Sarat Sethi, managing partner at DCLA, joins CNBC's 'Halftime Report' to explain why he's selling Edison International.
TEMECULA, CA—Repairs to an exploded Southern California Edison electrical vault continued into Thursday in a North Temecula neighborhood. According to a Southern California Edison spokesperson, roads remained closed to through traffic amid extensive repairs. According to the Riverside County Sheriff's Department Southwest Sheriff's Station, Nicolas Road would remain closed between Calle Medusa and Joseph Road through Thursday and likely into Friday morning. "We ask that drivers plan alternate routes and exercise caution in the surrounding areas as we work to ensure safety and restore service," a RivCo Sheriff's spokesperson said over social media. Shortly before 2 p.m. Wednesday, a Southern California Edison underground cement vault exploded for unclear reasons. According to SCE spokesperson Jeff Monford, the restoration to power in the neighborhood took place in under three hours, as the utility rerouted power through switches in the power grid, he said. The work on the electrical vault is ongoing, and no immediate repair estimate was given. "We remain focused on repairs," Monford said. No injuries were reported from the incident. As of 10:30 a.m, Thursday, road closures remain in place on Nicolas Road, between Calle Medusa and Joseph Road, according to the Southwest Station deputies. "It may take up to 24 hours to reopen," they said. "We apologize for the inconvenience. Stay safe, Temecula." According to Cal Fire/Riverside County Fire Department, witnesses saw "smoke lifting from cracks in the asphalt from the underground electrical vault" when the explosion occurred.
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Edison International ("Edison International") (NYSE:EIX) concerning possible violations of federal securities laws. On January 12, 2025, the Los Angeles Times published an article, "Officials investigating whether Southern California Edison equipment ignited Hurst fire.
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Edison International ("Edison International") (NYSE:EIX) concerning possible violations of federal securities laws. On January 12, 2025, the Los Angeles Times published an article, "Officials investigating whether Southern California Edison equipment ignited Hurst fire.
Edison International EIX shares are trading higher on Wednesday. Brokerage firm Ladenburg Thalman upgraded the stock from Sell to Neutral.
LOS ANGELES, CA / ACCESSWIRE / January 15, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Edison International ("Edison" or "the Company") (NYSE:EIX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Edison International ("Edison" or "the Company") (NYSE:EIX). Investors who purchased Edison securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EIX.
LOS ANGELES, CA / ACCESSWIRE / January 14, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Edison International ("Edison" or "the Company") (NYSE:EIX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
NEW YORK, NY / ACCESSWIRE / January 14, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Edison International ("Edison" or "the Company") (NYSE:EIX). Investors who purchased Edison securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EIX.
Edison International Inc. President and CEO Pedro Pizarro says one set of transmission distribution lines near the origin point of the Eaton Wildfire in Los Angeles were "de-energized" before the reported start of the fire. He also says there have been no indications of any electrical anomaly ahead of the fires.
Pedro Pizarro, Edison International CEO, discusses if a downed power line was a potential cause of the fires in California and a possible timeline for power restoration.
The lawsuit is on behalf of a group of homeowners, renters, business owners and others with properties destroyed by the Eaton Fire in the Pasadena area, Bloomberg reported.