California Regulators Approve Rate Hike for Southern California Edison to Cover 2017 Wildfire Costs

The $1.7 billion settlement shifts most costs of the Thomas Fire and Montecito debris flows to ratepayers, sparking criticism over consumer burden.

The California Public Utilities Commission approved a $1.7 billion rate increase for Southern California Edison customers to cover claims from the 2017 Thomas Fire and 2018 Montecito debris flows.
Investigators determined the Thomas Fire, which burned over 280,000 acres and caused two deaths, was sparked by Edison’s equipment, with subsequent debris flows killing 23 people.
The decision, passed in a 4-0 vote, allows Edison to spread the cost over 30 years, raising the average customer’s monthly bill by approximately $1.
Critics, including state legislators, argue the decision unfairly shifts the financial burden to customers while failing to hold the utility accountable for negligence.
Edison is also seeking approval for a separate $5.4 billion rate increase related to the 2018 Woolsey Fire, with a decision pending from regulators.