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Stock impact report

Southern California Edison to pay $80 mln to US over 2017 wildfire [Reuters]

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: Reuters
Forest Service from the 2017 Thomas wildfire in California's Los Padres National Forecast, the Department of Justice said on Monday. The accord with the unit of Edison International (EIX.N) , opens new tab , is the federal government's largest wildfire settlement in the Central District of California, which includes Los Angeles, and resolves a lawsuit that began in 2020. Southern California Edison did not admit wrongdoing in agreeing to settle. It had no immediate comment. The Thomas fire began on the windy night of Dec. 4, 2017, and burned more than 280,000 acres (113,312 hectares), or about 440 square miles, including more than 150,000 acres of National Forest System land in Santa Barbara and Ventura countries. More than 1,300 structures were damaged or destroyed, and two people died. Authorities said the fire began when dry vegetation ignited in two locations, as molten metal fell from two Southern California Edison power lines that contacted each other, while a failed tr Show less Read more
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