{"id":1007615,"date":"2026-10-01T13:52:02","date_gmt":"2026-10-01T17:52:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sce-extends-more-than-1-billion-in-compensation-offersto-community-members-impacted-by-the-eaton-fire\/"},"modified":"2026-10-01T13:52:02","modified_gmt":"2026-10-01T17:52:02","slug":"sce-extends-more-than-1-billion-in-compensation-offersto-community-members-impacted-by-the-eaton-fire","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sce-extends-more-than-1-billion-in-compensation-offersto-community-members-impacted-by-the-eaton-fire\/","title":{"rendered":"SCE Extends More Than $1 Billion in Compensation Offersto Community Members Impacted by the Eaton Fire"},"content":{"rendered":"

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SCE Extends More Than $1 Billion in Compensation Offers<\/b>to Community Members Impacted by the Eaton Fire<\/b><\/p>\n

More than 15,300 individuals, families and businesses have turned directly to SCE to seek compensation from the Wildfire Recovery Compensation Program.<\/i><\/p>\n

ROSEMEAD, Calif.–(BUSINESS WIRE<\/a>)–
\nMarking a milestone in the continued support of the greater Altadena community and its recovery from the Eaton Fire, Southern California Edison has offered more than $1 billion in compensation through its Wildfire Recovery Compensation Program<\/a>. The voluntary program provides eligible community members with a fair, fast and certain alternative to litigation, offering a streamlined path to compensation that can be measured in weeks or months rather than years spent navigating legal proceedings and more extensive documentation requirements.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20261001836695\/en\/<\/a><\/p>\n

\n\u201cMeaningful relief is reaching thousands of people as they move forward with their recovery,\u201d said Pedro J. Pizarro, president and CEO of Edison International, SCE\u2019s parent company. \u201cThe program is designed to provide a fair and fast path to compensation, and we remain committed to helping community members understand their options.\u201d<\/p>\n

\nMore than 15,300 community members have already sought compensation directly from SCE through the program. For many participants<\/a>, compensation through the program has helped provide financial stability and support rebuilding efforts as recovery continues.<\/p>\n

\n\u201cI didn\u2019t think I qualified,\u201d said Mary Bloebaum, a Pasadena homeowner whose property experienced smoke and ash damage from the Eaton Fire. \u201cWhen I got my check, I was quite shocked. I\u2019m very grateful because it has allowed me to get back to normalcy.\u201d<\/p>\n

\n\u201cWhen I got the letter of compensation, I look at it, I turn around, I look at it again, and I think, \u2018This is real, I\u2019ll go ahead and agree.\u2019 It is enough to help me with the rebuild, appliances, furniture \u2014 anything that I may end up needing,\u201d said Wylda Cottrell, an Altadena resident of more than 30 years who lost her home in the wildfire and is now rebuilding.<\/p>\n

\n\u201cThis settlement has allowed me to be at the home that is to be my forever home,\u201d said Mary Jo Peterson, a longtime Altadena resident whose apartment was destroyed in the Eaton Fire.<\/p>\n

\nLess than two months remain to submit a claim<\/a>. Claims received by Nov. 30, 2026, will be reviewed and processed through completion, even if validation and offer generation continue beyond the submission deadline, provided claimants remain responsive to requests for information and communications related to their claim. Eligible community members who do not submit a claim by Nov. 30, 2026, will no longer have the opportunity to learn what compensation may be available to them through the streamlined program.<\/p>\n

$1 Billion and Counting<\/b><\/p>\n

\nNearly 7,200 claimants have received compensation offers, totaling more than $1 billion. Nearly 80% of offers have been accepted, with more pending. Only about 2% of offers have been declined.<\/p>\n

\nCommunity members who believe a Fast Pay offer does not adequately reflect their losses may request a Detailed Review, a step taken by more than 3% of claimants to date. Claims must be submitted by Nov. 30, 2026, to preserve this option.<\/p>\n

\nCompensation amounts vary significantly based on the claim, from payments to renters with smoke and ash damage in Zone 2 of the Eligibility Area to larger payments for complex total losses. Available insurance also factors into certain compensation categories and payments from the program. Through September 2026:<\/p>\n