Advertisement
UK markets closed
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     
  • AIM

    789.87
    +6.17 (+0.79%)
     
  • GBP/EUR

    1.1631
    +0.0020 (+0.17%)
     
  • GBP/USD

    1.2530
    +0.0006 (+0.05%)
     
  • Bitcoin GBP

    48,377.90
    -1,470.40 (-2.95%)
     
  • CMC Crypto 200

    1,255.98
    -102.03 (-7.51%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • DOW

    39,512.84
    +125.08 (+0.32%)
     
  • CRUDE OIL

    78.28
    -0.98 (-1.24%)
     
  • GOLD FUTURES

    2,370.30
    +30.00 (+1.28%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     

SRE, EIX, and PCG: What’s in Store?

SRE, EIX, and PCG: What’s in Store?

California wildfires in 4Q17 changed the landscape for utilities in the state. The rage burned Edison International (EIX), the smallest of the three main utilities in California, as well. California’s current law considers a utility at fault even if it complies with all the safety norms, and the utility is liable to pay for damages. According to industry experts, the liability damages might be large enough to end up bankrupting these utilities.