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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.