Hawaiian Electric's stock surged by more than 44% during Monday's trading session as the utility released an update on its response to the deadly Maui wildfires and pushed back on a lawsuit.
Hawaiian Electric Company released a statement in response to Maui County's lawsuit blaming the utility for failing to shut off power before the deadly wildfire.
Hawaii’s electric utility company acknowledged its power lines started a wildfire on Maui but faulted county firefighters for declaring the blaze contained.