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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.
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 ...
The lawsuit accuses Hawaii's electric operator on the island of Maui of having inadequate protocols that raised the risk of wildfires.
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.
Hawaiian Electric’s stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui’s devastating wildfires were ...
The company, whose utilities provide electricity for 95% of the islands, is accused of bearing responsibility for the deadly Maui fires.
A state Circuit Court judge handling more than 650 fire victim damage cases ruled against expediting an appeal to the Hawaii Supreme Court sought by attorneys for victims as part of their effort ...
(Reuters) -Utility firm Hawaiian Electric raised going concern doubts on Friday after disclosing that it did not have a financing plan in place for the $1.99 billion Maui wildfire settlement it ...