Hawaiian Electric Industries, Inc. (NYSE:HE) Q3 2024 Earnings Conference Call November 8, 2024 4:30 PM ET
Company Participants
Mateo Garcia - Director, Investor Relations
Scott Seu - President and Chief Executive Officer
Scott DeGhetto - Executive Vice President, Chief Financial Officer and Treasurer
Joseph Viola - Senior Vice President, Customer, Legal and Regulatory Affairs
Paul Ito - Senior Vice President, Chief Financial Officer and Treasurer
Conference Call Participants
Michael Lonegan - Evercore ISI
Jonathan Reeder - Wells Fargo
Operator
Good afternoon. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the Third Quarter 2024 Hawaiian Electric Industries, Inc. Earnings Conference Call. Today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]
At this time, I would like to turn the conference over to Mateo Garcia, Director of Investor Relations. Please go ahead.
Mateo Garcia
Thank you. Welcome, everyone, to HEI's Third Quarter 2024 Earnings Call. Joining me today are Scott Seu, HEI President and CEO; Scott DeGhetto, HEI Executive Vice President, CFO, and Treasurer; Shelee Kimura, Hawaiian Electric President and CEO; Ann Teranishi, American Savings Bank President and CEO; and other members of senior management. Our earnings release and our presentation for this call are available in the Investor Relations section of our website.
As a reminder, forward-looking statements will be made on today's call. Factors that could cause actual results to differ materially from expectations can be found in our presentation, our SEC filings, and in the Investor Relations section of our website. Today's presentation also includes references to non-GAAP financial measures. You should refer to the information contained in the slides accompanying today's presentation for definitional information and reconciliations of historical non-GAAP measures to the closest GAAP financial measure.
Now Scott Seu will begin with his remarks.
Scott Seu
Aloha kakou. Welcome, everyone. For today's call, I'll start with key updates regarding the Maui wildfires and the definitive settlement agreement signed earlier this week. I'll then touch on updates at the utility, bank, and Pacific Current before turning it over to Scott DeGhetto, who will walk through our third-quarter financial results in more detail and discuss the financial implications of recent announcements. We'll then open it up for questions.
On November 5, we announced that HEI, Hawaiian Electric, and other defendants entered into a definitive settlement agreement with plaintiffs in the Maui wildfire tort litigation. Finalizing the terms of this agreement is another important milestone in our efforts to offer those who suffered loss, an accelerated path to recovery and regain the financial strength of our enterprise.