Edison International
California Legislature Approves SB 254 and SCE Settles Eaton Fire Subrogation Claim
Summary
On September 15, 2025, the California Legislature approved Senate Bill 254, which aims to support the financial stability of investor-owned utilities (IOUs) and address wildfire-related liabilities. This bill is expected to be signed into law by the California Governor. Edison International management will use the SB 254 summary furnished as Exhibit 99.1 in meetings with institutional investors and analysts, and the presentation will be posted on www.edisoninvestor.com. Separately, Southern California Edison Company (SCE) entered into a Subrogation Settlement with an insurance claimant in the 2025 Eaton Fire litigation. Under this settlement, SCE agreed to pay $0.52 for each dollar in claims paid or to be paid by the claimant to its policyholders, up to an agreed cap. The claimant had paid its policyholders an aggregate of approximately $500 million as of July 31, 2025. SCE believes the Eaton Fire is a 'covered wildfire' and anticipates future resolution of eligible claims will require seeking reimbursement from the Wildfire Insurance Fund. No admission of wrongdoing or liability was made in reaching the Subrogation Settlement.
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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.
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