Reported about 9 hours ago
Edison International's stock rose significantly after company executives reassured investors about their prudent actions regarding the recent Los Angeles wildfires and the availability of a state insurance fund to cover potential claims. CEO Pedro Pizarro emphasized responsible management of the utility's operations despite ongoing investigations into the fires’ causes. The company's shares saw their largest increase in over a month, reflecting investor optimism amidst scrutiny over the utility's equipment's role in the wildfires.
Source: YAHOO