12:07 PM EDT, 09/19/2025 (MT Newswires) -- (Updates with Southern California Edison's comment in fifth paragraph.)

Edison International ( EIX ) subsidiary Southern California Edison has reached a settlement with several intervenors to allow it to recover about $2 billion of the $5.6 billion in losses tied to 2017-2018 wildfire and mudslide events, Reuters said Friday, citing the company.

Out of the $2 billion, Edison International ( EIX ) said about $1.6 billion consists of uninsured claims and $400 million comprises legal costs paid as of May 31, according to the report.

Southern California Edison is expected to receive the proceeds by the end of 2026, resulting in the recovery of 43% costs related to the 2017-2018 wildfire and mudslide events when combined with the pre-approved costs for Thomas and Koenigstein fires and Montecito Mudslides, Reuters said.

The agreements need to be approved by the California Public Utilities Commission, the report added.

"We believe this is a fair settlement," said Diane Castro, SCE spokesperson, in an emailed statement to MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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