Maui wildfire settlement conditions fully satisfied; HEI authorizes first $479M payment

HAWAIIAN ELECTRIC INDUSTRIES INC

Final condition met April 10, 2026: insurer subrogation judgment became final and unappealable.
HEI and Hawaiian Electric authorized first of four equal annual $479M installments.
Funds for this payment were from HEI's September 2024 equity offering and held in a special purpose vehicle.
Releases under the Settlement Agreements and from individual claimants are now effective.
Settlement Agreements settle all tort-related claims from the 2023 Maui windstorm and wildfires.

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