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,
SCE faces lawsuits for alleged negligence contributing to the Eaton Fire's ignition, which caused destruction and fatalities.
The court filings blame the utility for the fire despite the fact that the blaze's cause is still under investigation.
Southern California Edison said fire agencies are investigating whether electrical equipment was involved in the ignition of the Hurst Fire.
Separately, Southern California Edison is accused of failing to maintain power lines and other equipment, allegedly helping to spark the Eaton Fire. SoCal Edison disputed the claim that its ...
The utility has notified the California Public Utilities Commission that it had received a number of notices, from attorneys representing insurance companies, to preserve evidence regarding the Eaton fire.
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.
The Eaton Fire is now considered one of the deadliest fires in California history with 16 deaths reported so far.
(Reuters) -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 ...
Fire agencies are investigating whether downed Southern California Edison utility equipment played a role in igniting the Hurst fire near Sylmar.
At least four lawsuits were filed Monday morning against Southern California Edison in connection with the Eaton Fire.
Edison International (EIX) — the parent company of the utility Southern California Edison (SCE) — saw its stock drop roughly 12% Monday following an announcement from SCE late last week that ...