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Maui Wildfire

Hawaiian Electric Reaches Tentative $4 Billion Maui Wildfire Settlement

In a lawsuit over the Maui wildfires of August 2023, Hawaiian Electric and other defendants have tentatively agreed to a settlement of more than $4 billion. The proposed deal, which has not yet received final approval, would settle the lawsuits of thousands of businesses and homeowners against the island’s utility, Hawaiian Electric, said people familiar with the agreement who were not authorized to speak about it publicly, Bloomberg reported. The devastating wildfires killed 102 people, damaged or demolished 2,207 structures — most of them residential — and caused approximately $5.5 billion in damages.

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