8-KRegulation FDOther EventsExhibits & Filings

EDISON INTERNATIONAL 8-K Report, Regulation FD Disclosure (Sep 15, 2025)

Filed September 15, 2025For Securities:EIX

Summary

Edison International (EIX) has filed a Form 8-K detailing significant developments for Southern California Edison (SCE). A key announcement is the California Legislature's approval of Senate Bill 254 (SB 254), which is expected to be signed into law. This legislation is of material importance, and SCE has provided its interpretation via an investor presentation, which will be used in investor meetings and posted on the company's investor relations website. Additionally, SCE has reached a Subrogation Settlement related to the 2025 Eaton Fire litigation. Under this agreement, SCE will pay $0.52 for each dollar of claims paid or to be paid by the Subrogation Claimant to its policyholders, up to a cap. The Subrogation Claimant has already paid approximately $500 million to its policyholders. This settlement includes a release of all claims against SCE and Edison International related to the Eaton Fire. SCE also intends to seek reimbursement from the Wildfire Insurance Fund for eligible claims arising from the Eaton Fire.

Key Highlights

  • 1California Legislature approves Senate Bill 254 (SB 254), expected to become law.
  • 2Edison International management will use SB 254 information in investor discussions and post related materials online.
  • 3Southern California Edison (SCE) enters into a Subrogation Settlement for the 2025 Eaton Fire litigation.
  • 4Under the settlement, SCE to pay $0.52 per dollar of claims paid by the Subrogation Claimant, subject to a cap.
  • 5Subrogation Claimant had paid approximately $500 million to policyholders as of July 31, 2025.
  • 6The settlement includes a full release of claims against SCE and Edison International related to the Eaton Fire.
  • 7SCE believes the Eaton Fire is a 'covered wildfire' and will seek reimbursement from the Wildfire Insurance Fund.

Frequently Asked Questions

SB 254 has been approved by the California Legislature and is expected to become law. While the full impact is subject to the Governor's signature and detailed interpretation, its approval is considered a material development. Edison International and SCE are providing information and their interpretation of SB 254 to investors, indicating it will likely influence their operations or regulatory environment.

SCE has agreed to pay the Subrogation Claimant $0.52 for every dollar of claims that the claimant has paid or will pay to its policyholders, up to a specified limit. This settlement also includes a release of all past, present, and future claims against SCE and Edison International stemming from the Eaton Fire. This aims to resolve a significant portion of liabilities related to the fire.

SCE's direct financial responsibility under the Subrogation Settlement is capped at $0.52 for each dollar paid to policyholders, and the total payout is subject to an agreed-upon cap. Furthermore, SCE believes the Eaton Fire is a 'covered wildfire' and intends to seek reimbursement from the Wildfire Insurance Fund for eligible claims, which should mitigate the direct financial impact on the company.

Edison International has furnished a presentation detailing their interpretation of SB 254 as an exhibit to this 8-K filing. This presentation will also be available on www.edisoninvestor.com under the 'Presentations and Updates' section. Details regarding the Subrogation Settlement are also provided in Item 8.01 of this 8-K filing.