Shares of California utility Edison International drop more than 10% as wildfire rages

A palm tree burns as powerful winds fueling devastating wildfires in the Los Angeles area force people to evacuate, at the Eaton Fire in Altadena, California, U.S. Jan. 8, 2025.Fear and uncertainty surrounding the wildfires in California appear to be weighing on shares of Edison International , whose Southern California Edison is the power utility for the areas directly surrounding the city of Los Angeles.The drop comes as multiple large fires are burning around Los Angeles, with strong winds in the forecas ...