SCE settles Eaton Fire subrogation at $0.52/dollar; California approves SB 254

EDISON INTERNATIONAL

SCE agreed to pay $0.52 per $1 of claims paid by insurer, up to an undisclosed cap.
Insurer had paid ~$500M to policyholders as of July 31, 2025; no admission of liability.
SCE expects to seek reimbursement from the Wildfire Insurance Fund for eligible Eaton Fire claims.
California Legislature approved SB 254 on Sept 13; Governor expected to sign into law.

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