Edison Strikes $37M Deal Over Malibu Wildfire Damage

Law360, New York (May 21, 2013, 1:55 PM EDT) -- Southern California Edison Co. said Monday that it has reached a $37 million settlement with the California Public Utilities Commission over its role in the 2007 Malibu Canyon Fire that charred nearly 4,000 acres.

The company said that under the terms of the settlement, which requires CPUC approval, it would pay a $20 million penalty to the state’s general fund and $17 million for safety enhancements of utility infrastructure in Malibu and the surrounding areas.

“Under the settlement agreement, SCE admits it violated the law by...
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