Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
abetting, abuse, add, admission, Afternoon, al, allegedly, asserting, automated, Bhangal, Big, Blue, broadly, brought, brush, burned, California, captioned, Chip, compensatory, condemnation, coverage, crew, damage, damaged, destroyed, destruction, dip, discourage, discretionary, duty, educate, effectuating, emotional, employed, energized, enrichment, equitable, ERP, eventually, exacerbated, explanation, extinguished, facing, false, fault, feet, fell, felt, fiduciary, fire, guilt, hardening, healthy, HRS, humanitarian, ignited, impediment, incident, indemnify, inhibit, injury, inoperable, interfere, Intermediate, join, Josh, Kahe, Kamehameha, Lahaina, Lahainaluna, lengthy, lost, loved, machine, misleading, Moody, morning, negligent, Noninterest, Nonprofit, Northern, NP, Ohana, persistent, plaintiff, proactive, professional, promptly, promulgated, prorated, punitive, purported, purportedly, rebuilding, Reform, reinforce, reinforcing, repricing, rest, restitution, restoration, restore, restored, restoring, Rice, Road, SAIDI, SAIFI, scene, School, securitization, sharp, Shortly, spillover, subscription, substantive, summer, teller, thriving, Ulupono, undergrounding, unjust, Unregistered, unspecified, Upcountry, view, volcanic, voted, Watch, weak, widespread, wildfire, windstorm, withdrawn, WR, wrongful, yen, zone
Removed:
approve, arriving, attempt, cutting, dismissed, disrupt, enter, escalation, expenditure, externally, GW, installment, moderately, opposition, prospectively, unexpected
Financial report summary
?Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- Recent developments. On August 8, 2023, a number of brush fires in the West Maui (Lahaina) and Upcountry Maui areas, caused widespread property damage, including damage to property of the Utilities, and at least 99 fatalities in Lahaina (the Maui windstorm and wildfires). The Maui windstorm and wildfires were fueled by extreme winds and drought-like conditions in those parts of Maui. According to the County of Maui, in addition to the loss of life, over 3,450 acres burned and over 2,500 structures were destroyed. In Lahaina, a fire was reported at about 6:30 a.m. (the “Morning Fire”) and appears to have been caused by power lines that fell in high winds and spread into a field near the Intermediate School. The Maui County Fire Department responded promptly to the Morning Fire, and according to the Fire Department’s public statement that morning, by 9 a.m. the Morning Fire was “100% contained.” The Maui County fire chief subsequently reported that the Fire Department had determined that the Morning Fire was “extinguished.” Shortly before 3 p.m. that day, while the power remained off, Utility crew members saw a small fire in the same field about 75 yards away from Lahainaluna Road. They immediately called 911 and reported the fire (the “Afternoon Fire”). At the time of the Afternoon Fire, the Company’s power lines in the area where that fire ignited were not energized and had not been energized for more than six hours. By the time the Maui County Fire Department arrived back on the scene, it was not able to contain the Afternoon Fire and it spread out of control toward Lahaina. No determination as to the cause of the Afternoon Fire has been made. The Company believes that most of the property damage and all of the fatalities are from the Afternoon Fire.
- The circumstances surrounding the Maui windstorm and wildfires are currently the subject of several investigations.