Hawaiian Electric, others agree to $4 bil Maui wildfire settlement ...Middle East

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Hawaiian Electric, others agree to $4 bil Maui wildfire settlement
HONOLULU: Hawaiian Electric Industries is among the defendants who have agreed to pay $4 billion to settle lawsuits over the deadly Maui wildfires, the company said on Friday.The utility operating on the island and its parent, Hawaiian Electric, are liable for $1.99 billion of the amount before tax, which includes $75 million previously contributed to the One Ohana Initiative.Settlement payments will begin after judicial approval and are expected to be made from mid-2025, Hawaiian Electric said in a statement.Hawaiian Electric and defendants including county officials faced lawsuits over the blazes that tore through Maui last year, killing at least 100 people, destroying thousands of propert

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