v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Contingency Accruals and Changes
The following table presents settlements paid.
(in millions)
Inception to June 30, 2026
Three months ended June 30, 2026Six months ended June 30, 2026
2017/2018 Wildfire/Mudslide Events$9,707 $10 $19 
Other Wildfire Events1,028 62 85 
Eaton Fire
517 237 280 
Total $11,252 $309 $384 
The following table presents changes in accrued losses since December 31, 2025.
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire Events
Eaton Fire
Total
Balance at December 31, 2025$192 $217 $897 $1,306 
Increase in accrued losses— 511 512 
Amounts paid(19)(85)(280)(384)
Balance at June 30, 2026
$173 $133 $1,128 $1,434 
Edison International's and SCE's condensed consolidated balance sheets included fixed payments to be made under settlements and accrued estimated losses presented in the tables below.
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsEaton FireTotal
Current portion of wildfire-related claims liabilities1
$24 $$781 $808 
Long-term wildfire-related claims liabilities2
149 130 347 626 
Total balance at June 30, 2026
$173 $133 $1,128 $1,434 
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsEaton FireTotal
Current portion of wildfire-related claims liabilities1
$31 $$550 $585 
Long-term wildfire-related claims liabilities2
161213347 721 
Total balance at December 31, 2025
$192 $217 $897 $1,306 
1At June 30, 2026, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $24 million of short-term payables under the SED Agreement. At December 31, 2025, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $6 million of settlements executed and $25 million of short-term payables under the SED Agreement.
2At June 30, 2026, long-term wildfire-related claims related to 2017/2018 Wildfire/Mudslide Events consisted of $14 million of long-term payables under the SED Agreement and $135 million of estimate of expected losses for remaining alleged and potential claims. At December 31, 2025, long-term wildfire-related claims related to 2017/2018 Wildfire/Mudslide Events consisted of $17 million of long-term payables under the SED Agreement and $144 million of estimate of expected losses for remaining alleged and potential claims.
For the three and six months ended June 30, 2026, SCE recorded wildfire-related claims, net of expected recoveries as follows:
Three months ended June 30, 2026
(in millions)
Eaton Fire
Total
Wildfire-related claims$350 $350 
Expected recoveries from Wildfire Fund(350)(350)
Total pre-tax (gain)/charge
— — 
Income tax expense/(benefit)
— — 
Total after-tax (gain)/charge
$— $— 
Six months ended June 30, 2026
(in millions)Other Wildfire Events
Eaton Fire
Total
Wildfire-related claims$$511 $512 
Reversal of expected recoveries from insurance and third parties
39 — 39 
Expected recoveries from Wildfire Fund— (511)(511)
Expected recoveries from CPUC customers
(47)— (47)
Expected recoveries from FERC customers
(3)— (3)
Total pre-tax gain
(10)— (10)
Income tax expense
— 
Total after-tax gain
$(7)$— $(7)
For the three months ended June 30, 2025, there were no wildfire-related claims, net of expected recoveries on SCE's condensed consolidated statements of income. For the six months ended June 30, 2025, SCE recorded wildfire-related claims, net of expected recoveries as follows:
Six months ended June 30, 2025
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotal
Wildfire-related claims$— $21 $21 
Expected recoveries from insurance and third parties1
— (82)(82)
Expected (recoveries from)/refund to CPUC customers
(1,341)44 (1,297)
Expected refund to FERC customers
— 
Total pre-tax gain
(1,341)(14)(1,355)
Income tax expense
375 379 
Total after-tax gain
$(966)$(10)$(976)
1For the six months ended June 30, 2025, EIS incurred $50 million insurance expenses, which consisted of $47 million of wildfire claims and $3 million of related legal costs.
The following tables summarize expected recoveries from insurance and third parties, the Wildfire Fund, and through electric rates for the Other Wildfire Events and the Eaton Fire as of June 30, 2026 and December 31, 2025. For recoveries related to the 2017/2018 Wildfire/Mudslide Events, see below discussion in "—Recoveries through Electric Rates."
June 30, 2026
(in millions)Other Wildfire EventsEaton FireTotal
Expected recoveries from customer-funded wildfire self-insurance$— $487 $487 
Long-term receivables from insurance and third parties
170 — 170 
Long-term receivables from Wildfire Fund recoveries1
— 645 645 
FERC-related balancing accounts14 61 75 
CPUC-regulatory assets146 — 146 
Total$330 $1,193 $1,523 
December 31, 2025
(in millions)Other Wildfire EventsEaton FireTotal
Expected recoveries from customer-funded wildfire self-insurance$— $709 $709 
Long-term receivables from insurance and third parties
237— 237 
Long-term receivables from Wildfire Fund recoveries— 134 134 
FERC-related balancing accounts20 70 90 
CPUC-regulatory assets96 — 96 
Total$353 $913 $1,266 
1As of June 30, 2026, no amounts have been recovered from the Wildfire Fund.