Power company says to pay compensation over LA fire

Southern California Edison -- which faces multiple costly lawsuits over the huge blazes -- said it would establish a fund that would offer payouts to those who lost their homes or whose health was affected. It gave no figure for the size of the fund, and no precise timeline, but such a system could allow the company to avoid some of the bumper legal battles it is expected to face. Two enormous fires that erupted in January killed 31 people and destroyed more than 16,000 homes and buildings around Los Angeles.