Hawaiian Electric Engages Guggenheim in Wake of Maui Wildfire Suits
- The utility faces numerous lawsuits over wildfire exposure
- The company was cut to junk by the three major ratings firms
Hawaii Electric workers repair electrical lines on August 17 in Lahaina, Hawaii.
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Hawaiian Electric Industries Inc. said it is seeking advice from various experts, including Guggenheim Securities as it takes steps to determine the fallout from the deadly wildfires in Maui.
“We are seeking advice from various experts as we position HEI and Hawaiian Electric to be the strong, financially healthy local utility that the people of Maui and Hawai‘i need over the long term,” the company said a statement. “One of those experts is Guggenheim Securities, and their deep experience working with other utilities will be invaluable as we move forward.”