Southern California Edison has reached a settlement agreement with several intervenors to allow the utility to recover about $2 billion of $5.6 billion in losses tied to the 2017–2018 wildfire and mudslide events.
Out of the $2 billion, about $1.6 billion consists of uninsured claims and $400 million comprises of legal costs paid as of May 31 this year, the company’s parent, Edison International, said on Friday.
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The costs are primarily related to the Woolsey fire of 2018 that burned 96,949 acres of land