We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Edison International | NYSE:EIX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 71.28 | 0 | 12:00:10 |
Plan advances company’s commitment to prevent utility-caused wildfires
Southern California Edison today filed its proposed 2020-22 Wildfire Mitigation Plan with the California Public Utilities Commission. SCE’s multiyear plan builds on the progress made last year to reduce the risk of fire ignitions caused by utility infrastructure.
“Our wildfire mitigation plan is a comprehensive effort to address the wildfire challenges in high fire risk areas which represent about 27% of the area we serve,” said Phil Herrington, SCE’s senior vice president of Transmission & Distribution. “The women and men of Southern California Edison remain dedicated to keeping our communities safe and making our system stronger against the increasing threat of extreme conditions driven by climate change, which also supports the state’s broader electrification efforts.”
The company’s 2020 plan will advance the maturity of SCE’s wildfire mitigation capabilities in a number of dimensions. In 2020, SCE proposes to:
The company will seek opportunities to accelerate efforts beyond the targets in the plan where possible. SCE plans to invest approximately $3.8 billion to implement the 2020-22 Wildfire Mitigation Plan.
Public Safety Power Shutoffs (PSPS)
SCE recognizes that PSPS is a disruptive hardship, but it is necessary to protect Californians from catastrophic wildfires. Patrols conducted after PSPS events have found multiple instances of equipment damage and tree branches contacting power lines that could have ignited a fire. As more mitigations are deployed, the company expects to reduce the scope and impact of PSPS, but PSPS will have to remain available as a tool to mitigate wildfire risk during severe weather and high Fire Potential Index events.
The company’s ability to isolate circuit segments and its use of real-time weather data and field conditions before activating PSPS aids in reducing the number of impacted customers. For example, during the unprecedented “extreme red flag warning” issued by the National Weather Service last October, about 2% of the company’s customers were impacted.
To further reduce PSPS impacts this year, the company is rapidly developing circuit-specific plans. For targeted circuits, SCE is applying a multipronged approach that includes:
SCE remains committed to providing timely notification to potentially impacted customers, local governments, public safety agencies and the California State Warning Center before, during and after a de-energization event. SCE will continue to work with local governments and public safety agencies, as well as essential service providers and business customers, to refine the program.
Results through 2019
SCE met or exceeded nearly all the goals in its 2019 Wildfire Mitigation Plan. Since 2018, SCE has:
About Southern California Edison
An Edison International (NYSE:EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200207005553/en/
Media Contact: Brian Leventhal, (626) 302-2255
Investor Relations Contact: Sam Ramraj, (626) 302-2540
1 Year Edison Chart |
1 Month Edison Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions