Southern California Edison submits three-year wildfire mitigation plan
May 16 (Reuters) - Southern California Edison (SCE), a unit of utility Edison International (EIX.N), opens new tab, said on Friday it has submitted a three-year wildfire mitigation plan to California's Office of Energy Infrastructure Safety.
The plan builds on efforts to address immediate and long-term wildfire risks in response to extreme weather events, SCE said.
Southern California Edison has been facing multiple lawsuits alleging that its electrical equipment started one of the major wildfires in the Los Angeles area – the Eaton fire.
In April, the utility had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles wildfires.
The wildfires tore across Los Angeles starting on January 7, leading to dozens of deaths and destroying thousands of homes. It is estimated to be the most expensive natural disaster in U.S. history.
The company expects an investment of $6.2 billion over three years from 2026 to 2028 to achieve the plan.
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Times
18 minutes ago
- Times
Rangers ready to set out on rocky road to redemption
Either side of lunchtime on Monday, Rangers' new American owners will tighten their grip and loosen their tongues. At the DoubleTree by Hilton hotel in Glasgow many of the club's shareholders will file in for an extraordinary general meeting to empower their new leaders to deliver something which would actually feel extraordinary, namely turning the Old Firm balance of power on its head after years of subjugation by Celtic. They will vote for a £20million share issue — underwritten by Andrew Cavenagh, 49ers Enterprises figurehead Paraag Marathe and the rest of their USA-based consortium — and regard it as taking off the handbrake. It also will be the day when the minority shareholders put all their eggs in one basket when it comes to the Americans. The consortium has control, having secured 51 per cent of the shareholding last month, and that will be consolidated at this EGM. Those who sold to them have pre-agreed to support what they wish to do tomorrow. Rangers' updated articles of association mean the consortium can appoint up to six of the nine-person board of directors, and that only they can bring in substantial new shareholders. Only the majority shareholder will be allowed to transfer shares to a 'competitor' if that would mean the competitor had more than five per cent of the stock. No power block could be built without American approval, in other words. Rangers also will be re-registered as a private limited company, which has interesting implications for how transparent and accountable the Americans wish to be. There is no statutory requirement for a private company in the UK to have annual general meetings and holding them will be at Cavenagh and his consortium's discretion. In terms of perception it would be sensible if they did, and made themselves answerable, given the reliance on the income streams provided by the minor shareholders and the wider fanbase. None of this is to imply any ulterior motives. Plenty of Rangers fans will be content to accept all of this as evidence of businessmen who know their own minds, their direction and their modus operandi, and who intend to run the club with minimal distraction and exterior noise. They outlined their vision and their intentions to all of the previous shareholders they bought out one by one, all of whom had the club's best interests at heart and none of whom — as far as we know — saw any reason to have reservations about ceding control. Those at the EGM will hear from Cavenagh and Marathe, the new Rangers chairman and vice-chairman respectively, before the pair meet the media for the first time, later in the day at Ibrox. It will be interesting to finally hear from them. One of the narratives, perhaps, will be dealing with growing impatience and restlessness among supporters about the lack of successful transfer market business. Are Rangers ready for the challenges which are about to come rushing at them? Right now, clearly not. The players return to pre-season training tomorrow and Russell Martin's first competitive game as head coach may be as soon as 30 days away, and 31 at the most. Within the next 70 days his embryonic team will play 11 competitive matches including six European legs and an Old Firm game. So far only one first team friendly, against Club Brugge on July 6, has been announced ahead of Panathinaikos arriving at Ibrox in the Champions League two and a half weeks later. For Rangers to reach the group stage, with its transformative riches, they will have to navigate six consecutive midweek qualifiers. Celtic face only two. So far there has been only one new arrival, Lyall Cameron, signed three weeks before the previous manager was sacked in February. On Friday Martin told Sky Sports he expected to have 'a few more' before Panathinakos although those who are fretful about the lack of activity would not have been reassured by his comment about being excited by the sort of player 'we're starting to look at'. Only starting now? Rangers do not move fast. Concluding the consortium's takeover took months. Replacing Philippe Clement with Martin took months. Rebuilding the squad is taking longer than many would like. Scottish football is second to none when it comes to regular bouts of bedwetting about perceived lack of transfer activity at one club or another. Cavenagh in particular — given that Marathe is Leeds United's chairman and so knows how British football works — may be surprised at the hyperventilating on the matter. 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Daily Mail
2 hours ago
- Daily Mail
FLOURISHING AFTER 50: My son, his partner and their kids have moved in with us to save - but now they want our money as well
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The Sun
2 hours ago
- The Sun
Huge carmaker ‘may sell iconic luxury motor brand' as sales dive and new CEO takes charge
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