Earnings Calls News and Headlines

Without Wildfire Reform, California Utilities Could See Credit Impacts: Edison International

Edison International warned that without new California wildfire liability reforms, utilities could see credit rating downgrades that would raise borrowing costs across the state. A state‑commissioned report proposes a $4 billion outlay and three pathways—hardening, expanded insurance, and a fortified Wildfire Fund—to protect utilities from bankruptcy. Southern California Edison has already offered more than $500 million to 3,800 claimants while confronting roughly 2,000 lawsuits involving 30,000 plaintiffs. The utility’s five‑year capital plan stays at $38‑$41 billion, with a $3.1 billion request for AI‑enabled advanced metering.