Edison International Seeks Approval for Woolsey Fire Settlement
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Edison International's subsidiary, Southern California Edison, has filed a motion with the California Public Utilities Commission to approve a settlement related to the 2018 Woolsey Fire. If approved, SCE could recover 35% of its $5.6 billion losses, approximately $2 billion. This settlement aims to mitigate financial impacts from recent wildfires and enhance SCE's financial stability. Current analyst ratings for EIX stock suggest a Sell with a $61.00 price target, while AI analysis indicates an Outperform rating, highlighting strong valuation despite challenges.
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