(Reuters) – supplier Hawaiian Electrical on Monday laid out a plan to fortify the facility grid to assist scale back the danger of a wildfire began by its tools.
The utility has confronted intense scrutiny previously for its function within the lethal 2023 Maui wildfire. The fires killed over 100 individuals, destroyed the historic coastal city of Lahaina and precipitated harm estimated at $5 billion.
A number of damaging U.S. blazes previously have been linked to energy infrastructure, resulting in devastating monetary and authorized issues for utilities.
Hawaiian Electrical mentioned its wildfire security plan would value about $450 million from 2025 to 2027, with $137 million already budgeted for work this yr.
The corporate added that among the prices have already been funded by means of present packages, together with a federal grant it obtained in 2024 for grid resiliency.
Shares of the corporate have been up about 1.2% in buying and selling after the bell.
