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HAWAIIAN ELECTRIC LARGELY UNTOUCHED BY HURRICANE, FITCH SAYS -- FITCH FINANCIAL WIRE --

 HAWAIIAN ELECTRIC LARGELY UNTOUCHED BY HURRICANE, FITCH SAYS
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Sept. 14 /PRNewswire/ -- Hawaiian Electric Co.'s operations were not greatly affected by Hurricane Iniki, the storm which ravaged the island of Kauai in the Hawaiian Islands this weekend, Fitch says. Hawaiian Electric's senior debt is rated 'A+' and its preferred stock 'A' by Fitch.
 Kauai is not served by Hawaiian Electric or its subsidiaries. That island is served by Citizens Utilities Co., headquartered in Stamford, Conn., which is not rated by Fitch. Hawaiian Electric's market service area includes the islands of Oahu, Maui, Lanai, Molokai, and Hawaii. While the storm caused some damage and power outages on Oahu, located 80 miles southeast of Kauai, it is not expected to have a material affect on the utility's credit quality.
 -0- 9/14/92
 /CONTACT: Stephen J. Fedun of Fitch, 212-908-0568/
 (HE) CO: Hawaiian Electric Co. ST: Hawaiian IN: UTI SU:


PS -- NY031 -- 9047 09/14/92 10:33 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
Words:162
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