Hawaiian Electric raises concern over $1.99bn Maui wildfire settlement, considers alternative financing options.

Hawaiian Electric, a utility company, raised concerns about its ability to continue as a going concern due to uncertainties over its $1.99bn Maui wildfire settlement financing plan. The company is working with financial advisers on potential options, including debt, common equity, equity-linked securities, or other alternatives. The parent company, Hawaiian Electric Industries, will suspend dividend payments due to the going concern assessment.

August 09, 2024
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