Public utilities fall short on wildfire risk mitigation
Five years and 2,500 miles apart, fires devastated thriving communities — and major U.S. utility companies stood at the center of the infernos. It’s a story increasingly familiar in the…
GRPN, WYNN, PLUG, ILMN and more
Check out the companies making headlines in midday trading. Groupon — Shares plunged 34.8%, a day after the online marketplace company posted third-quarter revenue and global gross billings that fell…
Biden pledges $95 million to shore up Hawaii’s electric grid
U.S. Defense Secretary Lloyd Austin (L) and U.S. Homeland Security Secretary Alejandro Mayorkas (R) look on as President Joe Biden speaks about the government response and recovery efforts in Maui,…
Electric utilities face billions in liability with old lines
Electrical workers repair power lines leading into the fire ravaged town of Lahaina on the island of Maui in Hawaii, August 15, 2023. Mike Blake | Reuters Electric companies in…
Hawaiian Electric points finger at Maui County over wildfires
Search and recovery team members check charred buildings and cars in the aftermath of the Maui Fires in Lahaina, West Maui, Hawaii, August 17, 2023. Yuki Iwamura | AFP |…
JWN, HAS, HE, AFRM and more
Shoppers walk by a Nordstrom sign at Westfield San Francisco Centre in San Francisco, May 11, 2023. Justin Sullivan | Getty Images Check out the companies making the biggest moves…
Maui names 388 people who are still missing
Fire damage is seen from US President Joe Biden’s motorcade in Lahaina, Hawaii, on August 21, 2023. Mandel Ngan | AFP | Getty Images Maui police and the FBI have…
Biden to visit Maui, where 850 are still missing
U.S. President Joe Biden and first lady Jill Biden board a plane as they depart for Maui from Reno, Nevada, U.S., August 21, 2023. Kevin Lamarque | Reuters President Joe…
Has climate change made utilities a risky bet? What income investors need to know
With yields generally considered safe, utility stocks have long been a favorite income play for retirees. Yet climate change may put those plans at risk. The wildfires in Maui are…
Hawaii’s top power utility accused of years of mismanagement before the deadly wildfires
A fire investigator inspects a pole that is believed to be the origin of a deadly wildfire that may have been started when a transformer exploded due to high winds…