SCE Delivers Payments to More Than 1,200 Community Members Impacted by Eaton Fire
SCE Delivers Payments to More Than 1,200 Community Members Impacted by Eaton Fire
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wildfire recovery compensation programregulatory
A wildfire recovery compensation program is a structured set of payments and services set up to help people, businesses and public entities recover losses after a wildfire, like an emergency relief fund combined with claims processing. It matters to investors because such programs can create large, often uncertain costs or liabilities for governments, insurers and companies, affect future insurance rates and capital needs, and influence legal and regulatory outcomes that change long-term value.
schedule 13gregulatory
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
senior notesfinancial
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
underwriting agreementfinancial
An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.
prospectus supplementregulatory
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
commercial paperfinancial
Short-term IOUs issued by companies to raise cash quickly, sold to investors for a fixed, brief period (usually up to a few months) and repaid with interest at maturity. Think of it as a business borrowing from the public without putting up collateral, like a friend asking to borrow money for a few weeks with a promise to pay back a bit more. Investors watch commercial paper to gauge a company’s short-term funding health and credit risk; difficulty issuing it or rising yields can signal liquidity stress or higher perceived risk.
deferred stock unitsfinancial
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dispositive powerfinancial
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
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Payments through the Wildfire Recovery Compensation Program total $175 million to date.
ROSEMEAD, Calif.--(BUSINESS WIRE)--
Southern California Edison today announced another milestone in recovery efforts following the Eaton Fire, with more than 1,200 individual claimants paid through the Wildfire Recovery Compensation Program.
“Every payment represents a step forward for someone after the Eaton Fire,” said Pedro J. Pizarro, president and CEO of Edison International, SCE’s parent company. “We remain focused on moving claims forward as efficiently and thoughtfully as possible, recognizing how important timely support is to recovery.”
Just this week, more than 250 individual claimants were paid.
As of May 21, 2026:
Nearly 3,400 claims submitted, consisting of about 10,200 individuals, trusts and legal entities.
More than 1,750 offers extended to over 4,300 claimants, totaling nearly $600 million.
More than 1,200 claimants paid, totaling $175 million, with many more in process.
Fast Offers and Payments
The Wildfire Recovery Compensation Program is designed to offer compensation in line with settlement values for similar claims in past wildfire lawsuits, with a more streamlined and faster approach than litigation.
The comprehensive program includes owner and tenant claims for total and partial structure loss, commercial property loss, business interruption, non-burn damage (such as smoke, soot or ash), physical injury and loss of life.
Offers are delivered within 90 days of a fully documented, substantially complete claim. More than 70% have been accepted, with more pending.
Payments are made within 30 days after all conditions in the settlement agreement have been satisfied.
Many offers and payments are being processed in a fraction of that time.
The program is voluntary and available through Nov. 30, 2026.
For one-on-one assistance in multiple languages, call 888-912-8528. In-person appointments are also available to guide claimants through the requirements and help them get started.
For firms representing multiple eligible claimants, a bulk intake process is available. Email the team to get started.
Those who need help with advancing an existing claim, a status update or assistance with filing a new claim are encouraged to contact the dedicated support team at 888-912-8528.
About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
