The L.A.-area fires may pose the first big test of California’s wildfire fund, which was set up in 2019 to protect utilities from bankruptcy.
Fires across the Los Angeles area have killed at least 25 people. The Palisades and Eaton fires continue to burn in Southern California.
Southern California Edison is being sued by residents and businesses impacted by the Eaton Fire, who allege the Los Angeles utility's equipment may have started the deadly blaze. The big picture: It's among multiple wildfires that have erupted across the L.
The complaints allege the utility failed to de-energize its power lines, which allowed the electrical equipment to spark the massive blaze near Pasadena on Jan. 7.
Edison International's wildfire mitigation plan update approved by CPUC, but Moody's warns of potential credit risk from Eaton Fire in LA County.
Edison International (EIX) — the parent company of the utility Southern California Edison (SCE) — saw its stock drop more than 10% Monday. The decline follows an announcement from SCE Friday that it's being investigated by California fire authorities.
Altadena residents said in separate lawsuits that the utility’s electrical equipment had sparked the fire, which grew to consume 14,000 acres.
Santa Anita employees jumped in to serve food to Los Angeles County fire victims, and the racetrack donated its food originally slated for weekend racing to victims, backstretch workers, the National Guard,
Attorneys for a woman who is among thousands who lost their homes in the Eaton Fire outside Los Angeles say Southern California Edison crews working to repair and restore power in the area may have destroyed evidence that could help determine what sparked the wildfire.
The mother of a woman who was killed the Los Angeles-area Eaton Fire on Friday sued Southern California Edison in what may be the first death-related case brought against the electric utility in connection with the disaster.
Los Angeles County has been devastated by two deadly wildfires that have become some of the most destructive in California history. The Palisades and Eaton fires both erupted on Jan. 7, fueled by severe drought conditions and strong Santa Ana winds.