Edison increases compensation for Eaton fire victims, but some say it's not enough [Los Angeles Times (CA)]
Edison International (EIX)
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Source: Los Angeles Times
After talking to residents about the plan it released in July, Edison said it decided to expand the area of homes that are eligible for compensation for smoke damage. “Expanding the eligibility area is one of the most significant updates made as a result of feedback,” said Pedro Pizarro, the chief executive of Edison International, the utility's parent company. “The number of qualified properties nearly doubled for those with damage from smoke, soot or ash.” The utility also increased the amount of compensation it is offering for some victims. For example, each child in a family that lost its home will be eligible to receive $75,000 for pain and suffering, up from $50,000 in the initial plan. To receive payments under the utility's Wildfire Recovery Compensation Program , families must agree to drop any lawsuits they filed against the utility for the Jan. 7 fire. The program also is open to businesses that lost revenues and renters who lost property. And it covers those who s
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