A law firm suing Southern California Edison released an edited video that it says appears show the start of the deadly Eaton Fire in Altadena.
Edison International (EIX) stock declined nearly 2% in mid-day trading Monday following a report from Bloomberg Law detailing a lawsuit alleging the company’s Southern California utility equipment sparked the deadly Eaton fire.
Investigators are still trying to determine what started a fire that raged through Altadena, Calif. A new video appears to show sparking on a power line near the origin of the blaze.
Southern California Edison discovered signs of an encampment about 300 yards from the spot where the Eaton fire is suspected to have started.
A group of Altadena residents are suing Southern California Edison over the deadly eaton fire that has burned thousands of buildings, including homes and schools.
Shares of Edison International's ( EIX, Financials) subsidiary, Southern California Edison Company, fell by 1.9% on Monday to $57.74 at 1:14 p.m. GMT-5 following the company's detailed report to the California Public Utilities Commission regarding the Eaton Fire that erupted near Eaton Canyon in Altadena on Jan. 7.
Lawsuits filed against Southern California Edison for the devastating Eaton wildfire that destroyed thousands of structures and caused deaths.
Containment of the Eaton fire grew to 81% Sunday up overnight from 73%, as firefighters, aided by water-dropping helicopters, continued extinguishing hot spots in steep, inaccessible canyons near Winters Creek, Mt. Lowe and Mt. Wilson. The fire has burned 14,117 acres in Altadena and Pasadena since Jan. 7, leaving at least 17 people dead.
Leaders and residents share a mix of disappointment, hope and support as President Trump did not visit the Eaton fire’s Altadena and Pasadena destruction.
Homeowner, Totress Beasley, had just made her final payment on her Pasadena home days before it was destroyed in the Eaton fire.
Edison says current increase "remained within the design limits and operating criteria" for the circuits and "did not trigger system protection on these lines."
A California couple's Ring video doorbell captured their harrowing escape as the Eaton Fire approached their Altadena home.