New Yorkers face a 10.4% increase in Con Edison rates over three years
Con Edison Rate Increases Approved in New York People in New York are feeling the pinch again. Utility regulators in the state have approved rate hikes for Con Edison, affecting both electric and gas services, amounting to a 10.4 percent increase over the next three years—just when residents are already stretched thin. Starting January 1, […]
Government files lawsuit against SoCal Edison for $77M in damages, alleging negligence that led to California fires.
DOJ Files Lawsuits Against Southern California Edison Over Wildfires The Department of Justice (DOJ) has launched two lawsuits against Southern California Edison (SCE), accusing the utility of negligence linked to two major wildfires: the Eaton Fire in January 2025 and the Fairview Fire in September 2022. These fires have collectively resulted in at least 21 […]
Government files lawsuit against Southern California Edison, claiming equipment caused Eaton Fire that resulted in 17 fatalities in Los Angeles region.
Federal Lawsuits Filed Against Edison for Wildfire Damages The federal government has initiated two lawsuits against Southern California Edison, asserting that the company’s equipment was responsible for multiple wildfires, including the January Eaton fire in the Los Angeles area. This fire resulted in the destruction of over 9,400 structures and the loss of 17 lives. […]
SoCal Edison Proposes Compensation to Eaton Fire Victims to Sidestep Lawsuit
In an effort to avoid lengthy court battles, Southern California Edison is reportedly offering compensation to residents of Altadena and North Pasadena whose homes have suffered damage or destruction due to the Eaton Fire. The Eaton Fire broke out on January 7, coinciding with the Palisade Fire. It’s widely believed that faulty wiring played a […]
S&P 500 Today: Edison International Shares Drop Due to Analysts Highlighting Liability Risk
Stock Market Update The stock market showed mixed results on Monday as investors were closely monitoring developments in US-China trade negotiations. The S&P 500 edged up by 0.1% on June 9th, with hopes rising for a potential trade ceasefire between the US and China following the launch of discussions. Semiconductor stocks received a boost due […]
Los Angeles County Sues SoCal Edison over Start of Eaton Fire
Los Angeles County officially sued Southern California Edison on Wednesday, claiming its power line caused the spark that sparked the Eton fire on Jan. 7. Los Angeles Times It has been reported: The lawsuit is the latest to claim that Edison's equipment caused flames, destroying around 9,000 homes, killing 17 people, and becoming one of […]
Southern California Edison sued by LA County, Pasadena alleging equipment sparked one of California’s worst wildfires
Los Angeles County and the city of Pasadena, along with other public agencies, filed a lawsuit against Edison International and its subsidiary Southern California Edison (SCE) on Wednesday, claiming its role in igniting one of California's worst wildfires. One of the major fires that began in the hills eastern in Los Angeles in early January, […]
Hochul blasts Con Edison over ‘shocking’ rate hikes
The fever is Hotulle. Gov. Kathy Hochul hit Con Edison's plan to hike gas and electricity bills for locals tapped out on Tuesday, but critics have found several solutions to stop the bill's surge Zapped her for providing a plan. Democrats held a press conference in their Manhattan office after winning several days of anger […]
Edison utility’s equipment blamed for helping start LA wildfires in property owners’ suit
Edison International's Southern California power company has been hit with a lawsuit after the energy provider's equipment caught fire during one of California's wildfires, Bloomberg News reported Monday. The fires, which started last Tuesday, have killed at least 24 people and forced more than 150,000 residents to evacuate their homes. Officials say more than 20 […]