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Market Chatter: Edison International's SCE Tentatively Not Held Liable for Eaton Fire

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Edison International's (EIX) Southern California Edison was not found legally responsible for a 2025 Los Angeles-area wildfire after a California state judge declined to rule without a trial, Bloomberg reported Tuesday.

Superior Court Judge Laura Seigle tentatively denied a request by insurance companies to hold the utility liable for billions of dollars in property losses under a state law that automatically holds utilities responsible when their equipment starts a fire, according to the report.

The tentative ruling was debated by lawyers at a hearing Tuesday, days after a Los Angeles County Fire Department report concluded the Eaton Fire was caused by electrical arcing events on an out-of-service tower on a dry hillside, the report said.

SCE spokesperson Kathleen Dunleavy said the company is pleased with the tentative ruling, according to Bloomberg.

SCE did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Market Chatter: Edison International's SCE Tentatively Not Held Liable for Eaton Fire | FINWIRES