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82%  
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Keyword: lahainawildfire

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  • Hawaiian Electric Execs Pocketed Huge Raises Despite $1.4B In Losses

    03/20/2025 8:00:35 PM PDT · by Jyotishi · 5 replies
    Honolulu Civil Beat ^ | March 20, 2025 | Stewart Yerton
    Steering the utility from the brink of bankruptcy justified a $1.7 million raise for its CEO, the company said. Hawaiian Electric Industries Inc. and its subsidiaries faced torrents of bad news in 2024. Federal investigators found the company’s equipment had started the Lahaina wildfire that killed 102 people and destroyed most of the historic town. The company agreed to pay $1.9 billion to settle hundreds of lawsuits blaming it for the fire. Legislative measures to help bail out the company stalled. The bottom line: a net loss of $1.4 billion for the company. [Caption] Hawaiian Electric Industries, whose equipment sparked...