Edison Slumps as CEO Says ‘Likely’ Its Gear Linked to LA Blaze

Edison International slumped the most in three weeks after executives said the company’s equipment will likely be found to be associated with triggering the deadly Eaton Fire in Los Angeles.

The shares slipped as much as 3.3%, the most intraday since Oct. 7, and were down 2.1% to $54.84 at 10:16 a.m. in New York.

“Absent additional evidence, SCE believes that it is likely that its equipment could be found to have been associated with the ignition,” Chief Executive Officer Pedro Pizarro said on a conference call Tuesday, referring to the Southern California Edison utility. The January blaze left 19 ...