2 years ago

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Hawaiian Electric (HE) has revealed that it de-energized all of its power lines six hours before the deadly wildfires tore through the community on August 8.
https://businesswire.com/news/home/20230828888016/en/Hawaiian-Electric-Provides-Update-on-Lahaina-Fires-Response

As Reuters reports, Maui county claimed in its lawsuit that the “severe and catastrophic” losses incurred as a result of the wildfires “could have easily been prevented” if HE had moved to shut down power at the proper time.

The energy company’s stock suffered in the days following the lawsuit, however Sunday’s news release brought shares back up when trading resumed on Monday.

Wildfires in Lahaina and beyond claimed the lives of over 100 people and caused billions in damage. The origin of the wildfires has not yet been determined, though Hawaii has since brought in an outside investigator to get to the bottom of things.
https://reuters.com/legal/shareholders-sue-hawaiian-electric-over-maui-wildfires-2023-08-24/

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