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Hundreds of lawsuits have been filed against Southern California Edison seeking damages from the Woolsey Fire last fall.

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Edison to Issue $2.7B in New Stock with Nearly Half Going Towards Wildfire Fund

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.

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Gov. Signs Bill Requiring Utility Customers to Pay Billions into Wildfire Fund

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.

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