Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 110

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 7
Chunk 110
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 in the preliminary area of origin. The SED is also conducting an investigation with respect to the Eaton Fire. Multiple lawsuits related to the Eaton Fire have been initiated against SCE and Edison International. SCE’s ongoing internal review into the facts and circumstances of the Eaton Fire is complex and will require significant time. SCE's review includes ongoing inspections of its facilities and records and of third-party information, including analysis of concerning images and videos that suggest a possible link to SCE's transmission facilities in the preliminary area of origin, and testing. As of April 29, 2025, based on the information it has reviewed, SCE has not conclusively determined that its equipment was associated with the ignition of the Eaton Fire. SCE is also not aware of evidence conclusively 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. Given SCE's ongoing review into the cause of the Eaton Fire and, among other things, the complexities associated with estimating damages, uncertainties as to the causes that contributed to damages and the preliminary stage of formulating litigation strategies, 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 March 31, 2025Three months ended March 31, 2025 2017/2018 Wildfire/Mudslide Events$9,553 $99 Other Wildfire Events629 65 Total $10,182 $164 

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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(99)(65)(164)Balance at March 31, 2025$327 $531 $858 Edison International's and SCE's condensed consolidated balance sheets included fixed payments to be made under executed settlement