Reasonably small Maui wildfire costs ate into earnings of Hawaiian Electric powered and its mother or father organization in the 1st a few months of this yr.
Hawaiian Electric Industries Inc., which owns the state’s biggest utility, created a $42.6 million initial- quarter profit, down 23% from $55.2 million a 12 months previously.
The organization claimed in its most recent quarterly financial report, launched Friday, that it proceeds to sustain liquidity for trying to keep in the vicinity of-term operations stable, although extended-phrase financial health and fitness is far more uncertain.
HEI mentioned that the variety of lawsuits filed against