Hawaiian Electric Removes Going Concern Doubts After Q3 Loss and Wildfire Settlement

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Hawaiian Electric reported a third-quarter loss after the utility removed a warning about its ability to remain in business, saying that a recent capital raise helped mitigate the concerns.

The utility had raised going concern doubts after disclosing that it did not have a financing plan in place for the $1.99 billion Maui wildfire settlement it reached in August.

The company said it expects to pay the total $1.92 billion payment obligation in four equal annual installments of about $478.8 million, and it is now positioned to fund its first settlement payment, which is expected

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