logo
California utility creates fund for victims of January's deadly Eaton Fire near LA

California utility creates fund for victims of January's deadly Eaton Fire near LA

Washington Post6 days ago
LOS ANGELES — Southern California Edison announced this week that it will create a fund to compensate victims of January's devastating Eaton Fire near Los Angeles, even as the cause of the blaze that killed 19 people remains under investigation.
The creation of the Wildfire Recovery Compensation Program seems to suggest that the utility is prepared to acknowledge what several lawsuits claim : that its equipmentsparked the conflagration in Altadena.
'Even though the details of how the Eaton Fire started are still being evaluated, SCE will offer an expedited process to pay and resolve claims fairly and promptly,' Pedro Pizarro, chief executive of Edison International, the utility's parent company, said in a statement Wednesday. 'This allows the community to focus more on recovery instead of lengthy, expensive litigation.'
Officials haven't said what caused the fire that destroyed more than 9,400 homes and other structures .
It is not clear how much money the utility will contribute to the fund. A lawsuit filed by Los Angeles County in March claims that costs and damage estimates were expected to total hundreds of millions of dollars, with assessments ongoing.
SCE said the compensation program, which will go into effect this fall, would be open to those who lost homes, rental properties or businesses. It would also cover those who suffered injuries, were harmed by smoke or had family members who were killed.
Among those suing SCE is EJ Soto, whose rental home in Altadena where she grew up was destroyed by flames. She first heard about the fund on the news.
She said she considers the fund's creation as a 'form of admission' from the utility that its equipment caused the inferno. Soto worries that her family will receive 'pennies on the dollar' and said the utility is trying to get out ahead of future lawsuits.
'All our memories are there, places we raised our children. Money won't bring that back. They need to know that our pain is greater than that,' Soto said Thursday.
The SCE payment plan is being created by administrators who helped form similar programs, including the September 11th Victim Compensation Fund of 2001.
LA County previously won more than $64 million in a settlement with Southern California Edison over the 2018 Woolsey Fire . Investigators determined SCE's equipment sparked that blaze, and the utility also paid more than $2 billion to settle related insurance claims.
Utility equipment has sparked some of the deadliest and most destructive fires in state history in recent years.
LA Fire Justice, which advocates for wildfire victims, said in a statement Thursday that the SCE program's creation shows that the utility is prepared to accept responsibility. But the nonprofit said a similar fund by Pacific Gas & Electric following wildfires in Northern California was slow to roll out and inefficient.
'Experience suggests that these direct payments for victims are neither quick, nor easy, nor equitable. PG&E offered a similar program and wildfire victims ended up receiving inadequate compensation, and it didn't happen fast,' said Doug Boxer, an attorney for LA Fire Justice.
Investigators are also working to determine the cause of the Palisades Fire , which broke out shortly before the Eaton Fire and killed 12 people and destroyed thousands of structures in Los Angeles.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Southern California Edison to Launch Eaton Fire Wildfire Compensation Program This Fall
Southern California Edison to Launch Eaton Fire Wildfire Compensation Program This Fall

Yahoo

time2 days ago

  • Yahoo

Southern California Edison to Launch Eaton Fire Wildfire Compensation Program This Fall

Edison International (NYSE:EIX) is among the 13 Best Electrical Infrastructure Stocks to Invest In. A Wildfire Recovery Compensation Program for Eaton Fire victims will be launched by Edison International (NYSE:EIX)'s company, Southern California Edison (SCE), and is anticipated to start this fall. Photo by Matthew Henry on Unsplash The voluntary program covers damages like structural damage, business interruption, smoke, ash, injuries, and fatalities, and seeks to provide prompt, equitable compensation to affected persons and businesses. Nationally renowned compensation fund administration specialists Kenneth Feinberg and Camille Biros are consulting on the initiative's design. Pedro J. Pizarro, president of SCE and CEO of Edison International (NYSE:EIX), pointed out the significance of offering financial assistance prior to the conclusion of the fire investigation so that impacted communities can concentrate on reconstruction. The program will continue to run until 2026 and will not charge administrative, legal, or application expenses. Feinberg and Biros, recognized for their work on the September 11th Victim Compensation Fund, will guide program structure but not claim evaluations. Edison International (NYSE:EIX)'s SCE continues to invest in grid resilience, with 63 miles of undergrounding in Altadena. It is one of the Best Electrical Equipment Stocks. While we acknowledge the potential of EIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Southern California marks 6 months since devastating wildfires
Southern California marks 6 months since devastating wildfires

The Hill

time4 days ago

  • The Hill

Southern California marks 6 months since devastating wildfires

As the death toll from January's historic and devastating Southern California wildfires continues to rise with the discovery of additional human remains, many residents are still struggling to get back on their feet. More than six months later, the public and private resources for the thousands of residents forced to start new lives right after the new year are dwindling. The Palisades and Eaton Fires destroyed about 16,000 homes. Palisades victims are going after the city of Los Angeles in court over the fire response and the lack of water. Eaton victims are targeting SoCal Edison, saying the utility company's equipment may be linked to the start of the fire. Of the 31 people confirmed dead in the blazes, only one other person has yet to be identified. That person's remains were recovered on Jan. 14, on the 600 block of Lomas Avenue in Pacific Palisades. This yet-to-be-identified person has since been added to L.A. County's ongoing list of victims from January's wildfires. The current tally is 31 deaths, including 12 in the Palisades Fire and now 19 in the Eaton Fire. This is the first new wildfire victim located since April 2. The Medical Examiner's Office relies on complex scientific methods to identify human remains, which are typically in poor condition from the fires. Scientists utilize dental records, DNA comparison, radiographs, prosthetic serial numbers and other techniques to identify any remains that come into their possession.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store