Utilities' Extreme Plan to Stop Wildfires: Shut Off the Power [BNN Bloomberg (Canada)]
Hawaiian Electric Industries, Inc. (HE)
Last hawaiian electric industries, inc. earnings: 11/1 06:00 am
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hei.com/corporateprofile
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Source: BNN Bloomberg
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, they will be found liable and potentially recklessly negligent,” Wara said. The companies say shutoffs are sometimes needed in order to keep communities safe as longer droughts and more intense heat waves elevate fire risks in their service territories. Many are also changing settings on the
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HE
News
- Hawaiian Electric Industries, Inc. (NYSE: HE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Hawaiian Electric Industries, Inc. (NYSE: HE) is now covered by analysts at Jefferies Financial Group Inc.. They set a "hold" rating and a $11.50 price target on the stock.MarketBeat
- Artificial intelligence changes across the US [FOX News]FOX 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
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