Hawaiian Electric Warns About Future Viability Because of Maui Fire Costs

Key TakeawaysHawaiian Electric Industries said it might not be able to continue as a going concern because of payments needed to cover a legal settlement from the 2023 Maui wildfires.The company and its Hawaiian Electric unit don't have a plan in place to cover the $1.71 billion litigation costs.The company reported a second-quarter loss of$1.3 billion, mostly related to expenses from the fires. Shares of Hawaiian Electric Industries (HE), or HEI, sank Monday after the utility operator warned it may not be ...