Reported 1 day ago
Bonds associated with Edison International weakened due to increased wildfire risks in the Los Angeles area, leading investors to perceive higher chances of the utility company facing financial difficulties. As the wildfires intensified, Southern California Edison shut off power to approximately 136,000 customers and warned that more may be affected if winds escalate. The situation has raised concerns over the potential impact on utility profits and the need for further borrowing to manage infrastructure and settlement claims.
Source: YAHOO