Adds developments for Aug. 30 onwards
Sept 15 (Reuters) - The U.S. House Energy and Commerce Committee on Thursday asked Hawaiian Electric's HE.N CEO Shelee Kimura to testify at a hearing investigating the causes of the wildfire that killed at least 115 people and razed the historic town of Lahaina.
The Honolulu-based power company's market value has slumped by more than 60% to $1.45 billion since Aug. 8, when the wildfires began, amid scrutiny over its involvement.
Here is a sequence of key events involving the troubled utility:
Wildfiresand wreak destruction in Lahaina, a city of 13,000 people in Maui.
Hawaiian Electricit is working with the county to investigate the cause of wildfires.
Residents file two class-actionin state courts claiming that the utility is responsible for the wildfires.
Ratings agency S&PHawaiian Electric to junk status as investor concerns grow.
The Wall Street JournalHawaiian Electric is speaking with restructuring advisory firms to address potential financial and legal challenges.
Hawaiian Electric shares brieflytheir lowest since 1985.
Moody's alsothe company's credit rating to junk status.
Hawaiian Electric says it wasbut was seeking expert advice amid questions over its role in the wildfires.
Fitch alsoits ratings, saying the potential liabilities are an "existential threat."
Hawaiian Electricit has sought advice from boutique advisory firm Guggenheim Securities.
Shareholdersagainst the utility provider in a San Francisco federal court.
The county of Mauifor that led to the fires.
Hawaiian Electricits dividend and announces steps to strengthen its balance sheet.
S&PHawaiian Electric's credit rating, citing its likely inconsistent access to capital markets.
Hawaiian Electric says it hadits power lines more than six hours before the Lahaina fire began, disputing claims of its involvement.
Thethe Department of Energy would provide $95 million to Hawaiian Electric through the Bipartisan Infrastructure Law to strengthen its power grids.
A victim's kinagainst the state of Hawaii, Maui county as well as Hawaiian Electric for leading to the wildfires.
U.S.Hawaiian Electric CEO Shelee Kimura to testify at a hearing to find out the cause of the deadly wildfire.
(Reporting by Sourasis Bose in Bengaluru; Editing by Arun Koyyur and Shounak Dasgupta)