ReportWire

Tag: Eaton

  • Eaton and Palisades fire refugees moved near and far — and often

    [ad_1]

    With fire pits on the beach, showers and a front-row view of the sun sinking into the Pacific, Mike and Nicole Wirth had no complaint about their $45 overnights at Dockweiler Beach.

    But neither was their three-night stay there last April a quaint camping experience. Dockweiler RV Park was No. 13 of the 15 places they’ve bedded down since the Eaton fire destroyed their Altadena home last year.

    Among their other sleepovers — from one night to four months — were two hotels, an Airbnb, a church parking lot, another campground, a townhome rental and three tiny guest houses — one at a co-worker’s boyfriend’s house. In between were three stays with Nicole’s parents where their precious Australian cattle dog Goose succumbed, they believe, to accumulated trauma.

    Mike and Nicole Wirth in their Sprinter van in Altadena. The Wirths were displaced during the 2025 Eaton fire and have moved 15 times, including stints of camping in their van.

    (Kayla Bartkowski / Los Angeles Times)

    They were not alone. The Eaton and Palisades fires left an urban population of tens of thousands homeless in a single day. They moved in every direction, some near, some far, some — the lucky ones — only once. For many, home became an improvisation.

    Sometimes Nicole stayed with her parents while Mike stayed alone at Dockweiler to be near his work in Hawthorne. It had a subtle reassuring effect.

    “The van felt like the only room from our house that survived,” Mike said.

    The Wirths, who are rebuilding their home and expect to move back in April, reflect the frenetic side of the complicated quest for shelter for tens of thousands whose homes were destroyed in the Eaton and Palisades fires.

    Their orbit, compact but intense, was dictated by their decision to stay near his job and to oversee the reconstruction of their home.

    Others moved less frequently, but often went much farther, to stabilize their lives.

    Christie and Michael McIntire were grasping for anything in the San Gabriel Valley and coming up short.

    “Won’t take cats. Price really high. Extremely far. Somebody got to it first,” Christie McIntire said in a phone interview.

    The McIntire family inside an empty home

    The McIntire family walk through their new home outside Nashville. They are preparing to move in April 1.

    (Diana King / For The Times)

    After spending several months in two seedy rentals, the McIntires pulled the trigger on a longtime fantasy. They found a rental in Nashville. Christie flew with her two girls and the cats, and Michael drove with the dog. They’ve purchased a 3,600-square-foot suburban house to replace their 1,400-square-foot Altadena bungalow. They will move in April 1 when their current lease expires.

    The lease was the first step in a multistage recovery.

    “We didn’t feel homeless anymore,” Christie said. “When we found the house to buy is when we began to feel secure.”

    The Eaton and Palisades fire diaspora has played out in a sunburst pattern of impromptu moves that likely will never be traced in full detail.

    A blurry outline is revealed in a quarterly survey commissioned by the Department of Angels, a nonprofit created by the California Community Foundation and SNAP Inc. It has documented the broad outlines and delved into the emotional and financial stress on those who were displaced. Its latest survey, released for the fire anniversary, found that 7 out of 10 people displaced — 74% from Pacific Palisades and 65% from Altadena — are still in temporary housing, down only slightly from the third quarter.

    Only about a third in both communities said they expect to remain where they are more than a year or two, and about 20% — 22% in Palisades and 17% in Altadena — said they expect to move again within the next few months or weeks, both up from September.

    A sharper picture of mobility can be gleaned from those like the McIntires, who have put down roots and changed their addresses. Data provided to The Times by Melissa, a global address provider, shows that most of those displaced in the two fires stayed close to home but they also spread tendrils across the country.

    (Melissa compiles the data from records including change-of-address filings with the post office, magazine subscriptions and credit card applications. The Times provided addresses of the roughly 21,800 housing units rated by Cal Fire as either destroyed or sustaining major damage. The company tied each address to the individuals living there, whether as family members or owner/renter.)

    More than 83% of the 30,000 tracked by Melissa stayed within Los Angeles County, and just under 95% remained in California. The pattern was similar for both communities: 93% from Pacific Palisades and 96% from Altadena stayed in-state.

    At least 1,600 people traveled to other states to make new homes. Texas (166), Florida (144) and New York (141) were their top destinations. In all, they went to 45 states with Maine and Rhode Island each receiving one. The McIntires were among 50 relocating to Tennessee.

    The preference to stay nearby was strong. More than 2,900 people displaced by the fires relocated within the seven ZIP Codes that had almost all the destroyed and damaged homes, either directly or after an intermediary move. Pasadena was at the top of that list, followed by Altadena and Pacific Palisades.

    Seven Southern California coastal counties accounted for 98% of all displaced people who stayed in California. Los Angeles County was by far the primary destination, receiving more than 25,000 people. Orange County was a distant second at 738. Outside of L.A., Palisadians tended to stay near the coast, from San Diego to Santa Barbara counties. Altadenans more often moved east in the San Gabriel Valley and to Riverside or San Bernardino counties.

    How many of those moves are permanent is not known, but they reflect a cohort of the displaced population more likely to gain stability. About 3,300 were tracked through two post-fire moves, while the number moving three times dropped precipitously to 129.

    While the Wirths’ 15-stop odyssey may represent an extreme, many lacked either the opportunity or desire to lay down new roots while anticipating a return to what they consider their real home.

    Nicole and Mike Wirth with two dogs on leashes

    Nicole and Mike Wirth walk their dogs outside their temporary home in Altadena.

    (Kayla Bartkowski / Los Angeles Times)

    “I never did a change of address,” said Sara Marti, whose Palisades rental was destroyed. “Whatever mail I was receiving, who knows where it went.”

    Marti, her husband, Jordan Corral, and their two school-age children stayed two nights in a Marriott after evacuating. Their next move was to an Airbnb in Lancaster.

    “It was a bizarre experience because it was so far from everything we knew,” she said.

    Next they used insurance money to put a down payment on an RV and moved to the River’s End RV Park in Canyon Country. They thought they were settled until a crack in the gray water tank sent their home in for repairs. They moved from motel to hotel to Airbnb until she couldn’t take it anymore, Marti said. They’ve now leased an apartment in Canyon Country. Corral works locally.

    Marti, who works for the community environmental group Resilient Palisades — remotely now — intends to return to be near her parents who are rebuilding their destroyed house.

    “I’d love to return into an apartment, assuming the pricing doesn’t go crazy,” she said.

    Whether to take steps to formalize a temporary address was a decision that some debated.

    Wirth, who organized a support group of AAA Insurance holders after the fire, chose not to and instead has her mail forwarded to her parents’ house.

    “Today, literally, I have to move again,” she said. “What places do I change my address to?”

    But Postal Service forwarding ends after a year.

    “Now it’s going to be a disaster,” she said.

    Landscaper Jose Cervantes, who lost his home as well as 26 of his customers in Altadena, picked up his mail at the post office for a time after the fire.

    After a series of moves to Palmdale and the San Gabriel Valley, his family of five settled in an ADU in Pasadena. But they never changed their address.

    Once he had made the decision to rebuild, Cervantes installed a temporary mailbox on the vacant lot. His daughter Jessica, who handles bills and insurance issues, goes there to pick up the mail.

    Currently spread out over a Monrovia rental and various aunts’ houses, the family is in the process of moving into a nearly completed ADU behind their future house, which is now in the framing stage.

    Jose Cervantes and his daughter Jessica outside a home under construction

    Jose Cervantes and his daughter Jessica outside the home they’re rebuilding in Altadena.

    (Kayla Bartkowski / Los Angeles Times)

    The quarterly surveys by the nonprofit Department of Angels give a limited view of the housing instability that still lingers a year after the fire.

    The surveying firm Embold Research found in June that more than half of displaced households — 61% in Altadena and 65% in Pacific Palisades — had stayed in multiple places. About a third in both cases said they were expecting to move again soon.

    So many moves only compounded the trauma of losing a home to fire.

    In January, Embold reported that 44% of respondents said their mental health was much worse since the fire, up from 36% in June and September, and 39% said it was somewhat worse.

    “Therapy helped,” said Christie McIntire, whose move to Tennessee restored her sense of community but still left emotional work to do.

    “For the longest time I was gravitating between anger and sadness,” she said. “Happening all last year; you just feel this guilt, like you could have done something to get a different outcome.”

    The McIntire family outside a brick home

    The McIntire family found a rental in Nashville and have now set down new roots.

    (Diana King / For The Times)

    Four sessions of prolonged exposure therapy, a technique used by the U.S. Department of Veterans Affairs to treat PTSD, helped her pack the imagery into long-term memory.

    “I no longer constantly think about that day,” she said.

    [ad_2]

    Doug Smith

    Source link

  • LA County Response To Deadly Fires Slowed By Lack Of Resources, Outdated Alert Process, Report Says – KXL

    [ad_1]

    LOS ANGELES (AP) — An outside review of Los Angeles County’s response to January’s deadly wildfires found a lack of resources and outdated policies for sending emergency alerts led to delays in warning residents about the need to evacuate as flames began consuming neighborhoods in Altadena and Pacific Palisades.

    The Independent After-Action Report produced by the consulting firm McChrystal Group was commissioned by county supervisors just weeks after the Eaton and Palisades fires killed more than 30 people and destroyed thousands of homes in highly dense areas of LA County.

    The report released Thursday says a series of weaknesses, including “outdated policies, inconsistent practices and communications vulnerabilities,” hampered the effectiveness of the county’s response.

    Interviews with survivors and an Associated Press analysis of available data in the aftermath of the Palisades Fire found some residents did not receive emergency alerts until well after homes went up in flames. The report sheds more light on these findings.

    The area in which the Palisades Fire started was initially under the jurisdiction of the Los Angeles Police Department, according to the after-action report, which also says “input from the LAPD was not provided for this review.”

    Similarly, evacuation orders for some neighborhoods of Altadena where the Eaton Fire swept through — including areas where the majority of deaths occurred — came long after houses had burned down.

    Staffing shortages
    The report cites critical staffing shortages including a high number of sheriff’s deputy vacancies and an under-resourced Office of Emergency Management. In addition, first responders and incident commanders were unable to consistently share real-time information due to unreliable cellular connectivity, inconsistent field reporting methods, and the use of various unconnected communication platforms.

    “While frontline responders acted decisively and, in many cases, heroically, in the face of extraordinary conditions, the events underscored the need for clearer policies, stronger training, integrated tools, and improved public communication,” the report says.

    It is not intended to investigate or assess blame, county officials said in a news release.

    “This isn’t about pointing fingers. It’s about learning lessons, improving safety, and restoring public trust,” said Supervisor Kathryn Barger, whose district includes Altadena. “Survivors of the Eaton Fire deserve answers — and today’s report is an important step toward delivering them.”

    The Office of Emergency Management began putting together its staffing plan for predicted heavy winds Jan. 3, four days before the Palisades and Eaton fires ignited. But an experienced OEM staffer had been sent out of town for a training event. That meant several less-knowledgeable staffers were in key positions, according to the report.

    They were also working with some new emergency notification software provided by an existing vendor: The county signed the expanded contract with emergency alert company Genasys in November, just before the holidays. Only four staff members were trained on Genasys when the fires hit, according to the report.

    The review also found that the process to communicate an evacuation decision to the public was slow, convoluted and involved multiple leadership roles across county-level departments.

    In the case of the Palisades Fire, the Los Angeles County Fire Department and Sheriff’s Department identified areas that required evacuation. They then communicated those areas to a member of the County’s Office of Emergency Management at the Incident Command center. This person then made a phone call or sent a text message to another OEM staffer located in the Emergency Operations Center, who then updated the system put in place by the third-party vendor and triggered an alert to the public.

    Alerting the public
    During the January inferno, according to the report, this process took between 20 and 30 minutes. The report’s authors note this represented an improvement, though, over the old system that took between 30 and 60 minutes for the public to receive notice of an evacuation.

    Still, the report notes, many of the county’s methods to alert the public require opting-in.

    “If residents are not aware of or do not sign up for these services, such as Alert Los Angeles County, Genasys PROTECT, and WatchDuty, they will not benefit from the alerts and notifications sent from these systems,” the report states.

    Some of the evacuation alerts required residents to click a separate link to get complete information, hindering messaging, the report found. The communication system used for alerts did not provide complete information about the fire’s progression, like the names and locations of evacuation zones or the general areas of evacuations. Power outages and cell tower issues further hindered evacuation notices, and the timing of the evacuation notices simply could not keep up with the pace of the fire, the report found.

    There was also a gap in the county’s policies about who is responsible for letting residents know how they should prepare for extreme weather risks, according to the report. The county did send out a handful of warnings about the incoming Santa Ana wind event and amplified National Weather Service messaging on social media and in news releases, but there was no official, stand-alone preparedness messaging provided by the county.

    The Los Angeles County Board of Supervisors is scheduled to review the 133-page report when it meets next Tuesday.

    The causes of the two fires are still under investigation.

    After-action reports and investigations revealed issues with alert systems in other California blazes: in the 2017 Tubbs Fire, which killed 22 people in Santa Rosa; the 2018 Camp Fire, which killed 85 people in Paradise; the Woolsey fire, which started the same day and killed three in Malibu; as well as in Colorado’s 2021 Marshall Fire, which destroyed more than 1,000 homes outside Denver; and in Hawaii’s 2023 Lahaina Fire, which decimated that historic town and killed 102.

    [ad_2]

    Jordan Vawter

    Source link

  • Benjamin F. Edwards & Company Inc. Increases Position in Eaton Co. plc (NYSE:ETN)

    Benjamin F. Edwards & Company Inc. Increases Position in Eaton Co. plc (NYSE:ETN)

    [ad_1]

    Benjamin F. Edwards & Company Inc. boosted its stake in Eaton Co. plc (NYSE:ETNGet Rating) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,771 shares of the industrial products company’s stock after acquiring an additional 157 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Eaton were worth $1,220,000 as of its most recent SEC filing.

    Other hedge funds also recently added to or reduced their stakes in the company. Horan Securities Inc. raised its stake in shares of Eaton by 228.6% during the fourth quarter. Horan Securities Inc. now owns 161 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 112 shares during the last quarter. Hollencrest Capital Management acquired a new position in Eaton in the 4th quarter valued at $28,000. RFP Financial Group LLC purchased a new position in Eaton during the 4th quarter worth $30,000. WFA of San Diego LLC purchased a new stake in shares of Eaton in the fourth quarter valued at about $31,000. Finally, Capital Directions Investment Advisors LLC acquired a new position in shares of Eaton during the fourth quarter worth about $31,000. 80.19% of the stock is owned by institutional investors and hedge funds.

    Wall Street Analysts Forecast Growth

    Several research firms have issued reports on ETN. Mizuho boosted their target price on Eaton from $168.00 to $180.00 in a research report on Wednesday. UBS Group raised their target price on Eaton from $173.00 to $197.00 in a report on Tuesday, March 14th. Bank of America boosted their target price on shares of Eaton from $180.00 to $200.00 in a research report on Wednesday, March 8th. Morgan Stanley increased their price target on shares of Eaton from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Eaton from $188.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.17.

    Eaton Trading Down 0.5 %

    Eaton stock opened at $172.38 on Thursday. The stock has a 50-day moving average price of $166.87 and a 200 day moving average price of $162.04. The company has a current ratio of 1.38, a quick ratio of 0.84 and a debt-to-equity ratio of 0.49. The stock has a market cap of $68.70 billion, a PE ratio of 28.03, a P/E/G ratio of 1.85 and a beta of 1.12. Eaton Co. plc has a 52 week low of $122.50 and a 52 week high of $178.75.

    Eaton (NYSE:ETNGet Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.10. The company had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.23 billion. Eaton had a return on equity of 18.31% and a net margin of 11.86%. Eaton’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 EPS. Equities research analysts predict that Eaton Co. plc will post 8.25 earnings per share for the current fiscal year.

    Eaton Announces Dividend

    The business also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 8th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Friday, May 5th. This represents a $3.44 dividend on an annualized basis and a yield of 2.00%. Eaton’s payout ratio is 55.93%.

    Insider Buying and Selling

    In related news, insider Joao V. Faria sold 2,000 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $169.00, for a total value of $338,000.00. Following the transaction, the insider now directly owns 67,166 shares of the company’s stock, valued at approximately $11,351,054. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Joao V. Faria sold 2,000 shares of the firm’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $169.00, for a total value of $338,000.00. Following the transaction, the insider now owns 67,166 shares of the company’s stock, valued at approximately $11,351,054. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joao V. Faria sold 2,326 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $171.23, for a total transaction of $398,280.98. Following the sale, the insider now directly owns 77,626 shares of the company’s stock, valued at $13,291,899.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,377 shares of company stock valued at $5,864,193. Insiders own 0.53% of the company’s stock.

    Eaton Company Profile

    (Get Rating)

    Eaton Corp. Plc is a power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: Electrical Americas and Electrical Global, Aerospace, Vehicle, and eMobility. The Electrical Americas and Electrical Global segments engage in sales contracts for electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and service.

    Further Reading

    Want to see what other hedge funds are holding ETN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Co. plc (NYSE:ETNGet Rating).

    Institutional Ownership by Quarter for Eaton (NYSE:ETN)

    Receive News & Ratings for Eaton Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Eaton and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • IEC Foundation Receives Equipment Grant From Eaton

    IEC Foundation Receives Equipment Grant From Eaton

    [ad_1]

    The Independent Electrical Contractors (IEC) Foundation has received an in-kind training equipment donation from Eaton valued at $223,220. This equipment will be used at the following IEC Chapter Training Centers: Atlanta, Austin, Central PA, Greater Cincinnati, Central Ohio, El Paso, Kentucky & Southern Indiana, Northern Colorado, Northwest Pennsylvania, Oklahoma City, Oregon, and Greater St. Louis.

    The IEC Foundation works with industry partners of IEC National to help secure corporate donations of materials and equipment for updating the student labs in IEC campuses on an annual basis through the IEC Foundation Equipment Grant program. To date, the Equipment Grant program has provided over $5M in new laboratory equipment to IEC career schools nationwide. These upgrades in equipment complement the world-class IEC 4-year electrical apprenticeship education program and directly benefit the hands-on learning experience of IEC students, helping to ensure that IEC produces the highest-caliber electricians in the industry.

    This commitment from Eaton is crucial in elevating the ability of our IEC nonprofit training campuses across the country to educate and train the skilled workers of tomorrow. We are grateful for the partnership in paving the way for our collective future success in the electrical and systems contracting industry.

    Spenser Villwock, IEC Foundation CEO

    About Eaton
    Eaton is a power management company that had 2016 sales of $19.7 billion. They provide energy-efficient solutions that help their customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely, and sustainably. Eaton is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Eaton has approximately 95,000 employees and sells products to customers in more than 175 countries.

    Because of the pivotal role they play, Eaton is committed to creating and maintaining powerful customer relationships built on a foundation of excellence. From the products they manufacture to their dedicated customer service and support, they know what’s important to you.

    For more information about Eaton, visit www.eaton.com/Eaton/index.htm 

    Thank you, Eaton, for all you do! 

    About IEC Foundation
    Founded in 1996, the IEC Foundation has provided nearly $5 million in cash and equipment to IEC training centers across the country. The Foundation seeks to support not-for-profit organizations to create opportunities introducing and guiding men and women to successful and satisfying careers in the electrical and communications industries through Equipment Grants for use by local training and education centers. 

    Source: Independent Electrical Contractors Foundation

    [ad_2]

    Source link