8-KRegulation FDOther EventsExhibits & Filings

EDISON INTERNATIONAL 8-K Report, Regulation FD Disclosure (Mar 14, 2019)

Filed March 14, 2019For Securities:EIX

Summary

This 8-K filing from Edison International (EIX) on March 14, 2019, primarily concerns a press release issued by its principal subsidiary, Southern California Edison (SCE), regarding a report on the causes of the Anlauf Canyon ignition point of the Thomas Fire. The report, issued by CAL FIRE and the Ventura County Fire Department (VCFD), alleges that SCE's equipment was involved in this ignition point. This is in addition to SCE's previously disclosed association with another ignition point of the Thomas Fire near Koenigstein Road. Investors should note that SCE disputes the findings regarding the Anlauf Canyon ignition, presenting evidence that suggests the fire started prior to any involvement of its systems. The company has not yet had the opportunity to fully inspect the evidence or equipment in question.

Key Highlights

  • 1SCE's equipment is alleged to be involved in the Anlauf Canyon ignition point of the Thomas Fire, as per a report by CAL FIRE and VCFD.
  • 2This allegation adds to SCE's previously acknowledged association with the Koenigstein Road ignition point of the Thomas Fire.
  • 3SCE disputes the report's findings regarding the Anlauf Canyon ignition, citing evidence that the fire started before any issue with its equipment.
  • 4SCE has not received all attachments to the CAL FIRE/VCFD report and has not been able to inspect relevant equipment.
  • 5The company has not yet determined if its equipment caused the Anlauf Canyon ignition.
  • 6Final liability determinations are expected to be made through lengthy litigation processes.

Frequently Asked Questions

The main concern is a report by CAL FIRE and VCFD alleging that SCE's equipment was involved in the Anlauf Canyon ignition point of the Thomas Fire. This report adds to previous disclosures about SCE's equipment being associated with another ignition point of the same fire.

No, SCE disputes the findings. The company has provided evidence suggesting the Anlauf Canyon ignition started at least 12-15 minutes prior to any issue involving SCE's system, and before the start time indicated by VCFD in its report.

Based on currently available information, SCE has not determined whether its equipment caused the ignition in the Anlauf Canyon area. The company also notes that final determinations of liability will only be made through complex and lengthy litigation processes.

No, SCE has not received all attachments to the report from CAL FIRE and VCFD, nor has it been able to inspect equipment in their possession that was located in the Anlauf Canyon area.