financetom
Business
financetom
/
Business
/
Fire agencies to investigate potential Edison link to LA Hurst fire
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fire agencies to investigate potential Edison link to LA Hurst fire
Jan 10, 2025 9:24 PM

Jan 10 (Reuters) - Fire agencies are investigating

whether Southern California Edison's utility infrastructure

sparked a brush fire that is still burning in a Los Angeles

suburb, SCE said Friday, adding no determination has been made.

SCE, a unit of U.S. utility Edison International ( EIX ),

said in a filing to its regulators that a downed conductor was

discovered at a tower associated with its Eagle Rock - Sylmar

220 kV circuit.

"SCE does not know whether the damage observed occurred

before or after the start of the fire," the utility said.

SCE said preliminary information shows the circuit

experienced a relay at 10:11 p.m. (0611 GMT) where the Hurst

fire was reported around 10:10 p.m. on Jan. 7.

The Hurst fire, in Sylmar in the San Fernando Valley

northwest of Los Angeles, has exceeded 770 acres and is now 77%

contained, according to the California Department of Forestry

and Fire Protection.

Edison International ( EIX ) did not immediately respond to a

request for comment made via the company website.

SCE on Thursday said it had received notices from insurance

companies to preserve evidence related to the Eaton Fire that is

still burning in Los Angeles, but said no fire agencies have

linked the utility's connection to the fire.

More than 10,000 structures have been destroyed by five

fires raging in the area and nearly 30,000 acres have been

burned.

Private forecaster AccuWeather has estimated the damage and

economic loss at $135 billion to $150 billion, portending an

arduous recovery and soaring homeowners' insurance costs.

(Reporting by Devika Nair in Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cheesecake Factory Earnings Leave Sweet Taste, But Analyst Sees Tariff Trouble Brewing
Cheesecake Factory Earnings Leave Sweet Taste, But Analyst Sees Tariff Trouble Brewing
May 25, 2025
Stephens analyst Jim Salera reiterated the Overweight rating on The Cheesecake Factory Incorporated ( CAKE ) , with a price forecast of $60. On Wednesday, the company reported first-quarter revenues of $927.2 million, up from $891.2 million in the year-ago period. Salera highlighted that the company's strong margin management drove outperformance across restaurant-level margins, adjusted EBITDA, and adjusted EPS. However,...
Analysis-US, Ukraine may wait decade or more to see revenue from minerals deal
Analysis-US, Ukraine may wait decade or more to see revenue from minerals deal
May 25, 2025
LONDON/KYIV (Reuters) -The financial payoff from a new minerals deal between Ukraine and the U.S. is likely to take a decade or longer as investors face many hurdles to getting new mines into production in the war-ravaged country. Developing mines that produce strategically important minerals in countries with established mining sectors such as Canada and Australia can take 10 to...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Cna Financial Insider Sold Shares Worth $297,563, According to a Recent SEC Filing
Cna Financial Insider Sold Shares Worth $297,563, According to a Recent SEC Filing
May 25, 2025
02:47 PM EDT, 05/01/2025 (MT Newswires) -- Dino Robusto, Director, Executive Chairman, on May 01, 2025, sold 6,250 shares in Cna Financial ( CNA ) for $297,563. Following the Form 4 filing with the SEC, Robusto has control over a total of 711,838 common shares of the company, with 711,838 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/21175/000002117525000042/xslF345X05/wk-form4_1746124945.xml Price: 47.65, Change: -0.51,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved