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 spinoff 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 spin 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.

The 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.

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

During the earnings call, analysts asked several questions about Ige’s recent opposition to the sale.

“It is a little unusual for a governor to have a press conference about it to voice his concern,” said Paul Patterson, stock market analyst with Glenrock Associates in New York. “I don’t recall that happening in most states. That isn’t normal.”

Ige said July 20 he was not convinced that NextEra is the company that would help the state reach its goal of 100 percent of the state’s electric power coming from renewable energy sources by 2045.

Lau said the companies support the state’s renewable-energy goals.

“Both Hawaiian Electric and NextEra Energy, each has made clear that we are fully committed to achieving Hawaii’s new goal of 100 percent renewable energy by 2045,” Lau said. “NextEra Energy has made it clear that it is committed to Hawaii and will bring a combination of renewable energy expertise, strong technological and operational knowledge, financial strength and access to capital necessary to support Hawaiian Electric’s plans. For our part, we believe NextEra Energy is the right partner for Hawaiian Electric to help us accelerate the achievement of Hawaii’s clean energy goal.”

HEI and NextEra Energy will file their rebuttal to criticism of the sale with the PUC at the end of this month.

HEI’s utility subsidiary, Hawaiian Electric Co., earned $32.8 million in the second quarter, down 4 percent from the prior year. The company said the decline was due to investment in renewable energy as well as operations and maintenance expenses.