Edison Equipment Tied to Deadly 2018 Blaze Near Los Angeles

(Bloomberg) — Edison International said its equipment has been identified as the cause of one of the most destructive fires in California history, which killed three people and burned parts of Malibu.County fire officials have determined that the Woolsey Fire, which raged for weeks in Los Angeles and Ventura counties in November 2018, was sparked by the utility’s electrical equipment, Edison Chief Executive Officer Pedro Pizarro said in a call with investors on Tuesday. The company had previously taken a $4.7 billion charge in connection to wildfires in 2017 and 2018, and said on Tuesday that it doesn’t anticipate the …read more

Source:: Yahoo Finance


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