HEI monetizes ASB stake to fund Maui wildfire settlement
HEI sold shares in American Savings Bank IPO for approximately $33.9 million net proceeds, aiding wildfire relief payments.
See the latest news and media coverage for HEI. We track all announcements, press releases, and industry mentions in real time, all in one place.
Hawaii-based energy infrastructure holding company
hei.comLast updated
In short: HEI made a Maui wildfire settlement payment, expanded wildfire-prevention work, and sought higher rates.
HEI sold shares in American Savings Bank IPO for approximately $33.9 million net proceeds, aiding wildfire relief payments.
HEI will release financial results and host a webcast at 10:30 AM Hawaii time. Call details and replay access information are provided on the company website.
Management reports $123.2 million net income, highlights PUC-approved securitization funding for wildfire costs, and discusses ongoing rate rebasing efforts amid rising operating expenses.
Core EPS was $0.18, with $31.0 million core income; the first Maui wildfire settlement payment was made.
Hawaiian Electric Industries stock (ISIN US4198701009) closed at USD 8.90 on the NYSE on October 2, 2026, while the company reported Q2 GAAP net income...
"We are pleased that we were able to successfully monetize shares in American Savings Bank, further strengthening HEI's liquidity and financial position, and reducing financing...
Hawaiian Electric Industries posted higher revenue in the second quarter and said it has made progress in reducing wildfire risk in its service territories. HEI...
Pivotal Milestone Achieved as Global Wildfire Tort Litigation Settlement Finalized; HEI and Hawaiian Electric Issued First of Four $479 Million Settlement Payments in April Following...
Track HEI and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Browse news for competitors to HEI and other trending companies.