Hawaiian Electric's Uncertain Future

On the latest episode of the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves speaks with Debtwire North America Analyst John Sinna, about the future of Hawaiian Electric Industries, Inc. The podcast begins with a recounting of the Maui wildfire in August and the resulting fallout for Hawaiian Electric (HE) which includes a congressional House Energy and Commerce Committee hearing scheduled for September 28 with utility and Hawaii regulatory officials. John’s moves on to discuss HE's business and their unique situation of owning a bank (American Savings Bank, F.S.B.). The conversation shifts to a discussion of the potential financial damages that HE faces. John provides a comparison of Pacific Gas & Electric to HE. John goes on to discuss how owning a bank makes the situation for HE more complicated. Finally, John provides his view on the potential scenarios that could play out for HE. #wildfire #catastrophicrisk #muniland