Energy
Edison Rises After Executives Reassure Investors on Wildfires
- Edison confident its conduct before the Eaton Fire was prudent
- Edison has lost one-third of market value since LA fires
Southern California Edison Co. electrical transmission lines in Eaton Canyon after the Eaton Fire in Pasadena, California.
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
Edison International rose the most in more than a month after executives told investors that it thinks it acted prudently around the Los Angeles wildfires and that a state insurance fund would protect its finances.
Shares climbed as much as 7.6% Friday, the most intraday since Jan. 15. The company faced its first death lawsuit related to the fires that week.