Hawaiian Electric CEO Says Working To Figure Out What Happened, And Cooperating Fully With Federal And State Investigators
Portfolio Pulse from Benzinga Newsdesk
The CEO of Hawaiian Electric (HE) has stated that the company is working to understand the recent incident and is fully cooperating with federal and state investigators. This statement was made during a testimony before a U.S. House Committee.

September 28, 2023 | 2:34 pm
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NEGATIVE IMPACT
Hawaiian Electric is under investigation and is cooperating with federal and state authorities. The outcome of the investigation could impact the company's reputation and financial standing.
Investigations, especially those involving federal and state authorities, can have significant impacts on a company. They can lead to fines, sanctions, or damage to the company's reputation, all of which can negatively affect the company's stock price. Given that Hawaiian Electric is fully cooperating, it indicates the seriousness of the situation.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100