**Edison International’s Southern California Edison Company Seeks Rate Recovery of $5.4 Billion for Woolsey Fire-related Losses****

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On October 8, 2024, Southern California Edison Company (SCE) made a significant move by filing an application with the California Public Utilities Commission. The purpose of this application is to request rate recovery amounting to $5.4 billion for prudently incurred losses associated with the Woolsey Fire. This figure includes approximately $4.4 billion for uninsured claims paid as of August 31, 2024, and an additional $1.0 billion covering associated costs. These costs encompass legal and financing expenses incurred up to August 31, 2024, along with estimates for ongoing financing costs. SCE is also seeking compensation for around $84 million in restoration expenses through this filing.

Within the application submitted to the CPUC, SCE has expressed the desire for a proposed decision on its request to be issued by February 2026.

It’s important to note that the terms used in this disclosure hold the definitions assigned to them as per the combined Annual Report on Form 10-K for both Edison International and SCE.

In adherence to the regulations outlined in the Securities Exchange Act of 1934, the signatories representing the registrants have duly endorsed this report. Kara G. Ryan, Vice President, Chief Accounting Officer and Controller, has signed off on behalf of both Edison International and Southern California Edison Company on October 8, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Edison International’s 8K filing here.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.