Edison International Seeks $1.7 Billion Recovery for Wildfire Losses

Aug 29, 2024, 04:34 PM

Southern California Edison, a unit of Edison International, is seeking approval for a settlement agreement to recover nearly $1.7 billion in losses from wildfires and mudslides in 2017 and 2018. The utility aims to recover nearly 60% of these losses. Following the announcement of a tentative agreement with state officials, Edison International's shares reached an all-time high.