Posted on 08/24/2023 8:48:50 PM PDT by texas booster
Maui County stands alongside the people and communities of Lahaina and Kula to recover public resource damages and rebuild after these devastating utility-caused fires. These damages include losses to public infrastructure, fire response costs, losses to revenues, increased costs, environmental damages and losses of historical or cultural landmarks, according to a county news release.
HECO is a for-profit, investor-owned utility that trades publicly on the New York Stock Exchange that serves 95% of the Hawai’i customer base.
Civic damages by following the laws created by the state government.
But, of course, it is always someones' fault other than the state officials responsible for keeping citizens safe.
And, where are all the children?
Baron & Budd and Diab Chambers have been selected by public entities 95 times to recover civil damages in wildfire cases.
And they vote 100% of the time for their Democrat owners.
Thank you, Jonty.
That is exactly the case as in Maui.
The utility is wholly dependent on its Democrat taskmasters, and does whatever the politicians deem is most important for the next election.
I’d say eff it and shut it down take out all the generation and leave.
The blame game begins. Like the game hot potato, it will land with someone, but I doubt it will be landing on the actual entity that started the fires.
“Civic damages by following the laws created by the state government.”
Yep. I read earlier today the utility was allowed to spend only 1% of what they requested for fire prevention. The money that should have been spent on right of way maintenance went to climate projects.
I would suggest that he local Fire Department is to blame.
Yeah, you’re going to have a hard time doing that if you didn’t have any water in your fire hydrants.
isn’t Blackrock a major shareholder of the electric company in Maui?
(snip)
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don’t have many shares in Hawaiian Electric Industries. Looking at our data, we can see that
******* the largest shareholder is BlackRock, Inc. with 11% of shares outstanding.**************
In comparison, the second and third largest shareholders hold about 10% and 3.0% of the stock. Additionally, the company’s CEO Constance Lau directly holds 0.6% of the total shares outstanding.
https://finance.yahoo.com/news/kind-shareholders-own-hawaiian-electric-083210542.html?guccounter=1
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Hawaiian Electric Industries is not owned by hedge funds. The Vanguard Group, Inc. is currently the largest shareholder, with 11% of shares outstanding. In comparison, the second and third largest shareholders hold about 9.2% and 3.1% of the stock. Additionally, the company's CEO Constance Lau directly holds 0.0057045 of the total shares outstanding.
Interesting. Your Yahoo! article is a year newer than the one that I found.
Did Blackrock buy Vanguard?
the only reason I was aware of the Blackrock link was from viewing reports on Alex Jones.
Firemen have families too. As a practical matter, at some point they had to bail and try to protect their families, if the water is shut off.
>> Damned if you do, Damned if you don’t,
exactly — no other scenarios when it concerns the petulant Rats
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