Edison International Seeks Recovery and Invests in Wildfire Safety
Company Announcements

Edison International Seeks Recovery and Invests in Wildfire Safety

An announcement from Edison International (EIX) is now available.

In August 2023, SCE sought to recover costs from wildfires and mudslides through a filing with the California Public Utilities Commission. They aim to recoup 60% of $2.7 billion in losses, including uninsured claims and legal costs. Pending approval, SCE plans to finance this via securitized bonds and also recover a portion of restoration costs. Additionally, SCE has committed $50 million to wildfire safety improvements as part of a settlement that, if sanctioned, will allow cost exclusion from their regulatory capital structure.

For detailed information about EIX stock, go to TipRanks’ Stock Analysis page.

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