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Edison Shares Plunge After Utility Announced Grid Incident Occurred Prior to Start of Woolsey Fire

State Regulators Launch Probe into Cause of Woolsey Fire

Shares of Rosemead-based Edison International fell 12 percent on Nov. 12 after its utility subsidiary Southern California Edison announced that a problem with its transmission grid occurred near the point of origin of the massive Woolsey Fire now burning in Los Angeles and Ventura counties.

The High Cost of California’s ‘New Normal’

Commentary

Damage from the 2017 California wildfire season had an estimated price tag of nearly $180 billion.

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Virgin Hyperloop One Elects Former N.Y. Transit Chief as New CEO

Virgin Hyperloop One, the downtown L.A. company developing a high-speed magnetic levitation transport system, announced Nov. 8 that former New York City transit chief Jay Walder, has been appointed as its new CEO.

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New Business Models Needed for Nonprofits

Commentary

We generally associate words such as “sustainability” and “scale” with the entrepreneurs who power our region’s robust startup and fast-growth companies.

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Information Age Update

Commentary

Perhaps overdue but nonetheless welcome is a recent trend that has brought a significant increase in the quantity and quality of information on the local economy.

Up In Air

Parsons’ Mexico City airport contract could disappear

The fate of a $100 million-plus contract held by Pasadena-based Parsons Corp. to manage the construction of a $13 billion airport in Mexico City has been thrown up in the air

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PAGE 3 | Winning and Losing in Los Angeles

The American Cancer Society was welcomed as guests of the Los Angeles Rams during the team’s contest with the Green Bay Packers

Eagle Crest Project Gets Boost

ENERGY: Federal bill contains provision that could extend key deadline

Eagle Crest Energy Co. Inc., the Santa Monica company seeking to build a $2.5 billion pumped-energy storage project at an abandoned mine near Joshua Tree National Park, received an apparent federal boost last month

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Edison Says Company Equipment Tied to Thomas Fire; Expects 'Material Losses' as Result

Edison International on Oct. 30 revealed that an internal investigation found that its Southern California Edison utility equipment was “associated with” one of the ignition points of the massive Thomas Fire last December and that as a result, the company expects “to incur material losses” in connection with the fire.

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Retail Trends, Downtown’s Future Align

Commentary

The timing for downtown retail couldn’t be better

Facts & Comments

Commentary

Fact: An initiative that has qualified for the 2020 ballot will let California voters decide whether to repeal the terms of Proposition 13 as they apply to commercial properties

PAGE 3: Saban’s Stumble; Martin’s Mudder; Sullivan’s Sign Off

Seems Haim Saban has stumbled again – and it’s notable that the billionaire tends to fall forward.

USC Reaches $215M Settlement in Class Action Arising from Ob-Gyn Sexual Abuse Allegations

USC has reached a $215 million class-action settlement with hundreds of students who had filed a lawsuit alleging they had been sexually abused by a former campus gynecologist.

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LA’s Tight Housing Market Bad for Business

Commentary

Los Angeles faces a reality marked by economic extremes

Of Global Engagement

Commentary

The bitter divide of domestic politics might be enough to blur the accumulating indicators of Los Angeles’ steady rise as a global city.

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