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Edison Says Equipment May Have Partly Sparked California Wildfire

Oct. 30, 2018, 9:58 PM

Edison International says some of its equipment was likely one of the triggers behind the second-largest wildfire in California history, which raged north of Los Angeles in December.

Edison expects “to incur a material loss” from the blaze, and its Southern California Edison unit’s $1 billion in wildfire-specific insurance coverage “may not be sufficient to cover all such damages” if it’s blamed for a significant portion of the destruction, according to an Oct. 30 regulatory filing. It didn’t provide an estimate for its potential liability.

Investors have been awaiting reports from the California Department of Forestry and Fire Protection, known ...