Widespread Power Outages in Southern California Due to Wildfires and Windstorms
Shares of Edison International have plummeted 10% as wildfires rage across Southern California, leading to massive power outages affecting over 400,000 residents. Strong windstorms have compounded the situation, causing significant disruptions and school closures in many areas. Nearly 55,000 SoCal Edison customers remain without power, while additional shutoffs are considered in response to ongoing fire risks. As wildfires multiply, utilities are shutting off power to mitigate risk, with local authorities urging continued preparedness among residents. The situation remains critical as meteorological conditions forecast more gusty winds, potentially exacerbating fire and power outage challenges.
CNBC, KTLA Los Angeles, ABC7 Los Angeles, The New York Times, NBC Los Angeles, Santa Clarita Valley Signal, The Eastsider, Desert Sun, Yahoo Finance, CBS News