Socaledison

Articles from Socaledison

SoCal Edison Confident about Wildfire Readiness, Nagged by Past Uncertainty

Southern California Edison Co. (SCE) is facing the current wildfire season with renewed confidence while sweating out the unknowns of the ultimate financial and legal liabilities of separate 2017 and 2018 wildfires in which the utility has been implicated. Parent company Edison International CEO Pedro Pizarro spoke about both sides of the issue during a…

July 29, 2020

NGI Archives

SoCalEdison Hit with Securities Fraud Suit

Rosemead, CA-based Edison International and its SouthernCalifornia Edison utility were hit with a $2.4 billion securitiesfraud class action federal lawsuit last Monday, alleging thecompanies’ violated parts of the federal securities law by bookingas revenue in the second and third quarters more than $2.3 billionin summer wholesale power costs that have yet to be collected.

November 6, 2000

NGI Archives

SoCalEdison Hit with Securities Fraud Suit

Rosemead, CA-based Edison International and its SouthernCalifornia Edison utility were hit with a $2.4 billion securitiesfraud class action federal lawsuit Monday, alleging the companies’violated parts of the federal securities law by booking as revenuein the second and third quarters more than $2.3 billion in summerwholesale power costs that have yet to be collected.

November 1, 2000