Hawaiian Electric Industries Inc., the parent company for the state’s largest electric utility, said Monday its net income in the second quarter was $35 million, down 15 percent from the prior year due in part to costs related to its pending sale and spin-off of its bank subsidiary. 

HEI spent $7.2 million in costs related to its proposed sale to Florida-based NextEra Energy Inc. 

The company said earnings per share were 33 cents. 

“In the quarter, we achieved an important milestone for our pending bank spinoff and utility merger when our shareholders approved the merger with approximately 90 percent of the voted shares voting in favor of the merger. The process to obtain Hawaii Public Utilities Commission approval is also underway,” said Constance Lau, HEI president and chief executive officer. 

Federal Energy Regulatory Commission approved the sale in March, and shareholders approved the sale in June. Gov. David Ige, who appoints the PUC board, has said he is opposed to the sale as it currently stands. The PUC has said it will make a decision by June.

“We firmly believe that as we and our merger partner, NextEra Energy, are able to provide more information and engage in additional discussions, the commission and others will conclude that this partnership will result in significant benefits to our customers and will further underscore Hawaii’s global leadership in clean energy,” Lau said. “Both Hawaiian Electric and NextEra Energy each have made clear that we are fully committed to achieving Hawaii’s new goal of 100 percent renewable energy by 2045. Together, we believe we can get there faster.” 

Excluding the pending merger costs, HEI earned $42.2 million or 39 cents per share compared to the year-earlier period when it made $41.3 million or 41 cents per share.