Plan Reflects Input from Community and Key Stakeholders with a Focus on Resilience
ROSEMEAD, Calif., April 11, 2025--(BUSINESS WIRE)--Southern California Edison today provided an initial comprehensive plan to rebuild the impacted electrical distribution infrastructure in the Altadena and Malibu areas affected by the January wildfires. The plan focuses on increasing reliability and long-term resilience, including the undergrounding of new distribution equipment. SCE’s preliminary plan would underground 153 circuit miles: 130 circuit miles, which includes nearly all distribution power lines in High Fire Risk Areas (HFRA) within the burn scars of the affected communities — plus 23 circuit miles in areas of Altadena not in HFRA. An additional 19 circuit miles in Altadena are being evaluated.
SCE laid out a detailed plan in a letter to Governor Gavin Newsom, summarizing work and areas for collaboration with local, state and federal government; nonprofit and technology partners; and community members. The cost of the rebuild is estimated at $860M to $925M. SCE will work to find efficiencies and seek funds from various entities to make the plan a reality.
"Just three months have passed since the devastating wildfires, and all of us at Edison continue to keep those affected in our thoughts. We’re working closely with state and county leaders and the communities of Altadena and Malibu to rebuild wildfire-impacted areas stronger than ever," said Pedro J. Pizarro, president and CEO of Edison International, SCE’s parent company. "SCE’s rebuilding plan will underground electrical distribution infrastructure where feasible and make the most of breakthrough technologies to reduce wildfire risk."
"Governor Newsom’s leadership during this tragedy has been instrumental, contributing to an environment where SCE could design and permit projects in a matter of weeks instead of what would usually take years," Pizarro said, adding that continued collaboration to streamline projects and secure funding resources is needed to rebuild wildfire-impacted communities without delay.
"SCE will build back a resilient, reliable grid for our customers," said Steven Powell, president and CEO of SCE. "We are increasing electrical capacity in fire-impacted communities and exploring advanced technologies, such as battery backup for critical care customers and smart panels, to better serve our customers. We will continue to engage community members to make sure their views remain a critical part of the rebuild. I am proud to work alongside SCE colleagues as we support our communities and build a resilient, clean and affordable energy future."
Edison International has acknowledged the possibility of SCE’s equipment being involved in the cause of the Eaton Fire. The investigation is ongoing, and the company remains committed to transparency with the public. While some parties have initiated litigation, this in no way affects our commitment to support SCE communities as we rebuild together. The rebuilding plan includes:
SCE has conducted over 50 community engagements, town halls and listening sessions since January to develop the plan. Discussions will continue in the weeks and months ahead and be used to refine SCE’s rebuilding plan.
About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250411804069/en/
Contacts
Media Relations: (626) 302-2255
News@sce.com
Investor Relations: Sam Ramraj, (626) 302-2540
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。