Edison International Shares Under Scrutiny as Malibu Fire Reaches 3,000 Acres

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Edison International Shares Under Scrutiny as Malibu Fire Reaches 3,000 Acres

Edison International, the parent company of Southern California Edison (SCE), is under scrutiny due to the Franklin Fire in Malibu expanding to 3,000 acres and threatening residential areas. The growth of the wildfire has been attributed to unusual wind conditions in Southern California, which have fueled the flames and worsened the situation.

SCE, a subsidiary of Edison International, has not yet released an Electrical Safety Incident Report (ESIR) related to the ongoing fire. Although the cause of the Franklin Fire has not been officially determined, the role of electrical infrastructure in wildfires has been a concern in the past. Utility companies like SCE are often subject to scrutiny regarding their responsibilities for ensuring safety around power lines and equipment, especially during the high-risk conditions currently affecting Southern California.

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