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Tuesday, Feb 7, 2023

Public Fire Settlement

Southern California Edison will pay $360 million to settle a lawsuit with 23 public entities for damages from the 2017 Thomas and Koenigstein Fires, the 2018 Montecito Debris Flows and the 2018 Woolsey Fire, according to law firm Baron & Budd, which represented the public entities. The $360 million only deals with government agencies and “does not affect the claims of residents, individuals or businesses affected by the fires,” the law firm said in a statement. The Thomas Fire started in Ventura County and burned nearly 282,000 acres with more than 1,000 buildings destroyed. The Woolsey Fire burned nearly 97,000 acres in Ventura and Los Angeles counties. In the Valley region, the settling entities included Los Angeles County, Ventura County and the cities of Agoura Hills, Calabasas, Hidden Hills, Thousand Oaks and Westlake Village.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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