The decline comes as multiple large fires are burning around Los Angeles, with strong winds in the forecast that could make them difficult to contain.

Key Takeaways Shares of Edison International plunged Wednesday as its Southern California Edison subsidiary was forced to shut off power to thousands of customers because of the Los Angeles-area wildfires.

As residents fled, firefighters scrambled to corral flames churning along Los Angeles hillsides as winds gained strength Tuesday across Southern California, where forecasters said “life-threatening, destructive” gusts could last for days.