|Bid||63.01 x 900|
|Ask||65.61 x 800|
|Day's Range||63.14 - 65.05|
|52 Week Range||43.63 - 78.93|
|Beta (5Y Monthly)||0.50|
|PE Ratio (TTM)||66.23|
|Earnings Date||Feb 25, 2021 - Mar 01, 2021|
|Forward Dividend & Yield||2.55 (3.90%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||69.60|
(Bloomberg) -- Utility Edison International may cut power to more than 85,000 Southern California homes and businesses during the Thanksgiving holiday as strong winds raise the risk of wildfires.Dry gusts are expected to sweep the region, which hasn’t seen a drop of rain in more than two weeks, said Zack Taylor, a forecaster at the U.S. Weather Prediction Center. As many as 4.8 million people face a critical fire risk, according to the U.S. Storm Prediction Center.The outages may strike mountainous areas of Kern, Los Angeles, Riverside, San Bernardino, Orange and Ventura counties on Thursday, according to Edison’s website. They will likely last until Friday evening, Southern California Edison spokeswoman Taelor Bakewell said Tuesday. Sempra Energy’s San Diego-area utility also warned that about 2,700 of its customers will face power shutoffs starting early Friday.California has been charred by record fires that have burned 4.2 million acres and killed 31 people in 2020. The threat of fires rises with high winds that can knock down power lines. California residents have already been left in the dark multiple times in recent months as Edison, as well as PG&E Corp., opted to preemptively cut electricity in an effort to avoid disaster.Taylor said the high winds will likely ease over the weekend. While Northern California has had some rain and snow in recent weeks, more than 75% of the state is experiencing some form of drought.The fire season across Southern California could last through December because of the dry conditions.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
For solar to become one of the country’s major power sources and move the country away from fossil fuels, consumers and policy makers will have to trust that it is resilient even when high power demands stress the electric grid. Top U.S. solar developer and installer (RUN) (ticker: RUN) announced a partnership with Southern California Edison, one of the country’s largest grid operators and a subsidiary of (EIX) (EIX), to create a “virtual power plant.” Sunrun customers with rooftop solar and battery packs will be a part of the system.
During Utility Scam Awareness Week, SCE Warns Customers About Increased Volume of Phone Scams During Upcoming Holiday Season