To the editor: Southern California Edison gear is answerable for beginning the Eaton fireplace (“Edison tower caused deadly Eaton fire that devastated Altadena, long-awaited investigation finds,” Aug. 4). To date, the corporate has paid out $314 million to victims. There will probably be extra authorized prices to come back.
What this implies is Edison will probably be making use of to the Public Utility Fee for a charge enhance as a result of its working bills have gone up.
Right here’s what needs to be accomplished: Prohibit Edison Worldwide (EIX), dad or mum of Southern California Edison, from passing the sufferer funds onto ratepayers; no dividend cost on EIX inventory at present at 4.7%; and all authorized funds have to come back from Edison’s web revenue of $4.7 billion (fiscal year 2025) and retained earnings of $11 billion (2026).
Edison clients shouldn’t must pay for poor administration efficiency.
And yet another factor: no annual remuneration enhance for 5 years for high administration.
Andrew Ko, Glendale
..
To the editor: Any enterprise having been answerable for the loss of life and destruction within the Thomas, Woolsey and Eaton fires ought to by now have been shut down and despatched to receivership with its executives fired and its property seized. That this has not been the case with Southern California Edison is as legal because the acts themselves.
Invoice Waxman, Simi Valley
