Southern California Edison sued

Investment Analysis Clubs Macro Economic Trends and Risks
1

Anybody have bankruptcy on their bingo card?

The cities of Pasadena and Sierra Madre are also filing suits against Edison for damages to taxpayer resources and public infrastructure incurred from the Eaton Fire, according to the county.

DB2

2

I think I said that. You had LADWP on your bingo card I believe.

3

I didn’t think LADWP would do the bankruptcy thing because they are city owned, and LA could alway issue bonds to pay for any legal judgments against them.

DB2

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4

But you did put the blame on them and it looks like the blame is going to be on Edison. Rightly or wrongly.

5

Back of January 12th I wrote:
“Power remained on in the high-risk area. SoCal Edison is going to be hurting big time. LDDWP has the city to back it up; I doubt Los Angeles will declare bankruptcy.”

Later on January 14th I wrote:
“My bias is that downed power lines were the cause of most of these LA fires, so perhaps it is showing. The Eaton Canyon fire case for power lines seems pretty strong.”

Later that day you asked:
“Right but if they didn’t start the fire why are we even talking about them?”

To which I replied:
“We are talking about them because downed power lines caused at least some of the wildfires. SoCal Edison will probably have to declare bankruptcy.”

DB2

6

On Jan 11th I wrote:

And then you wrote:

7

True enough, but I didn’t think that the LADWP had bankruptcy on their card (and I still don’t).

DB2

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8

Fair enough and I will have to say you did educate me on the LADWP. I had no idea that they reached out from LA.