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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 (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.
Southern California Edison (NYSE:EIX) reported that, as of July 16, 2026, more than $750 million in relief has been offered to community members through its voluntary Wildfire Recovery Compensation Program for those impacted by the Eaton Fire.
According to the company, nearly 12,000 individuals, trusts and legal entities have participated via more than 3,900 claims. Over 2,100 offers have been extended to more than 5,200 claimants, totaling about $743 million, and more than 2,100 claimants have been paid over $314 million. The program aims to mirror settlement values from similar wildfire lawsuits while providing a faster, streamlined alternative to litigation, with offers typically delivered within 35 days and payments often made within 2–3 weeks. The program remains voluntary, does not waive litigation rights, and is open for claims until Nov. 30, 2026, with multilingual and bulk intake support available.
Edison International (NYSE:EIX) selected 10 recipients for its 2026 Lineworker Scholarship, each eligible for up to $25,000 to pursue careers in the electric utility field. Funded by Edison International shareholders and IBEW Local 47, the program covers LATTC Powerline Worker training, Class A commercial driver’s license education, and related living expenses. Upon completing program, CDL, and pre-employment requirements, recipients become eligible for full-time, entry-level skilled trade roles at Southern California Edison.
Edison International (NYSE:EIX) will hold a conference call to discuss its second quarter 2026 financial results.
The call is scheduled for Thursday, July 30, 2026, from 1:30–2:30 p.m. PT, with live access by phone and webcast and a replay available through August 13, 2026.
Southern California Edison (NYSE:EIX) reported that more than $700 million has been offered to over 5,000 community members impacted by the Eaton Fire through its voluntary Wildfire Recovery Compensation Program.
The program targets lawsuit-like settlement values with faster processing, and remains open through Nov. 30, 2026.
Edison International (NYSE:EIX) declared a quarterly common stock dividend of $0.8775 per share for Q2 2026. The dividend is payable on July 31, 2026 to shareholders of record as of July 7, 2026.