Hawaiian Electric ‘Seeks Advice’ but Says Goal Not to Restructure. The Market Isn’t So Sure.

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'We are seeking advice from various experts ... the goal is not to restructure the company but to endure as a financially strong utility,” the group said in...

Hawaiian Electric, the utility provider accused of playing a role in starting devastating wildfires in Maui, Hawaii, has said that it is seeking advice but intends to endure as a financially strong utility. The market is skeptical.

The company didn’t respond to requests for comment from Barron’s but has told Bloomberg that it doesn’t have information on what caused the fires.

 

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