From Quiver Quantitative: 2025-05-24 01:58:00

Southern California Edison (SCE) has reached an $82.5 million settlement with the U.S. Forest Service for the 2020 Bobcat Fire, one of the largest wildfires in Los Angeles County history. The settlement compensates for firefighting expenses and environmental restoration costs. The lawsuit accused SCE of negligence, alleging that a neglected tree branch touching power lines sparked the fire. While SCE has not admitted fault, the settlement highlights the growing scrutiny on utility companies for wildfire prevention measures. This settlement may lead to increased regulatory focus on infrastructure maintenance and higher litigation costs for utilities facing climate-related events.



Read more at Quiver Quantitative: Wildfire Damages Prompt $82.5 Million Payout by Southern California Edison (EIX)