secwatch.observer — SEC 8-K summary
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Issuer:     EDISON INTERNATIONAL (EIX)
CIK:        0000827052
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0000827052-24-000062
Event type: regulatory
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SCE reaches CPUC settlement to recover $1.6B of $2.7B TKM fire losses
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- Settlement authorizes SCE to recover 60% (~$1.6B) of ~$2.7B in uninsured claims, legal costs, and financing from TKM events.
- SCE also recovers $55M of $65M restoration costs; commits $50M in shareholder-funded wildfire safety enhancements.
- SCE will seek CPUC approval to finance authorized amounts through securitized bonds; equity charges excluded from regulatory capital.
- Settlement covers Thomas Fire, Koenigstein Fire, and Montecito Mudslides; $125M in uninsured claims previously waived under SED agreement.
- If approved, SCE's after-tax equity charges from disallowed costs are permanently excluded from CPUC regulatory capital structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827052/000082705224000062/0000827052-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92103/000082705224000062/eix-20240829x8k.htm
  HTML page:      https://secwatch.observer/filing/0000827052-24-000062

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