---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-24-000045"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:15:50.763415+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# HEI and Hawaiian Electric agree to pay $1.99B in Maui wildfire tort settlement

## Summary
- Total settlement of $4.037B includes HEI/Hawaiian Electric's $1.99B pre-tax contribution (four annual installments starting mid-2025).
- Settlement covers all tort claims from Aug. 2023 Maui wildfires; no admission of liability; pending court approval.
- HEI plans to finance contribution via debt, common equity, equity-linked securities; no assurance of terms.
- Other paying parties: State of Hawaii, County of Maui, Kamehameha Schools, Spectrum/Charter, Hawaiian Telcom, West Maui Land.
- Condition: subrogation insurers must resolve claims within 90 days or court determines exclusive remedy.

## SEC filing metadata
- accession: 0000354707-24-000045
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470724000045/0000354707-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470724000045/he-20240802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-24-000045
- JSON: https://secwatch.observer/filing/0000354707-24-000045.json
- Plain text: https://secwatch.observer/filing/0000354707-24-000045.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.