Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Investing

Edison denies LA wildfire involvement as insurers ask it to preserve evidence

by
January 10, 2025
in Investing
0
Edison denies LA wildfire involvement as insurers ask it to preserve evidence
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

(Reuters) – Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton (NYSE:ETN) Fire that is still burning in Los Angeles, but said no fire agencies have pointed the utility’s connection to the fire.

The group, a unit of U.S. utility Edison International (NYSE:EIX), said its filing to regulators was triggered by online publications that “seemingly suggest” the group’s equipment may have been associated with the fire’s ignition.

“To date, no fire agency has suggested that SCE’s electric facilities were involved in the ignition or requested the removal and retention of any SCE equipment,” it said.

The utility added that it did not find any interruptions or anomalies in its transmission lines until more than an hour after the reported start time of the fire, citing preliminary analysis done by the group.

“Aside from the preservation notices suggesting SCE’s potential involvement and significant media attention surrounding the fire, we do not believe this incident meets the reporting requirements,” the utility added.

Two massive wildfires, the Palisades Fire between Santa Monica and Malibu on the city’s western flank and the Eaton Fire in the east near Pasadena, have consumed more than 34,000 acres (13,750 hectares) and have lead to 10 deaths.

The fires have collectively devoured over 10,000 homes and other structures and have been ranked as the most destructive in Los Angeles history.

Private forecaster AccuWeather have estimated the damage and economic loss at $135 billion to $150 billion, portending an arduous recovery and soaring homeowners’ insurance costs.

This post appeared first on investing.com
Previous Post

Prada among suitors looking at Versace, newspaper reports

Next Post

Japan stocks lower at close of trade; Nikkei 225 down 1.04%

Next Post
Japan stocks lower at close of trade; Nikkei 225 down 1.04%

Japan stocks lower at close of trade; Nikkei 225 down 1.04%

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Takeaways from the start of a Fed rate-cutting cycle

Takeaways from the start of a Fed rate-cutting cycle

October 12, 2024
U.S. foreign tax bill sends jitters across Wall Street

U.S. foreign tax bill sends jitters across Wall Street

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
U.S. foreign tax bill sends jitters across Wall Street

U.S. foreign tax bill sends jitters across Wall Street

May 30, 2025
Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

May 30, 2025
Nvidia results spark global chip rally

Nvidia results spark global chip rally

May 30, 2025
Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

May 29, 2025

Recent News

U.S. foreign tax bill sends jitters across Wall Street

U.S. foreign tax bill sends jitters across Wall Street

May 30, 2025
Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

May 30, 2025
Nvidia results spark global chip rally

Nvidia results spark global chip rally

May 30, 2025
Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

May 29, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved