Edison International Stock Sinks as Los Angeles Wildfires Cause Power Shutoffs

Company Impact - Shares of Edison International (EIX) plunged nearly 13% on Wednesday, leading S&P 500 decliners [2] - The company's shares have fallen into negative territory over the past year due to Wednesday's sharp declines [2] - Edison International's subsidiary, Southern California Edison, was forced to shut off power to nearly 70,000 customers due to wildfires [1][3] Operational Challenges - Southern California Edison reported 107 power outages affecting 69,601 customers [1][3] - This marks the third time in as many months that strong Santa Ana winds have prompted power cuts by Southern California Edison [2] Environmental and Social Impact - At least two people have died due to the Los Angeles-area wildfires [1][3] - Tens of thousands of residents have had to evacuate because of the blazes [3] - The Los Angeles Fire Department warned that extreme winds associated with the Palisades Fire are forecasted to continue [1]