Southern California Edison, others reach settlement to recover $2 billion tied to wildfires [Yahoo! Finance Canada]
Edison International (EIX)
Last edison international earnings: 4/30 04:05 pm
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Source: Yahoo! Finance Canada
intervenors to allow the utility to recover about $2 billion of $5.6 billion in losses tied to the 2017–2018 wildfire and mudslide events. Out of the $2 billion, about $1.6 billion consists of uninsured claims and $400 million comprises of legal costs paid as of May 31 this year, the company's parent, Edison International, said on Friday. The Woolsey fire of 2018 burned 96,949 acres of land in California, destroyed 1,643 structures, killed three people, and prompted the evacuation of more than 295,000 people. The California Department of Justice had probed the Edison unit's role in igniting the 2018 Woolsey wildfire in Los Angeles and Ventura Counties but charges were dropped due to a lack of evidence. Southern California will also be authorized to recover 35% of losses paid after May 31, 2025. The agreements will need to be approved by the California Public Utilities Commission. (Reporting by Tanay Dhumal and Vallari Srivastava in Bengaluru; Editing by Leroy Leo) Recomm
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News
- Los Angeles County sees power outage Christmas Eve in 'dangerous' storm [USA TODAY]USA TODAY
- Dedicated Support from SCE Available to Help Make Claim Submissions Easy for Wildfire Recovery Compensation Program [Yahoo! Finance]Yahoo! Finance
- Dedicated Support from SCE Available to Help Make Claim Submissions Easy for Wildfire Recovery Compensation ProgramBusiness Wire
- State launches catch-all website linking to fire recovery rebuilding resources [Los Angeles Times (CA)]Los Angeles Times
- Evaluating Edison International After Wildfire Risk Moves and a 24.9% Share Price Slide [Yahoo! Finance]Yahoo! Finance
EIX
Earnings
- 10/28/25 - Beat
EIX
Sec Filings
- 12/23/25 - Form 8-K
- 12/22/25 - Form SC
- 12/22/25 - Form 8-K
- EIX's page on the SEC website