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Southern California Edison and two other companies have paid out $22 million to the U.S. government to settle a lawsuit for their roles in the massive 2016 Rey fire, the U.S. Justice Department ...
State utility regulators will vote Thursday on Southern California Edison's wildfire-mitigation plan, which safety auditors have said does not properly assess the risk of blazes during extreme ...
Southern California Edison (SCE), the largest subsidiary of Edison International, is the primary electric utility company for much of Southern California. It provides 15 million people with electricity across a service territory of approximately 50,000 square miles.
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Under a proposed settlement with the CPUC’s Safety and Enforcement Division, SCE shareholders will pay a $110 million penalty to California’s General Fund, incur a $375 million permanent disallowance for cost recovery, and contribute $65 million in shareholder funds to safety measures, for a total of $550 million. [143]
In 2020, the credit was modified slightly in response to COVID-19.The motivation for the COVID-19 modification was twofold: (1) offsetting the financial impact of predicted increased residential electric bills after the Governor's stay-at-home order was announced on March 19, 2020, and (2) by reducing utility bills, encouraging residential customers to invest in energy efficient and money ...
Rating Action: Moody's assigns (P)Aaa (sf) to Southern California Edison Company's recovery bondsGlobal Credit Research - 02 Feb 2022New York, February 02, 2022 -- Moody's Investors Service (Moody ...
The Tehachapi Energy Storage Project (TSP) was a 8MW/32MWh lithium-ion battery-based grid energy storage system at the Monolith Substation of Southern California Edison (SCE) in Tehachapi, California, sufficient to power between 1,600 and 2,400 homes for four hours. [1]