Edison International's stock fell over 10% due to wildfires impacting over 70,000 customers.

Edison International's stock plummeted over 10% as wildfires swept through Southern California, affecting over 70,000 of its customers who were left without power. Though not linked to causing the fires, concerns about potential liability and financial impacts similar to those faced by PG&E in 2019 have affected investor sentiment. A 2020 state law aims to limit utilities' wildfire liabilities.

3 months ago
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