Hawaiian Electric Finalizes $2 Billion Maui Fire Settlement
- Utility-owner signs off on tentative pact reached in August
- Settlement won’t resolve separate claims by insurers
Employees of the Hawaiian Electric restore electric poles in the aftermath of the Maui wildfires in Lahaina, Hawaii in Aug. 2023.
Photographer: Yuki Iwamura/AFP/Getty ImagesThis article is for subscribers only.
Hawaiian Electric Industries formalized a $2 billion agreement to settle damage claims from a wildfire that razed the historic town of Lahaina and killed more than 100 people.
The utility-owner had reached a tentative agreement in August in which it, along with other defendants including the state of Hawaii, Maui County and landowners, would pay $4 billion to resolve hundreds of lawsuits stemming from last year’s wildfire, according to a filing Tuesday.