After reporting a broken powerline at a tower close to the scene of the Hurst fire on Tuesday last week, a $25 billion company is now under investigation.
Fire authorities are looking into whether Edison International’s equipment was “involved in the ignition” of the fire, which started at about 10.10 p.m. on January 7,
The firm stated in a news statement. According to an initial analysis, the business recorded a “circuit relay” at the Eagle Rock – Sylmar 220 kV circuit around 10:11 p.m.
Edison International, which is controlled by a combination of private investors and publicly traded corporations, said that it is unclear if the damage occurred before to or during the incident.
According to the Daily Mail, the market value of the energy firm has already dropped by $5.73 billion in the week after the fires began, from $30.89 billion on January 3 to $25.16 billion today.
The revelation, which was made public Monday, also comes as conjecture over what could have started the destructive fire is still raging.
