Hawaiian Electric 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 Among Firms Eyeing $4B Maui Fire Deal

Hawaiian Electric Industries Inc. is among the companies that have tentatively agreed to pay more than $4 billion to resolve hundreds of lawsuits over the wildfires that ripped through Maui last year, according to people familiar with the deal. The …

Hawaiian Electric Hits 40-Year Low Ahead of Maui Fire Report

Hawaiian Electric stock hit a 40-year low in the wake of a local news report that a probe of the devastating Maui fires does not find fault with first responders. Shares fell as much as 18% to $8.74, the lowest …

Hawaiian Electric Restores Power After Rolling Outages Due to Loss of Generators

Utility firm Hawaiian Electric HE.Nrestored power on Hawaii Island after it had begun rolling outages on Tuesday due to the unavailability and reduced output from several large generators. “No more rolling outages tonight, power has been restored to all customers …