Maui Settlement

The company has finalized the Maui wildfire settlement, making its first of four $479 million annual payments. Future payments are scheduled for April 2027, 2028 and 2029; the second payment will likely be financed via debt or convertible debt, while later payments may combine debt and equity. HEI’s liquidity stands at roughly $535 million under its at‑the‑market program and credit facility.