Newsroom - Hawaiian Electric
Hawaiian Electric's newsroom contains the latest news on energy use in Hawaii and our commitment to supporting the communities we serve. Read about our rooftop PV success, new demand response programs for customer savings and …
Plan To Bail Out HECO’s Credit Rating Would Cost Customers $48 …
Dec 31, 2024 · Hawaiian Electric Co. customers would have to pay $4 more per month under a proposal to create a settlement fund meant to bolster the power company’s battered credit rating in an era of ...
HECO’s Shaky Credit Prompts Proposal For Help From State
Dec 19, 2024 · The utility and its parent, Hawaiian Electric Industries, have joined other defendants in the massive wildfire litigation to craft a $4 billion offer designed to settle all wildfire claims.
Hawaiian Electric Company's shaky credit ... - Associated Press News
Dec 20, 2024 · The problem is HECO’s credit profile, which was battered after the August 2023 wildfire. The company faces hundreds of lawsuits related to the fire, which was started when a downed HECO power line ignited dry grasses, according to official investigations.
Customers Won’t Pay For HECO’s $2 Billion ... - Honolulu Civil Beat
Aug 9, 2024 · Hawaiian Electric Co.’s parent company has promised it will not raise rates for utility customers to pay $1.99 billion as part of a proposed global settlement of more than 600 lawsuits filed ...
Hawaiian Electric provides update on Lahaina fires, response
HONOLULU, Aug. 27, 2023 – Hawaiian Electric Company, Inc. ("Hawaiian Electric"), a subsidiary of Hawaiian Electric Industries, Inc. (NYSE: HE) ("HEI"), today issued the following update in response to the lawsuit filed on Thursday by the County of Maui.
Hawaiian Electric Agrees to Sell Bank Unit After Wildfire Settlement
Hawaiian Electric Industries HE-1.27% decrease; red down pointing triangle agreed to sell its community bank subsidiary to a group of investors Tuesday. The deal could help the company as it ...
HECO launches a power shutoff plan aimed at ... - Associated Press News
May 30, 2024 · The state’s largest utility company unveiled the details of its much-anticipated “public safety power shutoff” plan Wednesday, the latest move to try and reduce wildfire risk in Hawaii following last year’s deadly blazes on Maui.
Solar developer pulls out of 3 major projects, citing HECO's …
Nov 4, 2024 · HECO is still in negotiations to bring 12 other renewable projects online between 2026 and 2033. Longroad Energy, which has two solar farms in the works, told HPR on Thursday that its projects were on track.
Hawaii’s top power utility accused of years of ... - NBC News
Hawaii’s biggest power utility faces growing scrutiny for the role it might have played in the deadliest wildfire in modern American history, including detailed allegations in a lawsuit filed...