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Stock impact report

Edison president discusses Eaton Fire, compensation program for victims [CBS News]

Edison International (EIX) 
Last edison international earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: edison.com/home/investors.html
Company Research Source: CBS News
International president is addressing the devastating blaze and the company's work to help victims. Pedro Pizzaro, President and CEO of Edison, the parent company of Southern California Edison, says that despite there being no official cause of the destructive inferno, the company has started to pay out to victims through a compensation program "We are taking accountability," Pizzaro said. "We've set up a claims program that already sent the first check out." This comes after months of speculation that SoCal Edison equipment sparked the fire, shown in a dramatic video captured by Altadena resident Jeffrey Ku on Jan. 7. "It's not an admission, we're clear, it's not an admission of fault, but it is taking the steps that are needed, and frankly, it's the right thing to do for the community," Pizzaro said. Those who accept the settlements from Edison, though, lose their right to sue the utility. "To get that money, you have to sign a legal waiver that waives all future legal r Show less Read more
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