As of late last week, investigations were under way into whether equipment owned and operated by Southern California Edison, the utility subsidiary of
Hueston Hennigan partners Douglas Dixon, in Newport Beach, and Brittani Jackson, in Los Angeles, appeared at a Tuesday hearing for Southern California Edison.
The catastrophic wildfires in Los Angeles County have rocked the stock of Edison International, the parent company of Southern California Edison.
Southern California Edison, a unit of utility Edison International, was hit on Monday with multiple lawsuits claiming its electrical equipment started one of the major wildfires raging in the Los Angeles area,
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.
A judge on Tuesday approved a temporary restraining order for Southern California Edison to preserve data and equipment related to the area where the Eaton fire 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.
Before the Southern California wildfires began in early January, Edison International was well positioned to grow faster than most utilities as California pursued ambitious clean energy targets.
Southern California Edison said fire agencies are investigating whether electrical equipment was involved in the ignition of the Hurst Fire.
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.
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 (EIX) stock fell nearly 13% Wednesday after the company shut off power to tens of thousands of customers in Southern California as wildfires raged through the region.