S&P Global Platts: SoCal Ed Says Power Shutoffs Necessary, But Not Always Effective
October 30, 2019
October 30, 2019
HOUSTON, Texas, Oct. 30 -- S&P Global Platts, a subsidiary of S&P Global, issued the following news:
Edison International, whose utility subsidiary Southern California Energy has been following a power shutoff plan over the past few days as firefighters have fought wildfires in its service territory, told analysts it is seeking a revenue requirement increase in a rate case and will be spending $4.1 billion on wildfire mitigation out of a $25.6 billion five-year capital spend . . .
Edison International, whose utility subsidiary Southern California Energy has been following a power shutoff plan over the past few days as firefighters have fought wildfires in its service territory, told analysts it is seeking a revenue requirement increase in a rate case and will be spending $4.1 billion on wildfire mitigation out of a $25.6 billion five-year capital spend . . .