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Stock impact report

Altadena asked Edison to bury power lines. Some fire victims say that could cost them $40,000 [Los Angeles Times (CA)]

Edison International (EIX) 
Last edison international earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: edison.com/home/investors.html
Residents fear dozens of trees could die as crews dig trenches and bury equipment underneath their branches. Edison says the undergrounding will make the town's electrical grid safer and more reliable. Connor Cipolla, an Eaton wildfire survivor, last year praised Southern California Edison's plan of burying more than 60 miles of electric lines in Altadena as it rebuilds to reduce the risk of fire. Then he learned he would have to pay $20,000 to $40,000 to connect his home, which was damaged by smoke and ash, to Edison's new underground line. A nearby neighbor received an estimate for $30,000, he said. “Residents are so angry,” Cipolla said. “We were completely blindsided.” Other residents have tracked the wooden stakes Edison workers put up, showing where crews will dig. They've found dozens of places where deep trenches are planned under oak and pine trees that survived the fire. In addition to the added costs they face, they fear many trees will die as crews cut their roo Show less Read more
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