Hawaiian Electric Falls After Halting Dividend, Drawing Credit

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Hawaiian Electric Industries Inc. slumped after the company said it will draw down on credit lines and suspend its dividend to preserve cash in the wake of deadly wildfires on Maui.

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Hawaiian Electric Sued for Fraud Following Drop in Share PriceHawaiian Electric Industries Inc. was sued by investors who claim that its share price has been hit because its wildfire safety procedures were inadequate, and the company failed to disclose the weaknesses.
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Maui County sues Hawaiian Electric Company for negligence over Lahaina firesMaui County sued Hawaiian Electric Company on Thursday over the fires that devastated the town of Lahaina, saying the utility negligently failed to shut off power despite exceptionally high winds and dry conditions.
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Hawaiian Electric Suspends Dividend, Draws Down Credit LinesHawaiian Electric Industries Inc. drew down on revolving credit lines and said it would suspend its quarterly dividend as it seeks to shore up cash following the deadly wildfires in Maui.
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County of Maui sues Hawaiian Electric for negligence leading to fires(Reuters) - The county of Maui, Hawaii, on Thursday sued Hawaiian Electric accusing the power company of acting negligently by failing to shut down its ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

County of Maui sues Hawaiian Electric for negligence leading to fires(Reuters) - The county of Maui, Hawaii, on Thursday sued Hawaiian Electric accusing the power company of acting negligently by failing to shut down its ...
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S&P downgrades Hawaiian Electric to 'B-' as wildfires raise market-access worries(Reuters) -The S&P Global Ratings on Thursday downgraded Hawaiian Electric Industries and all of its rated subsidiaries to 'B-' from 'BB-', citing the ...
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