---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-24-000064"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:37:18.854800+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# HEI and Hawaiian Electric agree to $1.99B settlement for Maui wildfire tort claims

## Summary
- HEI and Hawaiian Electric will contribute $1.99 billion total to settle tort claims from the 2023 Maui wildfires, including $75 million already provided for the One 'Ohana Initiative.
- Payment is structured as four equal annual installments of $478.75 million, with the first installment expected no earlier than the fourth quarter of 2025.
- HEI has transferred $478.75 million to a restricted subsidiary designated for the initial payment.
- The settlement is subject to court approval, resolution of insurer subrogation claims, and state legislation appropriating funds.
- The agreements resolve all tort claims related to the Maui wildfires without admission of liability, excluding securities and derivative actions.

## SEC filing metadata
- accession: 0000354707-24-000064
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470724000064/0000354707-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470724000064/he-20241101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-24-000064
- JSON: https://secwatch.observer/filing/0000354707-24-000064.json
- Plain text: https://secwatch.observer/filing/0000354707-24-000064.txt

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