May 16 (Reuters) - Southern California Edison (SCE), a
unit of utility Edison International ( EIX ), said on Friday it
had submitted a three-year wildfire mitigation plan to
California's Office of Energy Infrastructure Safety.
The plan builds on efforts to address immediate and
long-term wildfire risks in response to evolving customer needs
and extreme weather events, SCE said.
The company expects an investment of $6.2 billion over three
years from 2026 to 2028, which includes installation of at least
additional 440 circuit miles of covered conductor and nearly 260
circuit miles of underground distribution lines.
"With drought conditions across the state, we are preparing
for another busy year," said Brian Fennessy, fire chief of the
Orange County Fire Authority.
Southern California Edison has been facing multiple lawsuits
alleging that its electrical equipment started one of the major
wildfires in the Los Angeles area - the Eaton fire.
In April, the utility submitted an initial plan to rebuild
the areas within its service territory that were devastated by
the Los Angeles wildfires, where it estimated the cost to be
between $860 million and $925 million.
"While wildfire risk can never be fully eliminated, we
continue to harden the grid and invest in innovative approaches
to bring us as close to zero as possible," said Southern
California Edison CEO Steven Powell.
The wildfires tore across Los Angeles starting on January 7,
leading to dozens of deaths and destroying thousands of homes.
It is estimated to be the most expensive natural disaster in
U.S. history.
The plan includes safety tools and methodologies, such as AI
and machine learning detection, early fault detection and
alternative undergrounding approaches, SCE said.
Shares of the company slipped nearly 1.6% in extended
trading.