Hawaiian Electric Begins Restoration Work In Lahaina At Request Of Maui Emergency Operations Center; Temporary Infrastructure Would Not Preclude The Possibility Of Underground Utilities In The Future
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric (HE) has started restoration work in Lahaina, as requested by the Maui Emergency Operations Center. The temporary infrastructure being set up does not rule out the possibility of underground utilities in the future.
September 21, 2023 | 8:24 pm
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Hawaiian Electric's restoration work in Lahaina could potentially lead to increased operational costs in the short term, but may also improve infrastructure and service reliability in the long run.
The restoration work undertaken by Hawaiian Electric is likely to increase operational costs in the short term, which could put pressure on the company's financial performance. However, the potential for future underground utilities could improve the company's infrastructure and service reliability, which could be beneficial in the long term. Therefore, the short-term impact on the stock price is neutral.
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