Southern California Edison to Launch Eaton Fire Wildfire Compensation Program This Fall

Edison International (NYSE:EIX) is among the 13 Best Electrical Infrastructure Stocks to Invest In. A Wildfire Recovery Compensation Program for Eaton Fire victims will be launched by Edison International (NYSE:EIX)’s company, Southern California Edison (SCE), and is anticipated to start this fall.

The voluntary program covers damages like structural damage, business interruption, smoke, ash, injuries, and fatalities, and seeks to provide prompt, equitable compensation to affected persons and businesses. Nationally renowned compensation fund administration specialists Kenneth Feinberg and Camille Biros are consulting on the initiative’s design.

Pedro J. Pizarro, president of SCE and CEO of Edison International (NYSE:EIX), pointed out the significance of offering financial assistance prior to the conclusion of the fire investigation so that impacted communities can concentrate on reconstruction. The program will continue to run until 2026 and will not charge administrative, legal, or application expenses. Feinberg and Biros, recognized for their work on the September 11th Victim Compensation Fund, will guide program structure but not claim evaluations. Edison International (NYSE:EIX)’s SCE continues to invest in grid resilience, with 63 miles of undergrounding in Altadena. It is one of the Best Electrical Equipment Stocks.

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