AI English summary of an SEC filing — figures as filed
Edison International EIXThe company said SCE will file a motion on September 19, 2025 seeking approval of the Woolsey Settlement Agreement, under which SCE would recover 35%, or about $2.0 billion, of about $5.6 billion in losses, subject to CPUC approval.
Key points
AI summaryThe company said SCE will file a motion on September 19, 2025 seeking approval of the Woolsey Settlement Agreement, under which SCE would recover 35%, or about $2.0 billion, of about $5.6 billion in losses, subject to CPUC approval.
The company said the losses to be recovered include about $1.6 billion of uninsured claims paid through May 31, 2025 and $0.4 billion in costs. It also said $250 million of uninsured claims and related financing costs are excluded from SCE's requests under the SED Agreement.
The company said SCE will be authorized to recover $71 million of restoration costs of about $84 million and waived its right to seek recovery of about $157 million in uninsured losses from fires that ignited before AB 1054 was adopted.
The company said that if the settlement is approved, SCE will apply to the CPUC to finance the amounts through securitized bonds, and if that application is denied, the amounts will be recovered in rates over 5 years. It also said it expects a final decision in 3 to 6 months and receipt of securitization proceeds by the end of 2026.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Woolsey settlement seeks approval to recover 35% of about $5.6 billion in losses
The company said SCE will file a motion on September 19, 2025 seeking approval of the Woolsey Settlement Agreement, under which SCE would recover 35%, or about $2.0 billion, of about $5.6 billion in losses, subject to CPUC approval.
Source · Based on the filing body and exhibits
Recovery scope and amounts waived or excluded
The company said the losses to be recovered include about $1.6 billion of uninsured claims paid through May 31, 2025 and $0.4 billion in costs. It also said $250 million of uninsured claims and related financing costs are excluded from SCE's requests under the SED Agreement.
Source · Based on the filing body and exhibits
Restoration cost recovery and pre-AB 1054 loss waiver
The company said SCE will be authorized to recover $71 million of restoration costs of about $84 million and waived its right to seek recovery of about $157 million in uninsured losses from fires that ignited before AB 1054 was adopted.
Source · Based on the filing body and exhibits
Financing method and next steps
The company said that if the settlement is approved, SCE will apply to the CPUC to finance the amounts through securitized bonds, and if that application is denied, the amounts will be recovered in rates over 5 years. It also said it expects a final decision in 3 to 6 months and receipt of securitization proceeds by the end of 2026.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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