WASHINGTON — The federal government will provide $95 million to shore up Hawaii's electric grid in the wake of deadly wildfires, President Joe Biden announced Wednesday.
The news comes as Hawaii's main electric utility, Hawaiian Electric , is facing a dozen lawsuits alleging that the company's practices were partly responsible for the deadly fires, a claim the utility denies.
Fitch, Moody's and S&P all recently downgraded Hawaiian Electric's credit rating to junk status, with Fitch warning that the company could face more than $3.8 billion in potential liability for the Maui wildfires.
Biden visited Hawaii with first lady Jill Biden last week to view the damage and meet with survivors.
Biden spoke to the governors of Florida, Georgia, North Carolina and South Carolina, and pledged the federal government's support for recovery efforts, the White House said.
Persons:
Lloyd Austin, Alejandro Mayorkas, Joe Biden, WASHINGTON —, Biden, Fitch, Jill Biden, Idalia
Organizations:
Defense, . Homeland, Hurricane, White, Washington , D.C, WASHINGTON, Moody's, Fitch
Locations:
Maui, Hawaii, Washington ,, Lahaina, Florida, Georgia, Florida , Georgia, North Carolina, South Carolina