Scott Seu on wildfire mitigation
From Hawaiian Electric Industries, Inc HE Q3 2025 Earnings Call · · Fyfull
“Implementing wildfire safety improvements, advancing the Maui wildfire tort litigation toward final court approval, and laying the groundwork for a successful second multi-year rate period under our performance-based regulation or PBR framework.”
On , Scott Seu, President, Chief Executive Officer & Director at HAWAIIAN ELECTRIC INDS, spoke about wildfire mitigation during Hawaiian Electric Industries, Inc HE Q3 2025 Earnings Call on Fyfull.
About Scott Seu
Scott Seu, president and CEO of Hawaiian Electric Industries (HEI), has focused recent public remarks on the company’s financial recovery, wildfire safety improvements, and the Maui wildfire tort litigation settlement. On the company’s third-quarter 2025 earnings call, Seu stated that HEI has “greatly improved” its utility operational risk profile since the 2023 Maui wildfires and noted that the utility had deployed all planned weather stations and AI-assisted cameras ahead of schedule. He also discussed the company’s efforts to secure financing for the settlement, saying that a $478 million first payment is not expected to be required until early 2026 and that the company is working through a rate rebasing process with the Hawaii Public Utilities Commission. In earlier shareholder messages, Seu described the global settlement as “the best and fastest path” for the community to heal and for the company to reestablish financial stability. He stated that HEI’s objective has been to remain “strong and financially healthy” and that both Hawaiian Electric and American Savings Bank continue to generate robust cash flows. Seu has also expressed confidence that HEI will be a “strong dividend-paying company in the future.” Separately, he served as chair of the 2023 Hawai‘i Heart Walk, promoting the American Heart Association’s efforts to combat heart disease and stroke in the state.