Edison International reports developments tied to its role as the parent company of Southern California Edison, a regulated electric utility serving approximately 15 million people through 5 million customer accounts across Central, Coastal and Southern California. Recurring news covers utility operations, financial results, customer affordability, grid resilience, wildfire mitigation and rebuilding efforts.
Company updates also include Southern California Edison wildfire recovery compensation programs, dividends on SCE preference stock and related trust preference securities, board and executive governance changes, and workforce initiatives such as lineworker training scholarships. The news flow centers on the regulated utility business, capital-provider communications, community recovery programs and service-area obligations.
Southern California Edison, an Edison International (EIX) company, has extended more than $1 billion in Eaton Fire compensation offers to claimants.
As of Oct. 1, 2026, more than 5,000 claims covered over 15,300 individuals, trusts and legal entities. Nearly 2,900 offers reached almost 7,200 claimants. More than 3,850 claimants had been paid over $535 million, with additional payments in process. Nearly 80% of offers have been accepted; about 2% have been declined.
Offers arrive an average of 36 days after receipt of a substantially complete claim. Claims must be submitted by Nov. 30, 2026. Timely claims will be processed through completion beyond that deadline if claimants remain responsive. Submitting a claim, receiving an offer and evaluating it do not waive rights. Claimants dissatisfied with a Fast Pay offer may request a Detailed Review.
Edison International (NYSE: EIX) will hold its third-quarter 2026 financial results conference call on October 29, 2026. The call runs from 1:30 to 2:30 p.m. PDT, with a live webcast at www.edisoninvestor.com. A telephone replay will be available through November 12, 2026, at 6 p.m. PST.
Edison International (EIX) declared a quarterly common dividend of $0.8775 per share, payable October 31, 2026. Shareholders of record on October 7 will receive it.
Southern California Edison also declared dividends on its Series G, L, M and N preference stock, payable December 15, 2026, to shareholders of record on December 14. The corresponding trust securities would receive distributions of $0.31875, $0.3125, $0.46875 and $0.434375 per security, respectively.
Edison International (EIX) released its report “Adapting Today: Energizing a More Resilient Tomorrow” at Climate Week NYC, outlining climate-related threats to Southern California Edison’s electric grid and proposed adaptation actions.
The report draws on SCE’s 2026 Climate Adaptation Vulnerability Assessment, which uses high-resolution climate models to pinpoint asset-level risks from extreme heat, flooding, sea level rise and wildfire conditions. Examples include increases in underground duct bank sites prioritized for heat from three to 22 and pad-mount transformers at flood risk from more than 9,800 to more than 12,000 as warming rises from 1.5°C to 2°C. The paper also calls for a whole-of-economy, community-informed approach to resilience planning across California.
Edison International (NYSE:EIX), through Southern California Edison, urges comprehensive wildfire policy reform in California, arguing that the amended Senate Bill 492 does not meet long-term needs. The company calls for legislation that prioritizes wildfire survivors’ access to funds, stabilizes electricity rates, and supports a stable financing framework to fund grid safety, resilience and climate-related investments. According to Southern California Edison, it plans to work with the next governor and legislature on a more durable solution that both protects customers and enables access to reasonably priced capital to build a safer, more resilient electric system.
Southern California Edison (NYSE:EIX) is holding a community meeting on Sept. 10, 2026, from 6–8 p.m. at Westminster Presbyterian Church in Pasadena to discuss the Wildfire Recovery Compensation Program for those affected by the Eaton Fire ahead of the Nov. 30, 2026 claim deadline.
Company leaders, experts and compensated participants will answer questions and share experiences. As of Aug. 28, more than 4,450 claims covering over 13,600 claimants have been submitted; over 2,500 offers to nearly 6,300 claimants total more than $860 million, and more than 3,100 claimants have been paid over $460 million.
SCE reports average offer turnaround of 36 days, payments typically within 30 days, an offer acceptance rate above 77%, and survey results showing 82% favorable opinions of the program.
Edison International (NYSE: EIX) declared a semi-annual dividend of $25.00 per share on its 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, payable Sept. 15, 2026 to shareholders of record on Sept. 1, 2026.
Southern California Edison’s board declared quarterly dividends, also payable Sept. 15, 2026 to shareholders of record on Sept. 14, 2026, on Series G, L, M and N preference stock, resulting in per-security distributions of $0.31875, $0.3125, $0.46875 and $0.434375, respectively, on specified SCE Trust preference securities.
Edison International (NYSE:EIX), through Southern California Edison, reports that millions of customers will receive a combined $72 California Climate Credit on their summer electricity bills, automatically applied in August and September 2026 when usage is typically highest.
According to Southern California Edison, average residential electricity rates in 2026 are down 4.3% compared with last December, with an additional decrease expected later in the year. The company cites changes in how past energy costs are shared and removal of certain charges as key drivers, and expects average rate updates to track at or below local inflation through 2030. In 2025, nearly 2 million customers used SCE programs and rebates to save about $1.1 billion, supported by tools, discounts and assistance programs aimed at managing electric bills.
Edison International (NYSE: EIX) reported second‑quarter 2026 net income of $534 million, or $1.39 GAAP EPS, versus $343 million, or $0.89, a year earlier. Core earnings were $592 million, or $1.54 per share, up from $374 million, or $0.97.
Management attributed Southern California Edison’s higher core EPS primarily to the adoption of the 2025 GRC final decision, while Parent and Other’s core loss narrowed on lower preferred stock dividends. Edison reaffirmed its 2026 core EPS guidance of $5.90–$6.20, and updated basic EPS guidance to $5.70–$6.00 to reflect recorded non‑core items of ($77) million, or ($0.20) per share, for the first half of 2026.
The company highlighted continued execution on wildfire mitigation and progress on its Wildfire Recovery Compensation Program, alongside lower operation and maintenance costs and detailed reconciliations of GAAP to non‑GAAP core results.
Edison International (NYSE:EIX) reported that more than 12,000 participants have sought compensation through Southern California Edison’s Wildfire Recovery Compensation Program related to the Eaton Fire. As of July 24, nearly 4,000 claims covering over 12,000 individuals, trusts and entities have been submitted, with 38% filed by attorneys or authorized representatives.
According to Southern California Edison, more than 2,200 offers have been extended to over 5,400 claimants, totaling over $750 million, and more than 2,300 claimants have been paid over $360 million. The company says offers are currently issued on average within 35 days and payments are generally made within 30 days after settlement conditions are met, sometimes in two to three weeks. The program clarifies several myths, including that filing a claim does not waive litigation rights and that charitable donations do not reduce compensation. Eligible individuals and businesses must submit claims by Nov. 30, 2026.