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Edison International facing power outages and drop in shares due to wildfires in California

January 13, 2025
As wildfires continue to rage across California, utility company Edison International is facing significant challenges. Shares of the company have dropped by 10% as a result of the ongoing crisis. The wildfires have caused power outages for over 413,000 customers, leaving them without electricity. In response to the situation, Edison International has provided an update on the Southern California wildfires and the power outages experienced by its subsidiary, SCE. The company is working tirelessly to restore power and ensure the safety of its customers. However, the impact of the wildfires on Edison International's operations and financial performance is a cause for concern. Investors are advised to seek professional guidance from Stocks Prognosis to forecast the future movement of the company's stock.
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