The Justice Department is suing Southern California Edison for about $77 million in damages, alleging the utility provider’s negligence caused two deadly wildfires https://t.co/6LPu64NPmn ...

The US asked a federal court to force Southern California Edison to pay for fighting a pair of wildfires that were believed to have originated from its power lines, including the deadly Eaton Fire that destroyed thousands of structures https://t.co/xy9DpLN7Cu ...

Southern California Edison will set up a program to compensate victims of a deadly Los Angeles wildfire that it has acknowledged may be linked to the company’s electrical equipment https://t.co/M7so4UoFqw ...

Core Viewpoint - Edison International is facing potential legal claims from investors due to the impact of wildfires in January 2025, which may have been caused by its subsidiary Southern California Edison’s electrical equipment [2][3] Group 1: Wildfire Incident and Impact - A series of wildfires began in early January 2025, significantly affecting the Los Angeles area, including regions serviced by Southern California Edison (SCE) [2] - Evidence suggests that SCE's electrical equipment may have initiated some of the wildfires, leading to multiple lawsuits against Edison and SCE from individual plaintiffs and municipalities [2] - Edison has acknowledged that it is "probable" to incur "material losses" due to the wildfires, and its stock price has significantly declined since the incidents began, resulting in substantial losses for shareholders [2] Group 2: Legal Actions and Investigations - An investor class action lawsuit has been filed against Edison in the U.S. District Court for the Central District of California, claiming that the company made false and misleading statements regarding its safety practices [2] - Schubert Jonckheer & Kolbe LLP is investigating potential negligence or wrongdoing by Edison's officers and directors in relation to the wildfires and the subsequent legal claims [3]

Financial Performance - Edison International's Q1 2025 GAAP EPS was $3.73[6], while Core EPS was $1.37[6] - The company reaffirmed its 2025 Core EPS guidance of $5.94–6.34[6] - Edison International anticipates a 5–7% Core EPS Compound Annual Growth Rate (CAGR) from 2025 to 2028, projecting EPS of $6.74–7.14 in 2028[5] Regulatory and Capital Investments - The company has a capital program of $38–43 billion for 2023–2028, supporting a projected rate base growth of approximately 6–8%[25] - SCE filed for a 2026 Cost of Capital, requesting an ROE of 11.75% compared to the 2025 authorized ROE of 10.33%[11] - SCE's 2025 General Rate Case (GRC) requests annual revenue requirement increases of approximately $1.9 billion in 2025, $670 million in 2026, $750 million in 2027, and $730 million in 2028[12] Wildfire and Legal Matters - The TKM settlement was approved, leading to a one-time Core EPS impact of approximately $0.30 and an annual interest expense reduction of $0.14[31] - SCE is pursuing cost recovery for the Woolsey fire, with a request of approximately $5.4 billion[28] - Approximately $1.6 billion will be recovered through securitization of AB 1054 capital expenditures[34]