Hawaiian Electric Pushes Back on Cause of Wildfires

The transcript discusses the wildfires in Maui, initially caused by power lines, and the subsequent impact on Hawaiian Electric's stock and financial standing. The company faces potential legal liabilities and has suspended dividends, affecting local shareholders. The discussion also covers the credit market's response, with bond prices remaining stable due to junk ratings. The legal process is expected to be lengthy, similar to the PG&E bankruptcy case.

What caused the wildfires in Maui according to the text?

What was the stock performance of Hawaiian Electric after the wildfires?

What factors determine the liability of Hawaiian Electric in the context of the wildfires?

How long might the legal proceedings related to the lawsuits take?

What impact did the wildfires have on Hawaiian Electric's dividends?