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Hawaiian Electric (HE) Provides Update on Lahaina Fires, Response

August 28, 2023 5:01 AM

Hawaiian Electric Company, Inc. (“Hawaiian Electric”), a subsidiary of Hawaiian Electric Industries, Inc. (NYSE: HE) (“HEI”), today issued the following update in response to the lawsuit filed on Thursday by the County of Maui.

“Our hearts and hands are with the people of Lahaina and Maui,” said Shelee Kimura, president and CEO of Hawaiian Electric. “Hawaiʻi has thrived on the collective strength and unity of our community, and we need to embrace that spirit now more than ever. There are important lessons to be learned from this tragedy by all of us collectively, and we are resolved to figure out what we need to do to keep our communities safe as climate issues rapidly intensify here and around the globe. We invite others to do the same with us.”

Several important facts are clear about the events on Aug. 8:

“We were surprised and disappointed that the County of Maui rushed to court even before completing its own investigation,” Kimura said. “We believe the complaint is factually and legally irresponsible. It is inconsistent with the path that we believe we should pursue as a resilient community committed and accountable to each other as well as to Hawaiʻi’s future. We continue to stand ready to work to that end with our communities and others. Unfortunately, the county’s lawsuit may leave us no choice in the legal system but to show its responsibility for what happened that day.”

Outlined below are additional details:

“The county’s lawsuit distracts from the important work that needs to be done for the people of Lahaina and Maui,” said Scott Seu, president and CEO of HEI. “Since the devastating fire in Lahaina, Hawaiian Electric’s focus has been supporting all of those who have been impacted and helping Maui recover. HEI stands with Hawaiian Electric and the community in rebuilding Lahaina and empowering a thriving future for Maui and the other islands we serve.”

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