SCE reaches $2.0B Woolsey Fire cost recovery settlement with CPUC parties

EDISON INTERNATIONAL

• SCE to recover 35% (~$2.0B) of $5.6B Woolsey Fire losses, pending CPUC approval.
• Recovery includes ~$1.6B uninsured claims and $0.4B legal/financing costs paid through May 31, 2025.
• Also authorized to recover ~$71M of $84M in restoration costs; waived $157M pre-AB 1054 losses.
• If approved, SCE may issue securitized bonds; if denied, recovery via rates over 5 years with long-term debt.
• Agreement excludes $250M of uninsured claims previously waived under 2021 SED Agreement.