The catastrophic wildfires in Los Angeles County have rocked the stock of Edison International, the parent company of Southern California Edison.
Dozens of people are believed to have died in the Palisades and Eaton fires, which have burned down whole swaths of communities
Shares of Edison International plummeted Wednesday as its Southern California Edison subsidiary was forced to shut off power to thousands of customers because of the Los Angeles-area wildfires.
Southern California Edison, a unit of utility Edison International, was hit by multiple lawsuits on Monday claiming its electrical equipment started one of the major wildfires currently raging in the Los Angeles area,
Edison International stock has struggled this month as wildfires rage in Los Angeles but its valuation now factors in a worst-case scenario, one analyst team argued. Ladenburg Thalmann analysts ...
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.
Edison International’s bonds weakened on Monday relative to Treasuries, extending a week of losses, after its utility was hit with a lawsuit blaming the energy provider’s equipment for igniting one of the wildfires burning around Los Angeles.
Southern California Edison announced that its grid experienced a "short circuit" just after 10 p.m. on Tuesday night - which is when the Hurst Fire began
Ben Crump filed the suit on Wednesday on behalf of Evelyn Cathirell, one of 17 people who died in the Eaton fire in Altadena, an unincorporated area north of Pasadena with a significant Black population.
Southern California Edison and its predecessor companies have been powering the lives of Angelenos going back to late 1880s, just a few years after Thomas
Two lawsuits, filed on Monday in Los Angeles Superior Court, allege Edison's failure to maintain vegetation and de-energize transmission poles caused the Eaton fire in Los Angeles.
The onslaught of wildfires in Los Angeles and surrounding southern California communities has caused a dramatic drop in the stock of Edison International, the utility that serves much of the affected area, affecting the utility’s 401 (k) plan investors who hold company stock.