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(Reuters) -Hawaiian's largest utility said on Friday it had agreed to pay roughly half of a more than $4 billion legal settlement that will compensate victims of last year's deadly Maui wildfires.
Maui County filed a lawsuit Thursday against Hawaiian Electric Company and its subsidiaries, alleging that the utility company’s negligence caused the devastating wildfires that burned thousands ...
The lawsuit filed Wednesday contends that since 2017, as Maui’s fire risks increased, Hawaiian Electric nonetheless paid out tens of millions in increased payments to shareholders every year.
Shares of Hawaiian Electric Co.'s parent fell more than 18% by market close Friday, one day after the utility was sued by Maui County over the fires that devastated Lahaina earlier this month.
S&P Global downgraded Hawaiian Electric and all of its subsidiaries to BB-, after a class action lawsuit alleged that strong winds knocked over the electric company’s energized power lines ...
Shares of Hawaiian Electric Industries tumbled more than 20% on Thursday following a report that the largest power provider in Hawaii could be considering restructuring as it faces an onslaught of ...
The lawsuit accuses Hawaii's electric operator on the island of Maui of having inadequate protocols that raised the risk of wildfires.
Maui County sued Hawaiian Electric last week, accusing the utility of negligently failing to shut off power and causing the devastating fires that destroyed the coastal town of Lahaina and killed ...