HAWAIIAN ELECTRIC AGREES TO PAY ABOUT HALF OF $4 BILLION MAUI WILDFIRE SETTLEMENT
NEWS Desk Global
Hawaiian's largest utility said on Friday it had agreed to pay roughly half of a more than $4 billion legal settlement that will compensate victims of last year's deadly Maui wildfires.
Blazes tore through Maui on Aug. 8 2023, killing over 100 people, destroying the historic coastal town of Lahaina and causing damage estimated at $5 billion. The lawsuits brought on behalf of thousands of home and business owners claimed that Hawaiian Electric failed to shut off power lines despite warnings that high winds might blow them down and spark wildfires.
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