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More Than $650 Million Offered as SCE Continues Relief for Community Members Impacted by Eaton Fire

businesswire.com
EIX The article discusses Southern California Edison's wildfire recovery compensation program, which is a subsidiary of Edison International. While the program aims to provide relief, the article focuses on the process and amounts of compensation rather than the financial performance or future prospects of Edison International itself.

More Than $650 Million Offered as SCE Continues Relief for Community Members Impacted by Eaton Fire ROSEMEAD, Calif.--( BUSINESS WIRE)--Southern California Edison today announced that relief efforts for community members impacted by the Eaton Fire continue to advance, with over $650 million offered through the Wildfire Recovery Compensation Program. More than 70% of offers have been accepted, with additional decisions pending, as more participants move from claims to compensation.

“We know recovery doesn’t happen all at once — it happens one step at a time,” said Pedro J. Pizarro, president and CEO of Edison International, SCE’s parent company. “Each offer and payment represent a meaningful step forward, and we’re committed to helping more community members reach these points as quickly as possible.”

As of June 4:

Compensation amounts vary significantly based on the nature of a claim, from payments to renters with smoke and ash damage in Zone 2 of the Eligibility Area to larger payments for complex total losses. Available insurance also factors into certain compensation categories and payments from the program. Real examples include:

See how multiple forms of compensation come together in these examples.

On average, offers are being delivered within 35 days, well within the 90-day commitment following submission of a substantially complete claim. Payments are made within 30 days after all conditions in the settlement agreement have been satisfied. Many payments are being processed in a fraction of that time.

Submitting a claim, on average, takes under two hours. To date:

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. Whether pursued through litigation or SCE’s claims process, wildfire claims are typically resolved through a signed agreement. Through the Wildfire Recovery Compensation Program, this resolution — and compensation — can come much sooner.

Filing a claim does not waive a claimant’s rights. Receiving an offer does not waive rights either. The program is voluntary and available through Nov. 30, 2026.

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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.