Hawaiian Electric Industries is seeking expert advice amid growing scrutiny over its role in the Maui wildfires, but the largest power supplier in the US island state said on Friday that the goal was not to restructure the company.
"The goal is not to restructure the company but to endure as a financially strong utility that Maui and this state need," the firm said.
"Like any company in this situation would do, and as we do in the normal course of business, we are seeking advice from various experts," it said in a filing.
Ratings agency Moody's Investors Service earlier in the day downgraded the company's stock to junk status.
The electricity company said it has been "working around the clock" to support all those affected by the fires but that as of Thursday about 1,900 customers in West Maui remained without electricity.
It did not include the around 2,600 homes and businesses that were destroyed, which represent less than 1% of its customers.
The Honolulu-based company was slapped with class-action lawsuits alleging culpability for the fires, claiming that the utility failed to shut off power lines despite warnings that high winds might blow those lines down and spark wildfires.