The following table presents settlements paid. | | | | | | | | | | | | (in millions) | Inception to March 31, 2026 | Three months ended March 31, 2026 | | | | 2017/2018 Wildfire/Mudslide Events | $ | 9,697 | | $ | 9 | | | | | Other Wildfire Events | 966 | | 23 | | | | Eaton Fire | 280 | | 43 | | | | | Total | $ | 10,943 | | $ | 75 | | | |
The following table presents changes in accrued losses since December 31, 2025. | | | | | | | | | | | | | | | | (in millions) | 2017/2018 Wildfire/Mudslide Events | Other Wildfire Events | Eaton Fire | Total | | Balance at December 31, 2025 | $ | 192 | | $ | 217 | | $ | 897 | | $ | 1,306 | | | Increase in accrued losses | — | | 1 | | 161 | | 162 | | | Amounts paid | (9) | | (23) | | (43) | | (75) | | Balance at March 31, 2026 | $ | 183 | | $ | 195 | | $ | 1,015 | | $ | 1,393 | |
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 Events | Other Wildfire Events | Eaton Fire | Total | | Current portion of wildfire-related claims liabilities1 | $ | 32 | | $ | 1 | | $ | 523 | | $ | 556 | | | Long term wildfire-related claims liabilities2 | 151 | | 194 | | 492 | | 837 | | | Total balance at March 31, 2026 | $ | 183 | | $ | 195 | | $ | 1,015 | | $ | 1,393 | | |
| | | | | | | | | | | | | | | | | (in millions) | 2017/2018 Wildfire/Mudslide Events | Other Wildfire Events | | Eaton Fire | Total | Current portion of wildfire-related claims liabilities1 | $ | 31 | | $ | 4 | | | $ | 550 | | $ | 585 | | Long term wildfire-related claims liabilities2 | 161 | 213 | | 347 | | 721 | | Total balance at December 31, 2025 | $ | 192 | | $ | 217 | | | $ | 897 | | $ | 1,306 | |
1At March 31, 2026, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $6 million of settlements executed and $26 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 March 31, 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 $137 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 months ended March 31, 2026 and 2025, SCE recorded wildfire-related claims, net of expected recoveries as follows: | | | | | | | | | | | | | | | Three months ended March 31, 2026 | | (in millions) | | Other Wildfire Events | Eaton Fire | Total | | Wildfire-related claims | | $ | 1 | | $ | 161 | | $ | 162 | | Reversal of expected recoveries from insurance and third parties | | 39 | | — | | 39 | | | | | | | | Expected recoveries from Wildfire Fund | | — | | (161) | | (161) | | Expected recoveries from CPUC customers | | (47) | | — | | (47) | | Expected recoveries from FERC customers | | (3) | | — | | (3) | | Total pre-tax (gain)/charge | | (10) | | — | | (10) | | Income tax expense/(benefit) | | 3 | | — | | 3 | | Total after-tax (gain)/charge | | $ | (7) | | $ | — | | $ | (7) | |
| | | | | | | | | | | | | Three months ended March 31, 2025 | | (in millions) | 2017/2018 Wildfire/Mudslide Events | Other Wildfire Events | Total | | 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 | — | | 3 | | 3 | | Total pre-tax gain | (1,341) | | (14) | | (1,355) | | Income tax expense | 375 | | 4 | | 379 | | Total after-tax gain | $ | (966) | | $ | (10) | | $ | (976) | |
1For the three months ended March 31, 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 March 31, 2026 and December 31, 2025. For recoveries related to the 2017/2018 Wildfire/Mudslide Events, see below discussion in "—Recoveries through Electric Rates." | | | | | | | | | | | | | | | March 31, 2026 | | (in millions) | | Other Wildfire Events | Eaton Fire | Total | | Expected recoveries from customer-funded wildfire self-insurance | | $ | — | | $ | 682 | | $ | 682 | | Long-term receivables from insurance and third parties | | 170 | | — | | 170 | | Long-term receivables from Wildfire Fund recoveries1 | | — | | 295 | | 295 | | | FERC-related balancing accounts | | 13 | | 61 | | 74 | | | CPUC-regulatory assets | | 146 | | — | | 146 | | | Total | | $ | 329 | | $ | 1,038 | | $ | 1,367 | |
| | | | | | | | | | | | | | | | December 31, 2025 | | | (in millions) | | Other Wildfire Events | Eaton Fire | Total | | | 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 accounts | | 20 | | 70 | | 90 | | | | CPUC-regulatory assets | | 96 | | — | | 96 | | | | Total | | $ | 353 | | $ | 913 | | $ | 1,266 | | |
1As of March 31, 2026, no amounts have been recovered from the Wildfire Fund.
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