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Hawaiian Electric Industries Inc (HE) Q3 2025 earnings call highlights progress on wildfire safety initiatives, improved liquidity, and financial flexibility. However, net income decreased compared to the previous year due to higher legal and consulting costs and increased wildfire mitigation program expenses. The company faces uncertainty regarding the timing and outcome of the rate rebasing process and has not committed to a specific timeline for monetizing its remaining 9.9% stake in American Savings.

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