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 >
BMO Reviews EQB's Q3, Says
BMO Reviews EQB's Q3, Says "Focus Remains on Credit Quality"
Sep 1, 2024
11:30 AM EDT, 08/30/2024 (MT Newswires) -- As EQB works through loan resolutions in equipment finance and commercial mortgage lending combined with a normalizing monetary policy, higher provisions for credit losses could remain topical for another quarter while fiscal 2025 looks more constructive, writes BMO analyst Etienne Ricard. We rate EQB Outperform and view the stock's 1.2x book valuation as...
99 Acquisition Says Merger Agreement With Nava Health MD Terminated
99 Acquisition Says Merger Agreement With Nava Health MD Terminated
Sep 1, 2024
11:56 AM EDT, 08/30/2024 (MT Newswires) -- 99 Acquisition ( NNAG ) said Friday that its planned business combination agreement with Nava Health MD has been terminated. 99 Acquisition ( NNAG ) said in a regulatory filing that it will pay Nava $300,000 as reimbursement of Nava's transaction costs. ...
Meta Platforms Insider Sold Shares Worth $5,529,788, According to a Recent SEC Filing
Meta Platforms Insider Sold Shares Worth $5,529,788, According to a Recent SEC Filing
Sep 1, 2024
03:12 AM EDT, 08/29/2024 (MT Newswires) -- Mark Zuckerberg, 10% Owner, Director, Chair of Board and Chief Executive Officer, on August 27, 2024, sold 10,632 shares in Meta Platforms ( META ) for $5,529,788. SEC Filing: https://www.sec.gov/Archives/edgar/data/1326801/000095010324012760/xslF345X05/dp217187_4.xml Price: 512.50, Change: -4.28, Percent Change: -0.83 ...
Samsara Insider Sold Shares Worth $4,025,447, According to a Recent SEC Filing
Samsara Insider Sold Shares Worth $4,025,447, According to a Recent SEC Filing
Sep 1, 2024
03:21 AM EDT, 08/29/2024 (MT Newswires) -- John Bicket, 10% Owner, Director, Executive Vice President, Chief Technology Officer, on August 27, 2024, sold 96,000 shares in Samsara (IOT) for $4,025,447. Following the Form 4 filing with the SEC, Bicket has control over a total of 2,026,836 shares of the company, with 386,796 shares held directly and 1,640,040 controlled indirectly. SEC...
Copyright 2023-2026 - www.financetom.com All Rights Reserved