Hawaii wildfires News

Hawaiian Electric Removes Going Concern Doubts After Q3 Loss and Wildfire Settlement

Hawaiian Electric reported a third-quarter loss after the utility removed a warning about its ability to remain in business, saying that a recent capital raise helped mitigate the concerns. The utility had raised going concern doubts after disclosing that it …

Hawaiian Electric Pegs Loss at $1.7 Billion From Maui Fire

Hawaiian Electric Industries Inc. pegged losses from estimated accrual of liabilities stemming from one of the worst wildfires in US history at $1.7 billion and issued a going-concern warning. Hawaiian Electric said last week that it had agreed to pay …