Hawaiian Electric faces financial, legal woes from deadly Maui wildfires

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(Reuters) - Hawaiian Electric on Monday disputed accusations that its power lines caused the deadly wildfires in Maui earlier this month, which killed ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Hawaiian Electric on Monday disputed accusations that its power lines caused the deadly wildfires in Maui earlier this month, which killed at least 115 people.

The Honolulu-based power company's market value has slumped more than 60% to $1.06 billion since Aug. 8 when the wildfires began, amid scrutiny over its involvement.Aug. 8 Wildfires begin at night and wreak destruction inAug. 11 Hawaiian Electric says it is working with theAug. 12 Residents file two class-action lawsuits in stateAug. 15 Ratings agency S&P downgrades Hawaiian ElectricElectric is speaking with restructuring advisoryAug.

 

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