Hawaiian Electric Has Adequate Cash for Short Term Obligations

Hawaiian Electric says it has adequate cash to meet its financial obligations and sustain operations in short term.

• Including sufficient liquidity to fund first installment of the settlement of wildfire tort claims and other cash obligations for the next 12 months following the issuance of its financial statements
• Currently working with its financial advisors on a financing plan to raise additional capital to fund remaining settlement of wildfire tort claims
• May need to consider other strategic alternatives if financing plan unsuccessful, including delaying strategic initiatives, selling assets or bankruptcy relief

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