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The company will likely face questions over whether any of its power lines may have contributed to the fires. No officials have made any statements on this issue.
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ROSEMEAD, Calif.--(BUSINESS WIRE)--Extreme winds and dangerous fires fueled by strong winds have created life-threatening conditions in parts of Southern California. Our thoughts are with everyone impacted by this significant event, and we offer our immense gratitude to the firefighters and other public safety officials. Safety remains our number one priority for customers, employees and our communities. The most notable current events are the Palisades, Eaton and Hurst fires. The Palisades Fir.
Shares of Edison International (EIX) plunged Wednesday as its Southern California Edison subsidiary was forced to shut off power to nearly 70,000 customers because of the Los Angeles-area wildfires.
The decline comes as multiple large fires are burning around Los Angeles, with strong winds in the forecast that could make them difficult to contain.
Shares of the utility are on track for their largest daily percentage decrease since March 16, 2020.
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--(BUSINESS WIRE)--Edison International (NYSE: EIX): WHAT: Third Quarter 2024 Financial Results WHEN: 1:30-2:30 p.m. (PDT) NUMBERS: 1-888-673-9780 — for callers in the U.S. 1-312-470-0178 — for international callers PASSCODE: Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through Nov. 11 at 6 p.m. (PDT) at the following numbers: 1-800-391-9853 — for callers in the U.S. 1-203-369-3269 — for international cal.
ROSEMEAD, Calif.--(BUSINESS WIRE)--High school seniors passionate about science, technology, engineering or math (STEM) are encouraged to apply for the Edison scholarship. Today, Edison International opened the application period for its much-celebrated Edison Scholars Program that awards $50,000, paid over four years, to STEM-focused students to pursue their dreams. Each year, the program awards a total of $1.5 million in scholarships to 30 high school seniors who live in Southern California E.
Fully decarbonizing California's electrical grid will require more firm clean power sources, including advanced geothermal and natural gas with carbon capture, Edison International chief executive officer told Reuters on Wednesday.