EDISON INTERNATIONAL

Citi says Edison International’s (EIX) updated Eaton disclosure preliminarily suggests that Southern California Edison’s transmission equipment likely caused the fire’s ignition. “While not a huge surprise, we view this update slightly negatively,” the analyst tells investors in a research note. Although Edison’s investigation is ongoing and it hasn’t concluded that its equipment caused the fire, it is not aware of evidence pointing to another source of ignition, which led it to conclude that ma

On its earnings conference call, Edison International (EIX) said that absent additional evidence, SCE believes that its equipment “could have” been associated with the start of the Eaton fire, and that it is “probable” that Edison and SCE will incur material losses in connection with the fire. Edison said it remains committed to being transparent throughout the process, but notes “numerous” instances where facts have been misrepresented. Edison said based on the information it has reviewed, it i

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Franklin Managed Income Fund underperformed its benchmark, the Blended 60% Bloomberg US Aggregate Index + 40% MSCI USA High Dividend Yield Index. Read more here.