ESG & Investing

Edison International’s Stocks, Bonds Fall Amid LA Wildfire

Bonds tied to utility weaken across the curve Wednesday
Company’s stock fell 10%, the lowest since March 2020

Firefighters battle flames from the Palisades Fire in the Pacific Palisades neighborhood of Los Angeles, on Jan. 7.Photographer: David Swanson/AFP/Getty Images

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Olivia Raimonde and Will Kubzansky

January 8, 2025 at 5:29 PM UTC

Updated on

January 8, 2025 at 9:52 PM UTC

This article is for subscribers only.

Edison International’s shares and bonds fell on Wednesday as a wildfire raged across the Los Angeles region, close to areas served by the company’s utility unit.

The shares plunged 10%, the most since March 2020. The company’s stock was the worst performer in the S&P 500 Utilities Index on Wednesday, with the broader gauge ending the session little changed.