California's $21B Wildfire Fund Faces Existential Test As Edison Liability Looms: 'Claims May Be Substantial Enough To Fully Exhaust The Fund'
California's $21 billion wildfire insurance fund, created to protect ratepayers and keep investor-owned utilities solvent, could be on the verge of depletion if Southern California Edison, which is owned by Edison International (NYSE:EIX), is found liable for the devastating Eaton Fire in early 2025.
Benzinga ·