• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Southern California Edison sued over role of equipment in LA wildfires

by January 13, 2025
written by January 13, 2025

(Reuters) -Southern California Edison, a unit of utility firm Edison International (NYSE:EIX), on Monday was sued on claims that its electrical equipment started one of the major wildfires raging in the Los Angeles area, according to court filings.

At least 24 people have died in the fires that began last Tuesday, and more than 150,000 residents have been forced to flee their homes. More than two dozen people are reported missing, authorities said.

The lawsuit, filed in a Los Angeles Superior Court, is on behalf of a group of homeowners, renters, business owners and others with properties destroyed by the Eaton (NYSE:ETN) Fire in the Pasadena area.

The Eaton Fire in the foothills east of Los Angeles has scorched roughly 14,117 acres (57 sq km) or 22 square miles, nearly the size of Manhattan. That fire is the second most destructive inferno in California history, according to the suit.

The suit claims multiple eyewitnesses observed a fire at the base of a transmission tower owned by Southern California Edison (SCE). Some of those witnesses posted videos of the incident on their social media accounts.

Edison International’s shares were down nearly 12% to $57.24 on Monday. They have declined by about 27% since the fires broke out last week.

The unit, Southern California Edison (SCE), did not immediately respond to a Reuters request for comment.

The subsidiary, on Jan. 9 and 10, filed safety incident reports on the Eaton and Hurst fires respectively.

SCE said it has received notices from insurance companies to preserve evidence related to the Eaton Fire, adding the fire could allegedly be attributable to its utility facilities, which prompted it to release its Jan. 9 report.

It also added that no fire agency had suggested its electric facilities were involved in the ignition of the fires.

However, a day later in the Hurst report, the company noted they found a downed conductor in the area but did not know if the damage occurred before or after the start of the fire.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Brazil’s Nubank partners with convenience store Oxxo to expand in Mexico
next post
Arm Holdings plans price hike, considers own chips – Reuters

You may also like

Adani, Ambani news units sue OpenAI over copyright,...

March 13, 2026

China’s DeepSeek sets off AI market rout

March 13, 2026

BASF results down on impairments, restructuring

March 13, 2026

Nasdaq futures tumble as China’s AI push rattles...

March 13, 2026

European chipmakers slump as traders gauge DeepSeek AI...

March 13, 2026

Fuji Media, rocked by sexual misconduct allegations, says...

March 13, 2026

China Vanke’s CEO, chairman resign amid growing liquidity...

March 13, 2026

Italy’s MPS shares fall ahead of Mediobanca board...

March 13, 2026

UMG shares rally after new multi-year pact with...

March 13, 2026

British Land stock drops following stake sale

March 13, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Trump administration alleges Nike discriminated against white workers

      March 13, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      March 13, 2026
    • Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy

      March 13, 2026
    • Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets

      March 13, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (690)
    • Stock (6,426)

    Latest News

    • Trump administration alleges Nike discriminated against white workers
    • Landmark trial accusing social media companies of addicting children to their platforms begins

    Popular News

    • Biogen cut at Jefferies as ‘2025 has a tough setup’
    • Vaccine stocks drop as Trump picks RFK Jr for US health job

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy