secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001104659-24-101130
Event type: litigation
Sentiment:  negative
Materiality: 0.90
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Hawaiian Electric to pay $1.91B in Maui wildfire settlement; 4 annual installments starting mid-2025
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- Total settlement contribution of $1.91B (after $75M credit) to be paid in 4 equal annual installments.
- First installment ~$478M expected no earlier than mid-2025.
- Previously accrued $1.71B as current liability; classification may change in future quarters.
- Agreement in principle reached Aug 2, 2024, subject to final documentation and court approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000110465924101130/0001104659-24-101130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46207/000110465924101130/tm2422402d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-101130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer