Edison neglected maintenance of its aging transmission lines before the Jan. 7 fires. Now it's trying to catch up [Los Angeles Times (CA)]
Edison International (EIX)
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Source: Los Angeles Times
Edison's aging transmission lines are suspected of igniting two January fires, including the Eaton fire that killed 19 people and destroyed over 9,000 homes in Altadena. After the fires, Edison accelerated repairs. It denies it fell behind on maintenance. Southern California Edison did not spend hundreds of millions of dollars on maintenance of its aging transmission lines that it told regulators was necessary and began billing to customers in the four years before the Jan. 7 wildfires, according to a Times review of regulatory filings. Edison told state regulators in its 2023 wildfire prevention plan that it believed its giant, high-voltage transmission lines, which carry bulk power across its territory, “generally have a lower risk of ignition” than its smaller distribution wires, which deliver power to neighborhoods. While it spent heavily in recent years to reduce the risk that its smaller lines would ignite fires, Edison fell behind on work and inspections it told regula
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EIX
News
- Edison International (NYSE:EIX) was given a new $57.00 price target on by analysts at Morgan Stanley.MarketBeat
- Edison International (NYSE:EIX) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- The fire took his sister and his lifelong home. He's been fighting to get back ever since [Los Angeles Times (CA)]Los Angeles Times
- Edison president discusses Eaton Fire, compensation program for victims [CBS News]CBS News
- Eaton Fire survivors urge Southern California Edison to provide temporary housing support [CBS News]CBS News
EIX
Earnings
- 10/28/25 - Beat
EIX
Sec Filings
- 12/4/25 - Form SC
- 11/20/25 - Form 8-K
- 11/20/25 - Form SC
- EIX's page on the SEC website