thehill.com 25 Aug, 2023 19:00 am

Hawaiian Electric shares plunge after utility is sued over devastating Maui fires

NEW YORK (AP) — Shares of Hawaiian Electric Co.’s parent fell more than 19% Friday, one day after the utility was sued by Maui County over the fires that devastated Lahaina earlier this month. Maui County accused Hawaiian Electric of negligently failing to shut off power despite exceptionally high winds and dry conditions — saying…

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