Shares of Edison International plummeted Wednesday as its Southern California Edison subsidiary was forced to shut off power to thousands of customers because of the Los Angeles-area wildfires.

Hueston Hennigan partners Douglas Dixon, in Newport Beach, and Brittani Jackson, in Los Angeles, appeared at a Tuesday hearing for Southern California Edison.

As of late last week, investigations were under way into whether equipment owned and operated by Southern California Edison, the utility subsidiary of

The catastrophic wildfires in Los Angeles County have rocked the stock of Edison International, the parent company of Southern California Edison.

Two lawsuits, filed on Monday in Los Angeles Superior Court, allege Edison's failure to maintain vegetation and de-energize transmission poles caused the Eaton fire in Los Angeles.

Edison International (EIX) plunged more than 14% in mid-day trading Monday, hitting its lowest level in over two years, after CEO Pedro Pizarro said the company could not “rule out” the possibility that its infrastructure played a role in sparking wildfires currently burning near Los Angeles.

Southern California Edison, a unit of utility Edison International, was hit by multiple lawsuits on Monday claiming its electrical equipment started one of the major wildfires currently raging in the Los Angeles area,

The L.A.-area fires may pose the first big test of California’s wildfire fund, which was set up in 2019 to protect utilities from bankruptcy.

The onslaught of wildfires in Los Angeles and surrounding southern California communities has caused a dramatic drop in the stock of Edison International, the utility that serves much of the affected area, affecting the utility’s 401 (k) plan investors who hold company stock.

Southern California Edison, the electrical utility for Los Angeles, has been sued for its alleged role in starting one of the raging Los Angeles fires that have collectively killed at least 24 people and displaced tens of thousands of people from their homes.

Southern California Edison announced that its grid experienced a "short circuit" just after 10 p.m. on Tuesday night - which is when the Hurst Fire began

Around 278,150 Californian homes and businesses were without electricity on Friday morning in Southern California Edison's service area, as multiple wildfires continued to rage uncontrollably around Los Angeles.