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MarketScreener Homepage  >  Equities  >  Nyse MKT  >  Southern California Edison Co.    SCE.PRE

SOUTHERN CALIFORNIA EDISON CO.

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Report: Power lines sparked massive Southern California fire

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03/13/2019 | 05:08pm EDT

LOS ANGELES (AP) — One of the largest fires in California history was sparked by Southern California Edison power lines that came into contact during high winds, investigators said Wednesday.

The resulting arc ignited dry brush on Dec. 4, 2017, starting the blaze in Ventura and Santa Barbara counties that resulted in two deaths and blackened more than 440 square miles (1,139 square kilometers), according to the investigation headed by the Ventura County Fire Department.

The arc "deposited hot, burning or molten material onto the ground, in a receptive fuel bed, causing the fire," said a statement accompanying the investigative report.

Investigators said the Thomas fire first began as two separate blazes started about 15 minutes apart that joined together. They determined Southern California Edison was responsible for both ignitions.

SCE acknowledged its equipment likely sparked one of the two fires but said evidence suggested it wasn't responsible for the other.

"The report does not suggest this evidence was considered," Edison said in a statement Wednesday. "SCE also is not aware of any basis for criminal liability."

The fire destroyed more than 1,000 structures before it was contained 40 days after it began near the city of Santa Paula. A firefighter and a civilian were killed.

A month after the blaze started, a downpour on the burn scar unleashed a massive debris flow that killed 21 people and destroyed or damaged hundreds of homes in the seaside community of Montecito. Two people have not been found.

The investigation was conducted by fire officials in both counties along with the California Department of Forestry and Fire Protection.

Victims said in lawsuits that losses from the blaze and flooding were due to negligence by SCE, which has said it will work with insurance companies to handle the claims. The utility is protected from going bankrupt over the disasters, thanks to a law signed last year that passes excess liability costs on to utility customers.

In Northern California, Pacific Gas & Electric Corp. filed for bankruptcy in the face of billions of dollars in potential liability from huge wildfires in that part of the state over the past two years. A blaze in November killed 85 people and destroyed most of the town of Paradise.

Follow Weber at https://twitter.com/WeberCM

This story has been corrected to state that 85, not 86, people were killed in the Northern California wildfire.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

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Southern California Edison Co. Technical Analysis Chart | MarketScreener
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Managers
NameTitle
Kevin M. Payne Chief Executive Officer & Director
Ronald Owen Nichols President
Paul J. Grigaux VP-Transmission, Substations & Operations
William M. Petmecky Chief Financial Officer & Senior Vice President
Todd L. Inlander Chief Information Officer & Senior Vice President
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