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+## Ticker: NYSE:HE
+### Hawaiien Electric
+
+## Qualitative Analysis
+HEI is a holding company with its subsidiaries principally engaged in electric utility, banking, and non-regulated renewable/sustainable infrastructure businesses (Electric utility, Bank, and Other.)
+HEI’s sources of funds are dividends or other distributions from its operating subsidiaries, borrowings, and sales of equity.
+
+Electric Utility: Hawaiian Electric and its operating utility subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric) provide service to approximately 95% of Hawaii’s population - 72% of earnings
+
+Bank: American Savings Bank (ASB) 3rd largest in Hawaii - 28% of earnings
+
+Other: corporate-level operating, general and administrative expenses and the results of Pacific Current, LLC (Pacific Current)
+
+August 8, 2023 was Hawaii fire incident - Liability risk
+
+estimate damages cost - 5.5 B - https://www.facebook.com/countyofmaui/posts/pfbid02kwcpL5MaspoEpkmqR6AEmRwMevdrvgdtinPTFy5ogvHLxNHig8Hm2UCYF7XLT9xGl
+estimate insurance companies exposure - 3.2 B - https://www.aol.com/news/lahaina-wildfire-insured-property-loss-095355255.html
+
+Economic toll of Hawaii wildfires could climb to $16 billion - https://www.marketplace.org/shows/marketplace-morning-report/the-cost-of-the-maui-fire/
+paying that would bankrupt company instantly
+
+
+Credit rating downgrade by S&P - https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3041908
+
+# Kpi's
+advanced smart meters ?
+
+### RESEARCH: NYSE: PCG
+similar situation, that of the 2018 Californian Camp Fire, the Pacific Gas & Electric Company was found liable, and these liabilities were part of the reasons why the company filed for bankruptcy in 2020