8-KRegulation FDExhibits & Filings

EDISON INTERNATIONAL 8-K Report, Regulation FD Disclosure (Jan 10, 2018)

Filed January 10, 2018For Securities:EIX

Summary

Edison International (EIX) reported via an 8-K filing on January 10, 2018, that key parties involved in the San Onofre Order Instituting Investigation have continued mediated settlement discussions. The parties anticipate serving a notice of settlement conference within 15 days, a procedural step required by the California Public Utilities Commission (CPUC) before any settlement can be finalized. This development indicates ongoing efforts to resolve issues related to the San Onofre Nuclear Generating Station. While a settlement conference is planned, there is no guarantee a settlement will be reached, signed, or ultimately approved by the CPUC. The terms of these discussions remain confidential, and any potential settlement would be subject to CPUC review and approval, which could include evidentiary hearings and appeals. Investors should monitor future filings for any updates on settlement progress and CPUC decisions.

Key Highlights

  • 1Parties in the San Onofre Order Instituting Investigation have continued mediated settlement discussions.
  • 2A notice of settlement conference is anticipated to be served within 15 days.
  • 3The CPUC requires advance notice and a settlement conference before any settlement can be signed.
  • 4All settlement terms are confidential unless all parties agree to disclose or a settlement is signed.
  • 5There is no assurance that a settlement agreement will be signed or approved by the CPUC.
  • 6The CPUC has discretion in approving any settlement, which may involve evidentiary hearings and appeals.

Frequently Asked Questions

The ongoing settlement discussions are significant because they represent continued efforts by various parties, including Southern California Edison, to resolve issues related to the San Onofre Nuclear Generating Station. This could lead to a resolution and closure for matters pertaining to the plant's closure and associated costs.

A settlement conference is a mandatory procedural step under CPUC rules. It provides an opportunity for all parties involved in the proceeding to discuss potential settlements. Prior to signing any settlement, parties must provide advance notice and hold at least one conference to allow for discussion.

No, the terms discussed by the parties are confidential and cannot be disclosed outside the negotiations without the consent of all participating parties. This confidentiality extends to the settlement conference, unless parties mutually agree to release terms or a formal settlement agreement is signed and disclosed.

There is no assurance that a settlement agreement will be signed, nor that it will be approved by the CPUC. The CPUC has full discretion to approve or disapprove any proposed settlement, and its decision may involve further review, including potential evidentiary hearings and appeals. Investors should watch for future updates on this matter.