On Monday, August 14th, 2023, Hawaiian Electric’s stock dipped nearly 40% after a class action lawsuit was filed. The lawsuit alleges that the wildfires were caused by the utility’s energized power lines that were knocked down due to the strong winds caused by Hurricane Dora. The suit also claims that Hawaiian Electric Industries has opted not to de-energize their power lines during the High Wind Watch and Red Flag Warning conditions despite knowing the risks of sparking a fire in those conditions.