July 18 (Reuters) - Hawaiian Electric Industries ( HE )
and other defendants in lawsuits over the Maui wildfires in
Hawaii have tentatively agreed to pay more than $4 billion in
settlement amount, Bloomberg News reported on Thursday, citing
people familiar with the matter.
The company and other defendants, including county
officials, face multiple lawsuits over the blazes that destroyed
thousands of properties and caused damages worth an estimated $5
billion.
The proposed deal would settle suits on behalf of thousands
of homeowners and businesses against the utility.
Other defendants, in the proposed settlement, include a unit
of Charter Communications and state and local governments,
Bloomberg added.
Hawaii's Department of the Attorney General and Hawaiian
Electric declined Reuters requests for comment on the mediation
efforts, citing a confidentiality agreement.
Charter Communications also declined to comment, while the
Office of Maui Mayor did not immediately respond.