Nov 8 (Reuters) - Hawaiian Electric reported a

third-quarter loss on Friday after the utility removed a warning

about its ability to remain in business, saying that a recent

capital raise helped mitigate the concerns.

The utility had raised going concern doubts after disclosing

that it did not have a financing plan in place for the $1.99

billion Maui wildfire settlement it reached in August.

The company said it expects to pay the total $1.92 billion

payment obligation in four equal annual installments of about

$478.8 million, and it is now positioned to fund its first

settlement payment, which is expected to be required in late

2025.

The utility firm said it recorded a $121 million after-tax

loss due to the accrual of additional estimated wildfire

liabilities related to legal claims and cross claims as of Sept.

30.

Hawaiian Electric reported a loss of $82.6 million for the

quarter ended Sept. 30, compared with a profit of $43.5 million

last year.