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Hawaii Fires Turn a Safe Investment Into a Big Risk

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Utilities are supposed to be a staid investment. Hawaiian Electric is down 68% since the Maui fires started.

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Utilities are supposed to be a staid investment; Hawaiian Electric is down 68% since the Maui fires startedResidents were able to enter Lahaina on Wednesday for the first time since wildfires devastated the historic town last week. WSJ joined Pamela Tumpap, the president of Maui’s Chamber of Commerce, to see the damage. Photo: Yuki Iwamura/AFP

America’s power grid is largely run by private utilities backed by investors seeking slow and steady returns. The deadly wildfire thatCopyright ©Continue reading your article with

 

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Hawaii Fires Turn a Safe Investment into a Big RiskUtilities are supposed to be a staid investment. Hawaiian Electric is down 68% since the Maui fires started.
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