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EIX
CNBC
194 days

Southern California Edison acknowledges videos suggest link between equipment and Eaton fire

1. Edison acknowledges videos suggest equipment link to Eaton Fire. 2. Eaton Fire burned 14,000 acres; SCE investigating cause. 3. No confirmed evidence linking SCE equipment to fire yet. 4. SCE believes its equipment may have sparked the smaller Hurst Fire. 5. Edison shares traded 1% lower amid fire concerns.

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FAQ

Why Bearish?

Investor confidence may wane due to potential fire liability. Similar past incidents negatively impacted stock prices.

How important is it?

Ongoing investigations and potential liabilities could have significant impacts on EIX's operations.

Why Short Term?

Immediate concerns regarding liability and fines could affect stock performance quickly.

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