Edison International Files 8-K for Other Events

Ticker: EIX · Form: 8-K · Filed: 2024-08-29T00:00:00.000Z

Sentiment: neutral

Topics: disclosure, regulatory

Related Tickers: EIX

TL;DR

Edison Intl (EIX) filed an 8-K for other events - no major news yet.

AI Summary

Edison International filed an 8-K on August 29, 2024, to disclose other events and financial statements. The filing primarily serves as a notification of these events and does not contain specific financial performance details or material agreements within the provided text.

Why It Matters

This filing indicates Edison International is making disclosures beyond routine financial reporting, which could include significant operational updates or regulatory matters.

Risk Assessment

Risk Level: low — The filing is a standard procedural disclosure and does not contain information that immediately suggests increased risk.

Key Players & Entities

FAQ

What specific 'Other Events' are being disclosed by Edison International in this 8-K?

The provided text of the 8-K filing does not specify the nature of the 'Other Events' being disclosed, only that this item is being reported.

Are there any material financial updates or agreements detailed in this filing?

The filing is categorized under 'Other Events' and 'Financial Statements and Exhibits,' but the provided text does not contain specific details of financial performance or new agreements.

What is the significance of Edison International filing an 8-K on August 29, 2024?

Filing an 8-K on August 29, 2024, signifies that Edison International is reporting material information or events that are not covered by routine SEC filings.

Does this filing relate to any recent regulatory changes or legal proceedings?

The filing mentions 'Regulation FD Disclosure' and 'Other Events,' but the specific content regarding regulatory changes or legal proceedings is not detailed in the provided text.

What is the relationship between Edison International and Southern California Edison Co. as indicated in this filing?

The filing lists both Edison International and Southern California Edison Co. as filers, with Southern California Edison Co. identified as a subsidiary.

Filing Stats: 1,002 words · 4 min read · ~3 pages · Grade level 13.7 · Accepted 2024-08-29 07:30:30

Key Financial Figures

Filing Documents

01 Other Events

Item 7.01 Other Events Members of Edison International management will use the information in the presentation furnished as Exhibit 99.1 regarding the settlement discussed in Item 8.01 below in meetings with institutional investors and analysts and at investor conferences. The attached presentation will also be posted on www.edisoninvestor.com.

01 Other Events

Item 8.01 Other Events In August 2023, SCE filed an application with the California Public Utilities Commission ("CPUC") to seek cost recovery of prudently incurred losses related to the Thomas Fire, the Koenigstein Fire and the Montecito Mudslides ("TKM Events") and of restoration costs incurred related to the Thomas and Koenigstein Fires. On August 29, 2024, SCE will file a motion in the cost recovery proceeding seeking approval of a settlement agreement between SCE and the California Public Advocates Office (the "Settlement Agreement"). Other parties to the proceeding may oppose or take no position on the Settlement Agreement. Under the Settlement Agreement, if approved by the CPUC, SCE will be authorized to recover 60%, or approximately $1.6 billion, of approximately $2.7 billion of losses, consisting of approximately $1.3 billion of uninsured claims paid as of May 31, 2024, and $0.3 billion of costs, comprised of legal costs paid as of May 31, 2024, and estimated financing costs. SCE will also be authorized to recover 60% of losses paid after May 31, 2024, other than for $125 million of uninsured claims and related financing costs which SCE waived its right to seek recovery of under the SED Agreement entered into between SCE and the Safety and Enforcement Division of the CPUC in October 2021. Subject to approval of the Settlement Agreement, SCE will request approval from the CPUC to finance the amounts authorized under the Settlement Agreement through the issuance of securitized bonds. Further, SCE will be authorized to recover approximately $55 million of approximately $65 million in restoration costs incurred. In the Settlement Agreement, SCE also agreed to $50 million of shareholder-funded wildfire- and public safety-related system enhancements. If the Settlement Agreement is approved, under SCE's CPUC regulatory capital structure SCE will be allowed to permanently exclude any after-tax charges to equity associated with the costs disallowed or funded b

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits EXHIBIT INDEX Exhibit No. Description 99.1 Edison International Business Update Supplement: TKM Settlement Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EDISON INTERNATIONAL (Registrant) /s/ Kara G. Ryan Kara G. Ryan Vice President, Chief Accounting Officer and Controller Date: August 29, 2024 SOUTHERN CALIFORNIA EDISON COMPANY (Registrant) /s/ Kara G. Ryan Kara G. Ryan Vice President, Chief Accounting Officer and Controller Date: August 29, 2024

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