Southern California Edison Seeks to Recover $1.6 Billion of Wildfire-Related Losses
Aug. 29, 2024
Southern California Edison, a unit of utility Edison International, said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018.
Under the agreement with the California Public Utilities Commission, if approved, the company would be authorized to recover about $1.6 billion of the $2.7 billion in losses related to the Thomas Fire, Koenigstein Fire and Montecito Mudslides.
