1. SCE plans to underground 153 circuit miles to enhance infrastructure resilience. 2. This initiative aims to boost reliability in areas affected by January wildfires.
Investments in infrastructure usually signal a commitment to long-term reliability and safety, potentially boosting investor confidence. Historical cases, such as utilities improving grid reliability post-natural disasters, have led to positive stock performance.
The plan shows proactive measures in improving infrastructure post-wildfires, which is vital for EIX's operational stability and can enhance market perception, impacting stock performance positively.
Undergrounding power lines is a long-term investment in infrastructure that typically results in enhanced service reliability over time, making it favorable for sustained stock performance.