Market Chatter: Edison International May Be Able to Seek Damages from California 2025 Fires

MT Newswires Live02-20

Edison International (EIX) may be able to seek most damages related to the 2025 Eaton Fire from California's state-run Wildfire Fund, following a ruling on Thursday by the Los Angeles Superior Court.

Judge Samantha Jessner, in a ruling, favoured business and property owners to proceed with legal claims against the City of Los Angeles and the Los Angeles Department of Water and Power, as it failed to provide adequate water for fighting the Pacific Palisades blaze, the ruling said.

The court overruled the demurrer filed by the City of Los Angeles and the Los Angeles Department of Water and Power and has ordered defendants to file an answer within 30 days of the filed ruling.

Edison International didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 72.31, Change: +2.61, Percent Change: +3.74

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