8 months ago
75 An aerial representation shows a reddish roofed location that survived the fires surrounded by destroyed homes and buildings burned to the crushed successful the historical Lahaina successful the aftermath of wildfires successful occidental Maui successful Lahaina, Hawaii connected August 10, 2023.
Patrick T. Fallon | AFP | Getty Images
Maui County connected Thursday sued Hawaiian Electric for damages implicit the deadly wildfires that person claimed much than a 100 lives and resulted successful billions of dollars successful estimated spot losses.
Shares of Hawaiian Electric fell 6% successful afterhours trading. The electrical inferior said it volition suspend its quarterly dividend to enactment up its currency presumption successful the aftermath of the fires.
Maui County said Hawaiian Electric inexcusably near its powerlines energized contempt a informing from the National Weather Service that precocious winds from Hurricane Dora and drought conditions connected the land created a precocious occurrence risk.
The wildfires reduced the historical municipality of Lahaina to ruins successful the deadliest blaze successful the U.S. successful much than a period and the worst catastrophe successful Hawaii authorities history.
Maui County said the demolition could person been avoided had Hawaiian Electric unopen the powerfulness off. The region cited archetypal estimates from the Federal Emergency Management Agency that it volition outgo much than $5 cardinal to rebuild Lahaina.
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