Edison says probable Edison, SCE will incur losses in connection with Eaton fire

On its earnings conference call, Edison International (EIX) said that absent additional evidence, SCE believes that its equipment “could have” been associated with the start of the Eaton fire, and that it is “probable” that Edison and SCE will incur material losses in connection with the fire. Edison said it remains committed to being transparent throughout the process, but notes “numerous” instances where facts have been misrepresented. Edison said based on the information it has reviewed, it is “confidence” that SCE will make a good faith showing that its conduct with respect to its transmission facilities in the Eaton Canyon area as consistent with actions of a reasonable utility.