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Stock impact report

Hawaii authorizes power cuts in high-risk weather conditions after Maui fire disaster [CNN]

Hawaiian Electric Industries, Inc. (HE) 
Last hawaiian electric industries, inc. earnings: 11/1 06:00 am Check Earnings Report
US:NYSE Investor Relations: hei.com/corporateprofile
Company Research Source: CNN
killed more than 100 people in Lahaina on the island of Maui and left $6 billion in damages. “This means they may turn off power in high-risk wildfire areas during extreme weather conditions,” the Hawaii Division of Consumer advocacy said in a public notice Wednesday. “While this may create hardships for affected customers, PSPS aims to prevent wildfires caused by downed power lines.” The new program goes into effect July 1. Hawaiian Electric says on its website that “a best-case scenario” would allow them to give people 24-48 hours' notice before a shutdown. According to the public notice, residents would be notified of a potential shutoff through news releases, social media, outage maps or the Hawaiian Electric website. If weather changes suddenly, then a shutoff may occur with little or no notice. High wind and red flag warnings were issued by the National Weather Service on August 8, the day of the devastating Maui wildfires. But during the disaster, the community's siren w Show less Read more
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