Lack of wildfire reform is having ‘dire and escalating impacts’: SCE

Utility Dive · Diana DiGangi · 2026-10-30 11:10 UTC

“While we remain confident that California policymakers will ultimately take action, delay into 2027 will have significant and costly consequences,” said Edison International CEO Pedro Pizarro.

Wildfire liability reform is key to the financial health of Southern California Edison, ideally in the form of a long-term solution that “includes a clear and durable liquidity source for funding claims resolution, and a true shareholder liability cap that is not connected to the Wildfire Fund,” said Pedro Pizarro, president and CEO of Southern California Edison’s parent company Edison International, on a Thursday earnings call.

Pizarro voiced many of the same concerns — such as credit rating stability and potential impacts to customers — expressed by his fellow California utility CEO, PG&E Corp.’s Patti Poppe, during PG&E’s earnings call last week.

“We estimate that the currently elevated credit spreads could cost customers an incremental $300 million over the life of the bonds we expect SCE will issue in 2027 alone,” Edison International’s Chief Financial Officer Aaron Moss said during the call.

Read the full story at Utility Dive · All coverage of this story