Utilities' Extreme Plan to Stop Wildfires: Shut Off the Power [Financial Post (Toronto, Ontario, Canada)]
Hawaiian Electric Industries, Inc. (HE)
Last hawaiian electric industries, inc. earnings: 11/1 06:00 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — A growing number of utilities are resorting to an extreme measure to prevent their equipment from sparking catastrophic wildfires: turning off the power. Electric companies serving about 24 million homes and businesses across the fire-prone US West now have plans to preemptively cut electricity during dangerous fire conditions, according to an analysis of data compiled by researchers at Stanford University. The proactive blackouts, however, run counter to the power companies' main mission — which is to keep the lights on. And that's angering customers and officials. Lawsuits — and the billions of dollars of damage claims that come with them — are an increasing concern among utilities, said Michael Wara, who leads the Climate and Energy Policy Program at Stanford University. “Utilities now fear that if they don't have these programs in place, the
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News
- Hawaiian Electric Industries, Inc. (NYSE: HE) had its price target lowered by analysts at Evercore ISI from $11.00 to $10.00. They now have an "in-line" rating on the stock.MarketBeat
- Hawaiian Electric Continues to Advance Wildfire Safety Efforts [Yahoo! Finance]Yahoo! Finance
- Hawaiian Electric Continues to Advance Wildfire Safety EffortsBusiness Wire
- Hawaiian Electric Industries, Inc. (NYSE: HE) had its price target raised by analysts at Evercore ISI from $9.00 to $11.00. They now have an "in-line" rating on the stock.MarketBeat
- Hawaiian Electric Industries Inc (HE) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
HE
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/8/24 - Form 8-K
- HE's page on the SEC website