Edison International, other utilities to trade at discount on fire risk, analysts say
Edison International and other utilities are expected to trade at a wider discount to the benchmark S&P 500 utilities index than before as wildfires burning across California underscore the risks of natural disasters on their businesses,
Shares of California utility Edison International drop 10% as wildfires rage
The decline comes as multiple large fires are burning around Los Angeles, with strong winds in the forecast that could make them difficult to contain.
Los Angeles wildfires cause 10% drop in Edison stock, impacting 401(k) participants with company shares
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.
Edison International Shares Latest on Wildfires and Power Outages
As of 4 p.m. PST on January 8, approximately 413,639 SCE customers are without power. This includes 183,186 customers affected by PSPS and 230,453 experiencing outages related to the windstorm. Additionally, 453,872 customers remain under a PSPS watch.
California utility Edison plunges 10% but analysts OK with wildfire liability protections
Edison International (NYSE:EIX) settled -10.2% on Wednesday, after plunging as much as 13% to its lowest level in nine months, on fear and uncertainty over the wildfires in southern California; SoCal Edison is the power utility for the areas directly surrounding the city of Los Angeles.
What ignited the deadly California wildfires? Investigators consider an array of possibilities
Investigators are considering an array of possible ignition sources for the huge fires that have killed at least 10 people ...
Dangerous winds prompt Southern California Edison to shut off power to thousands of customers. Here’s where
This is the third time in as many months that strong Santa Ana winds have prompted Southern California Edison to cut power to ...
Edison girls soccer’s Riley Crooks excited for early college enrollment after ‘dream’ career
Crooks is one of Orange County’s top female athletes. In the fall, she had 46 interceptions to help Edison’s girls flag ...
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Edison Restores Power to Santa Barbara Customers; More Shutoffs Possible
Southern California Edison restored power midday Thursday to Santa Barbara-area customers affected by public safety power ...
What to know about Southern California's high wind warning and Los Angeles fire risks
High winds that weather officials have called "life-threatening and destructive" are hitting Southern California Tuesday, ...
5 Southern California Wildfires Destroy Homes, Force Evacuations: Latest Updates
Multiple wildfires have pushed tens of thousands of residents to flee their homes, and strong winds have exacerbated the ...
Wildfires are breaking out in Southern California as the ‘most destructive windstorm’ in over a decade hits
Wildfires began breaking out in Southern California Tuesday morning as a life-threatening, widespread windstorm that could be ...
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California infernos in January? Here’s why wildfire season keeps getting longer and more devastating
As climate change warms the planet, wildfires have become so unpredictable and extreme that new words were invented: firenado, gigafire, fire siege — even fire pandemic. California has 78 more annual ...
Power lines, involved in previous California fires, will be under scrutiny again.
Strong winds did prompt Edison and another utility, San Diego Gas & Electric, to begin cutting power to customers to reduce ...