May 17, 2019
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Utility's parent company plans $5B annual investment
Rosemead-based Edison International recently completed a private placement of common shares worth $800 million, with proceeds destined for the company’s mandated wildfire fund contribution and other infrastructure investments for its Southern California Edison utility subsidiary.
Southern California Edison, the utility subsidiary of Rosemead-based Edison International, agreed to pay $360 million to settle wildfire and mudslide claims from 23 public agencies.
Chief Executive, Edison International