Hawaiian Electric To Make $479M Fire Payment in Early 2026

Hawaiian Electric Industries said it will make its first payment, totaling $479 million, in early 2026 in a settlement resolving damage claims from a deadly 2023 wildfire in Maui.

• Hawaiian utility to raise debt in 1Q 2026 for the second claims payment, executives said Thursday during a second-quarter earnings call.
• Company conducting strategic review for a biomass plant; expects to divest remaining stake in American Savings Bank sometime over the next year
• Hawaiian Electric expects fire settlement to be completed in early 2026
• EARLIER: Hawaiian Electric 2Q Revenue $746.4M Vs. $795.4M Y/y
• NOTE: Hawaiian Electric Finalizes $2 Billion Maui Fire ...