Southern California Edison seeks to recover $1.6 billion of wildfire-related losses
), said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018.
The amount comprises about $1.3 billion of uninsured claims paid till May 31 and $300 million of legal and estimated financing costs. It killed two people and damaged or destroyed more than 1,300 structures. The authorities had blamed the utility's power lines for the fire. In February this year, Southern California Edison agreed to pay the U.S. $80 million to cover costs and damages incurred by the U.S. Forest Service from the fire.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tim Walz visits Southern California for first time as Kamala Harris' running mateMinnesota governor Tim Walz made his first solo appearance to Southern California as Kamala Harris' running mate Tuesday.
Read more »
Three Southern California schools make list ranking nation's top community collegesOrange County schools Irvine Valley College in Irvine and Saddleback College in Mission Viejo were ranked No. 6 and No. 14, respectively, while Riverside County's Moreno Valley College came in at No. 12.
Read more »
2024 the most seismically active year since 1988 after recent earthquakes in Southern CaliforniaSeismologists said Southern California is experiencing increased earthquake activity a day after a 4.4-magnitude earthquake shook homes across LA.
Read more »
Southern California hosted five NFL teams for training campThe Chargers, Rams, Raiders, Cowboys and Saints held training camp within a 102-mile radius this summer.
Read more »
Seismologist warns earthquake activity increasing in Southern CaliforniaAccording to Dr. Lucy Jones, there have been 13 earthquakes in Southern California with magnitudes of 4.0 or greater this year alone.
Read more »
Are more — and bigger — earthquakes hitting Southern California?We’re experiencing more quakes than the average for the past 20 years, but 2024 isn’t out of the ordinary when the past 90 years are taken into account.
Read more »