Trump moves to seize control of LA wildfire rebuilding from California [USA TODAY]
Edison International (EIX)
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Source: USA TODAY
President issued aimed at accelerating rebuilding in Los Angeles neighborhoods devastated by the wildfires in 2005, escalating a year-long confrontation between the White House and California over disaster management, water policy and local permitting rules. What's in Trump's executive order? 'Failures to Rebuild Los Angeles After the Wildfire Disasters' The order, signed Jan. 23, accuses state and local officials — including Gov. Gavin Newsom and Los Angeles Mayor Karen Bass — of “catastrophic failures” before, during, and after the fires, alleging leaders ignored forest management needs, mismanaged water systems, and then stalled the rebuilding process with what Trump calls duplicative and “obstructive” permitting. The administration claims that only a fraction of destroyed homes and businesses have been rebuilt a year later. The new executive order echoes the administration's which similarly blamed California's environmental and water-management policies for worsening wildfi
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News
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- Fighting to survive, an Altadena water company is charging a new ‘fire recovery fee' [Los Angeles Times (CA)]Los Angeles Times
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- Edison International (NYSE:EIX) had its price target raised by analysts at JPMorgan Chase & Co. from $65.00 to $66.00. They now have a "neutral" rating on the stock.MarketBeat
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