July 12, 2019
Hundreds of lawsuits have been filed against Southern California Edison seeking damages from the Woolsey Fire last fall.
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Rosemead-based Edison International announced July 25 that it will issue $2.7 billion in new stock by the end of the year as part of a $4.9 billion finance plan. Roughly half the money will go into a wildfire fund recently authorized by the state.
A bill signed into law July 12 by Gov. Gavin Newsom will require Southern California Edison customers to pay more than $3 billion toward a wildfire fund over the next 15 years.