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HECO power plant at Kahe Point in West Oahu. Hawaiian Electric Industries, Inc. (HEI) is the largest supplier of electricity in the U.S. state of Hawaii, supplying power to 95% of Hawaii's population through its electric utilities: Hawaiian Electric Company serving Oahu, Hawai'i Electric Light Company serving The Big Island, and Maui Electric Company serving Maui, Lanai and Molakai.
The company’s net loss for the quarter, including core operating results from Hawaiian Electric and subsidiary American Savings Bank, was $1.3 billion, compared with a $54.6 million profit in ...
The parent company of Hawaii’s largest electrical utility might sell up to $825 million in new stock, partly to help fund a pending settlement of claims over 2023’s Maui wildfire disaster.
The settlement calls for the the utility and its parent Hawaiian Electric Industries to pay $1.99 billion which includes $75 million already contributed to the One Ohana Initiative - a fund that ...
(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 ...
Kauaʻi Electric was incorporated in 1905 as a subsidiary of McBryde Sugar in order to construct a 2.4 MW hydroelectric plant on the Wainiha River. Kauaʻi Electric merged with Lihue Plantation's Waiahi Electric Company early in the 1950s. Kauaʻi Electric became a division of Citizens Utilities Company in 1969. In the late 1990s, Citizens ...
Hawaiian Electric says it will provide as much notice as possible — 24 to 48 hours is the best-case scenario — but might need to shut off power with little or no notice if conditions are ...
Hawaiian Electric was able to restore power to roughly 2, 400 of the 3, 000 affected accounts a day later, on June 18, after what the company described as painstaking work that included ...
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