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Stock impact report

California regulators order Edison to look for fire risks on its old transmission lines [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
Edison also must tell regulators how its 355 miles of out-of-service transmission lines located in areas of high fire risk will be used in the future, according to a document issued by the Office of Energy Infrastructure Safety on Dec. 23. State regulations require utilities to remove abandoned lines so they don't become a public hazard. Edison executives said they did not remove the Eaton Canyon line because they believed it would be used in the future. It last carried power in 1971. The Office of Energy Infrastructure Safety said Edison must determine which unused transmission lines are most at risk of igniting fires and create a plan to decrease that risk. In some cases that might mean removing the equipment entirely. While the OEIS report focuses on Edison, the agency said it also will require the state's other electric companies to take similar actions with their idle transmission lines. Scott Johnson, an Edison spokesman, said Monday that the company already had been re Show less Read more
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