$EIX

Consumer Watchdog says utility disclosures show PG&E, Edison, SDG&E and SoCalGas paid $604,757 (2023-2025) to groups tied to Wildfire Victims First, including $487,897 to the California Building Industry Association and $116,850 to the California Manufacturers & Technology Association. The watchdog alleges the coalition supports a wildfire bailout framework. Source: Consumer Watchdog.

Southern California Edison, a unit of Edison International (NYSE:EIX), said its Wildfire Recovery Compensation Program is in final months and continues to accept claims for Eaton Fire impacts. The U.S. House and Senate approved H.R.5366 to extend federal tax exclusion for qualified wildfire relief payments. As of Aug.14,2026: 4,250+ claims, 2,350+ offers, $820M offered, $410M paid.

Edison International (EIX) shares fell amid rising California political pressure over wildfire liability reform. Lawmakers are pushing back on the company’s warnings that, without a protective framework by Aug. 31, it could face credit downgrades and limits on capital deployment. The article notes recent legal developments eased Eaton Fire exposure temporarily, but uncertainty remains.

A coalition of California local governments, wildfire survivors, insurers, attorneys and consumer groups sent a letter opposing a late proposal backed by Gov. Gavin Newsom that they say would shift billions in wildfire-related costs from utility shareholders to policyholders, taxpayers and victims. Senate Energy Chair Ben Allen urged PG&E and Edison CEOs to explain alleged “threats” tied to liability reform, citing the Eaton Fire investigation.

A California judge tentatively denied insurers’ request to make Southern California Edison (SCE), a unit of Edison International, automatically liable for billions in property losses from the January 2025 Eaton Fire, Bloomberg reported. Los Angeles County investigators said electrical arcing from an out-of-service SCE transmission tower caused the fire. SCE said it supports recovery. SCE faces 998 lawsuits.

A California judge tentatively denied insurers’ bid to hold Edison International’s Southern California Edison automatically liable for billions in losses from the 2025 Eaton Fire. The Los Angeles County Fire Department said electrical arcing on an out-of-service tower caused the blaze. Edison shares rose about 3.1% on the news; a trial is set for next year.

A California judge tentatively denied insurers’ request to automatically hold Southern California Edison (a unit of Edison International) liable for billions in property losses from the January 2025 Eaton Fire, Reuters reported. The ruling followed investigators’ view that electrical arcing from an out-of-service SCE transmission tower caused the fire. SCE said it supports Altadena recovery. EIX faces 998 lawsuits.

Edison International (NYSE:EIX) shares rose about 3% after a California judge tentatively declined to hold Southern California Edison automatically liable for a 2025 Los Angeles-area wildfire without a trial, according to Bloomberg. The judge denied insurers’ request under a state utility-liability law. Lawyers discussed the ruling at a hearing, after the fire department linked the Eaton Fire to electrical arcing on an out-of-service tower.

Edison International (Edison) shares fell about 15% after the Eaton Fire report and CEO Pedro Pizarro warned that if state wildfire-liability reforms are not passed, credit agencies could downgrade the company. A county-state investigation tied the fire to sparking from Southern California Edison equipment. Edison reported Q2 core earnings of $592M ($1.54/share) and cited a PUC rate increase.

An initial and supplemental investigation report on the Jan. 7, 2025 Eaton Fire, released May 22 and July 22, says investigators used x-ray diffraction and metallurgy tests on metal from a tower in Eaton Canyon to determine the source was Southern California Edison (SCE) equipment, according to the reports. SCE said it likely agrees its equipment was associated with ignition and created a Wildfire Recovery Compensation Program.