Edison International
Southern California Edison Company Files for Rate Recovery with CPUC
Summary
On October 8, 2024, Southern California Edison Company (SCE) filed an application with the California Public Utilities Commission (CPUC) to seek rate recovery of $5.4 billion of prudently incurred losses related to the Woolsey Fire. This includes $4.4 billion of uninsured claims, $1.0 billion of associated costs, and approximately $84 million in restoration costs. SCE requested a proposed decision on its application from CPUC in February 2026.
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About Edison International
Edison International is a leading energy holding company based in California, primarily engaged in the generation and distribution of electric power. It operates through its subsidiary, Southern California Edison, one of the largest electric utilities in the United States, serving millions of residential, commercial, and industrial customers across Southern California. The company's primary function is to provide reliable and sustainable electricity, focusing on infrastructure resilience and clean energy solutions, including solar and wind power projects. Edison International plays a crucial role in the energy sector by facilitating the transition towards renewable energy sources, aiming to reduce carbon emissions and enhance energy efficiency. Its operations significantly impact industries such as construction, manufacturing, and technology, which rely on consistent power supply. Additionally, the company actively invests in modernizing the electric grid, which is pivotal for supporting the increasing demand for electric vehicles and integrating alternative energy sources. In the financial market, Edison International is recognized for its commitment to sustainability and its pivotal role in supporting the California economy through its energy solutions.
Official SEC Documents
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