Investigation Overview
According to a press release a law firm is currently investigating possible claims against certain officers and directors of Edison International (NYSE: EIX) who may have caused Edisons subsidiary Southern California Edison Company to submit false and misleading data to state regulators.
According to the press release on September 18, 2008, the California Public Utilities Commission (CPUC) ordered Southern California Edison Company to pay a total of $146 million for falsifying customer-satisfaction and worker-safety data from 1997 to 2003. The CPUC determined that Southern California Edison Company submitted false and misleading data pertaining to customer-satisfaction rates and employee health and safety to enable Southern California Edison Company to qualify for performance bonuses it received from Californians who paid excessive rates for electricity as a result of Southern California Edison Companys falsified data. In addition so the investigation its findings against SoCal Edison, the CPUC specifically noted that the evidence is overwhelming that senior management knew of the manipulation and falsification.