US4198701009 - Common Stock
The fire that razed the historic Maui town of Lahaina last year was caused when Hawaiian Electric Industries Inc. re-energized broken utility lines that caused sparks to ignite unmaintained dry vegetation, the Maui Fire Department said.
Central Pacific Financial Corp. is in talks to raise money from some well-known alternative asset managers to help buy rival American Savings Bank FSB from Hawaiian Electric Industries Inc., the utility owner grappling with huge losses in the aftermath of last year’s wildfires on Maui, according to people familiar with the matter.
July's optimism over a settlement gave way to more uncertainty in August.
The beleaguered utility raised the prospect of bankruptcy after reaching a multibillion-dollar settlement this month.
HE stock results show that Hawaiian Electric Indus missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hawaiian Electric Indus (NYSE:HE) just reported results for the second quarter ...
Hawaiian Electric Industries Inc. has agreed to pay almost $2 billion as part of a $4 billion settlement to resolve hundreds of lawsuits over wildfires in Maui that killed dozens of people and destroyed the historic town of Lahaina last year.