Hawaiian Electric – One Year Later

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 latest developments with Hawaiian Electric Industries, Inc.

The podcast begins with John providing a summary of the key events that have occurred in the past year.

John then highlights the key issues that remain unresolved as of September 2024.

The conversation shifts to a discussion of the global settlement that was announced by Hawaii Governor Josh Green approximately a month ago. Currently, the insurance companies are holdouts to this settlement. John offers his perspective as to whether this deal can be consummated without buy-in from the insurers.

John provides an explanation for how insurance subrogation claims work and discusses whether the insurance market can function effectively without this. There is currently litigation under consideration in Hawaii as to whether subrogation claims will be allowed to proceed.

John moves the discussion to whether insurers would consider moving out of the Hawaii market.

Finally, John provides his view on the next important milestone and potential scenarios to play out.

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