The insurance company requested to preserve evidence, but Edison International (EIX.US) denied that its subsidiary was related to the Los Angeles brush fire.
Southern California Edison (SCE), a subsidiary of Edison International (EIX.US), said on Thursday that it has received notice from insurance companies requesting the preservation of evidence related to the ongoing Eaton Fire in Los Angeles.
U.S. utility company Edison International (EIX.US) subsidiary Southern California Edison (SCE) said on Thursday that it has received notice from an insurance company to preserve evidence related to the ongoing Eaton Corp. Plc fire burning in Los Angeles, but stated that no fire department has indicated the utility company's involvement in the fire.
The company stated that it submitted documents to regulatory agencies because some publications online "seem to imply" that the group's equipment may be related to the fire.
"So far, no fire department has indicated SCE's power facilities are involved in the ignition event, nor have any requests been made to remove or retain any SCE equipment," it said.
The utility company added that based on its preliminary analysis, no interruption or anomaly in the power lines was discovered until over an hour after the reported fire occurred. "Other than the preservation notice suggesting SCE may have been involved and the extensive media coverage of the fire, we believe this incident does not meet the reporting requirement."
Two large wildfires, the Palisades Fire located on the west side of the city between Santa Monica and Malibu, and the Eaton Corp. Plc fire near Pasadena in the east, have already consumed over 34,000 acres (13,750 hectares) of land and resulted in the deaths of 10 people.
The wildfires have destroyed over 10,000 homes and other structures, making it one of the most destructive fires in Los Angeles history.
Private forecasting agency AccuWeather estimates the losses and economic damages to be between $135 billion and $150 billion, indicating that recovery will be extremely challenging and homeowners' insurance costs will also soar.
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