The catastrophic wildfires in Los Angeles County have rocked the stock of Edison International, the parent company of Southern California Edison.
Edison International's wildfire mitigation plan update approved by CPUC, but Moody's warns of potential credit risk from Eaton Fire in LA County.
Southern California Edison, a unit of utility firm Edison International, on Monday was sued on claims that its electrical equipment started one of the major wildfires raging in the Los Angeles area, according to court filings.
The Eaton Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical lines in the area where the destructive blaze first started,
Edison International — the parent company of the utility Southern California Edison — has seen its stock remain under pressure as lawsuits begin over its potential role in the fires that have ravaged parts of Southern California.
Southern California Edison, the electrical utility for Los Angeles, has been sued for its alleged role in starting one of the raging Los Angeles fires that have collectively killed at least 24 people and displaced tens of thousands of people from their homes.
State utility regulators will vote Thursday on Southern California Edison's wildfire-mitigation plan, which safety auditors have said does not properly assess the risk of blazes during extreme winds,
Southern California Edison said fire agencies are investigating whether electrical equipment was involved in the ignition of the Hurst Fire.
The Eaton Fire began in Southern California Edison’s service area on Tuesday afternoon, according to a statement from parent company Edison International.
Edison International Inc.’s southern California utility was sued over the death of a woman whose home burned in one of the catastrophic Los Angeles fires, in a case brought by a prominent civil rights lawyer on behalf of a historically Black community.
Dozens of people are believed to have died in the Palisades and Eaton fires, which have burned down whole swaths of communities