Feb 27 (Reuters) - California's wildfire fund may shield Edison International's balance sheet if equipment owned by the power company's southern California electric utility is found to have caused a deadly Los Angeles fire last month, executives with the company said on Thursday.
Southern California Edison, which is one of the state's largest power utilities, is facing a swelling number of lawsuits claiming its power lines caused the Eaton Fire, which contributed to one the country's most costly natural disasters.
While no official cause for the fire has been determined, SCE will likely begin burying more lines underground as a wildfire mitigation effort, Edison executives said on a conference call with investors.
(Reporting by Laila Kearney; Editing by Leslie Adler)
((Laila.kearney@thomsonreuters.com; (917) 809-0054;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.