A federal lawsuit has been filed against Edison International, claiming the utility misled investors regarding its wildfire risk reduction efforts prior to the fatal Eaton fire. The lawsuit cites previous regulatory statements made by Edison that allegedly exaggerated the effectiveness of its measures, including inspections and tree trimming, which reportedly reduced wildfire risks by over 85%. Following the Eaton fire, which caused significant loss of life and property, concerns were raised about Edison's misrepresentation of its equipment's role in igniting the fire. The investigation into the fire's cause is ongoing.
The utility made repeated statements in federal regulatory reports, claiming it had reduced the risk of catastrophic wildfire by over 85% since 2018.
The lawsuit claims Edison misled investors about its wildfire risk reduction efforts before the devastating Eaton fire, which killed 18 people.
Edison International's CEO stated the likely cause of the Eaton fire was the reenergizing of an outdated transmission line.
The lawsuit accuses Edison of making false statements regarding its involvement and responsibility for the Eaton fire's ignition.
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