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DWP hires law firm, at up to $1,975 an hour, to defend against Palisades fire lawsuits [Los Angeles Times (CA)]

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
The Board of Water and Power, which is made up of mayoral appointees, voted Tuesday to retain the L.A. firm Munger, Tolles & Olson to investigate anticipated claims related to the fire and respond to lawsuits from residents whose homes were destroyed or damaged. Under the deal, partners at the firm will charge the city up to $1,975 per hour for their legal work. Associates will bill from $745 to $1,180 per hour. A spokesperson for L.A. City Atty. Hydee Feldstein Soto said this “discounted rate structure” was among the factors that led to the selection of the firm. The agreement was formally approved this week, but Munger, Tolles & Olson began representing the city on Jan. 12, five days after the Palisades fire broke out, destroying nearly 7,000 homes and other structures and killing at least 12. The swift hiring of the law firm contrasts sharply with DWP's pace in finding a contractor to repair the Santa Ynez Reservoir, a 117-million-gallon water storage complex in the Palisade Show less Read more
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