Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 123

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 123
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 and of third-party information and testing. While SCE has not conclusively determined that its equipment caused the ignition of the Eaton Fire, concerning circumstantial evidence suggests that SCE's transmission facilities in the preliminary area of origin could have been associated with the ignition of the fire. Additionally, SCE is not aware of evidence pointing to another possible source of ignition. Absent additional evidence, SCE believes that its equipment could have been associated with the ignition of the Eaton Fire and, in light of pending litigation, that it is probable that Edison International and SCE will incur material losses in connection with the Eaton Fire. In July 2025, SCE announced that it would launch a program in the fall of 2025 that will allow individual plaintiffs to seek expedited resolution of their claims. Given SCE's ongoing review into the cause of the Eaton Fire and, among other things, the complexities associated with estimating damages, uncertainties related to the sufficiency of insurance held by plaintiffs and uncertainties related to litigation processes, Edison International and SCE are currently unable to reasonably estimate a range of losses that may be incurred.Settlement of ClaimsThe following table presents settlements paid:(in millions)Inception to June 30, 2025Three months ended June 30, 2025Six months ended June 30, 20252017/2018 Wildfire/Mudslide Events$9,612 $59 $158 Other Wildfire Events691 62 127 Total $10,303 $121 $285 

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Edison International and SCE have not admitted wrongdoing or liability as part of any settlements related to the 2017/2018 Wildfire/Mudslide Events or the Other Wildfire Events. SCE continues to explore reasonable settlement opportunities with plaintiffs in outstanding wildfire litigation.Loss EstimatesThe following table presents changes in estimated losses since December 31, 2024:(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalBalance at December 31, 2024$426 $575 $1,001 Increase in accrued estimated losses— 21 21 Amounts paid(158)(127)(285)Balance at June 30, 2025$268 $469 $737 Edison International's and SCE's condensed consolidated balance sheets included fixed payments to be made under executed settlement agreements and accrued estimated losses presented in the tables below:(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalCurrent portion of Wildfire-related claims liabilities1