The Eaton Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical lines in the area where the destructive blaze first started, Moody’s Ratings said in a report on Thursday.
Why It’s Important
Fire investigators have not released a cause for the deadly Eaton Blaze, which has burned more than 14,000 acres since starting on Jan. 7. Despite the uncertainty over what caused the disaster, several lawsuits filed against SCE this week accuse equipment owned by the largest Southern California electric utility of sparking the