Shares of California utility Edison International drop more than 10% as wildfires rage
Fear and uncertainty surrounding the wildfires in California appear to be weighing on shares of Edison International, whose Southern California Edison is the power utility for the areas directly surrounding the city of Los Angeles.
Edison International, other utilities to trade at discount on fire risk, analysts say
Edison International and other utilities are expected to trade at a wider discount to the benchmark S&P 500 utilities index than before as wildfires burning across California underscore the risks of natural disasters on their businesses,
Edison International Shares Latest on Wildfires and Power Outages
As of 4 p.m. PST on January 8, approximately 413,639 SCE customers are without power. This includes 183,186 customers affected by PSPS and 230,453 experiencing outages related to the windstorm. Additionally, 453,872 customers remain under a PSPS watch.
Edison International’s Stocks, Bonds Fall Amid LA Wildfire
Edison International’s shares and bonds fell on Wednesday as a wildfire raged across the Los Angeles region, close to areas served by the company’s utility unit.
California utility Edison plunges 10% but analysts OK with wildfire liability protections
Edison International (NYSE:EIX) settled -10.2% on Wednesday, after plunging as much as 13% to its lowest level in nine months, on fear and uncertainty over the wildfires in southern California; SoCal Edison is the power utility for the areas directly surrounding the city of Los Angeles.
Edison Reviewing Operations Around Start of Deadly Eaton Fire
Edison International said the deadly Eaton fire near Pasadena started in its service area and the utility-owner is conducting ...
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Edison Restores Power to Santa Barbara Customers; More Shutoffs Possible
Southern California Edison restored power midday Thursday to Santa Barbara-area customers affected by public safety power ...
Edison's new council president looks to restore six minute public speaking time
During Monday's township reorganization meeting, Councilwoman Margot Harris was unanimously elected council president. Among ...
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Los Angeles wildfires cause 10% drop in Edison stock, impacting 401(k) participants with company shares
The onslaught of wildfires in Los Angeles and surrounding southern California communities has caused a dramatic drop in the ...
Video: SBCSC board votes to make Jesus Pedraza K-5 principal at Edison
The SBCSC board voted Wednesday, Jan. 8, to move Jesus Pedraza from administrative role to be K-5 principal at Edison K-8 ...
Jefferies says market overestimating Edison wildfire exposure
Jefferies analyst Paul Zimbardo says shares of Edison International (EIX) dropped 10% on Wednesday with the market effectively assuming full ...
Shares of California utility Edison International drop 10% as wildfires rage
The decline comes as multiple large fires are burning around Los Angeles, with strong winds making them difficult to contain.
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With financing closed, construction on The Edison could start in spring
Madison-based development firm Neutral is now eyeing a spring construction start for its 32-story mass timber tower in ...
Edison International says SCE customers may experience several days of outage
Extreme winds and dangerous fires fueled by strong winds have created life-threatening conditions in parts of Southern ...