QUICK SPARK: Edison Stock Craters 24% In Worst Day Since 2001
Edison International plunged 24% Monday after California lawmakers left investor-owned utilities on the hook for wildfire liability.
Edison's stock dropped a lot because California lawmakers said the company has to pay for wildfire damage instead of taxpayers. When a company faces big unexpected costs, people worry about its future, so they sell the stock.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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