Hawaiian Electric stock plunges 40% after lawsuit alleges it failed to shut power off ahead of the Maui wildfires
Hawaiian Electric stock plunges 40% after lawsuit alleges it failed to shut power off ahead of the Maui wildfires
edition.cnn.com Hawaiian Electric stock plunges 40% after lawsuit alleges it failed to shut power off ahead of the Maui wildfires | CNN Business
Hawaiian Electric’s stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui’s devastating wildfires were caused by the utility’s energized power lines that were knocked down by strong winds.
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Utilities shouldn't be on the stock market.
Utilities shouldn't be for profit corporations.
Utilities shouldn't be corporations.Raise my taxes, idc, either I pay the government or I pay the corporation. The safety of the general public should not be at odds with profits.
Let us all have a moment of silence as we mourn the corporate losses.