SCE records $1.6B Eaton Fire settlements, recovers $1.6B via self-insurance/Wildfire Fund

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read

Key Changes

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  SCE recorded $1.6B in Eaton Fire settlements offset by $917M customer self-insurance recovery, $645M Wildfire Fund recovery, and $70M FERC recovery, netting to $9M after-tax earnings impact (shareholder contribution). Litigation expanded from ~300 lawsuits (4,500 plaintiffs) to ~2,000 lawsuits (32,000 plaintiffs); bellwether trial set Jan 2027.

  Legal Proceedings: Eaton Fire settlements verify on EDGAR →
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  SCE upgraded Eaton Fire ignition assessment from 'could have been associated' to 'likely that its equipment was associated,' identifying a de-energized idle transmission facility in the preliminary origin area. LA District Attorney opened criminal investigation; SCE states it is 'not aware of any basis for felony liability' but acknowledges potential material fines/penalties.

  Legal Proceedings: Eaton Fire cause determination verify on EDGAR →
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  CPUC approved TKM Settlement Agreement (Jan 2025) authorizing 60% recovery of ~$2.7B in losses (~$1.6B recovery) and Woolsey Settlement Agreement (Dec 2025) authorizing 35% recovery of ~$5.6B in losses (~$2.0B recovery), establishing first CPUC-approved recoveries for pre-AB 1054 wildfire losses.

  Legal Proceedings: TKM and Woolsey Settlement Agreements verify on EDGAR →