The Hawaii Power Utility Believed To Have Started The Deadly Lahaina Fire Removed Damaged Power Poles And Other Equipment From A Key Fire Scene, Potentially Affecting Evidence That Is Part Of An Official Investigation Into How The Blaze Ignited
Portfolio Pulse from Benzinga Newsdesk
The Hawaii Power Utility is believed to have started the deadly Lahaina fire. The company has removed damaged power poles and other equipment from a key fire scene, potentially affecting evidence that is part of an official investigation into how the blaze ignited.
August 24, 2023 | 6:45 pm
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Hawaiian Electric Industries (HE) may face legal and reputational risks due to the ongoing investigation into the Lahaina fire, which the company is suspected of starting.
The news directly implicates Hawaiian Electric Industries (HE) in a serious incident, the Lahaina fire. If the company is found to be responsible, it could face legal consequences and damage to its reputation, which could negatively impact its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100