Hawaiian Electric Shares Drop 39% on Wildfire Probe

The video discusses the decline in Wine Electric's stock due to concerns that its power lines may have caused the Maui wildfires. It highlights the ongoing investigation and draws parallels with PG&E's past issues in California, where power lines were linked to major wildfires. The discussion also covers investor concerns and potential liabilities. Solutions like burying power lines, vegetation management, and weather monitoring are explored as ways to manage wildfire risks.

What are the potential consequences for Hawaiian Electric if they are found liable for the fires?

What long-term investments are suggested for utilities to manage wildfire risks?