Edison International (EIX) is higher today as investors react to fresh progress on Southern California Edison’s Eaton Fire-related compensation efforts, with the company highlighting that its Wildfire Recovery Compensation Program has issued roughly 1,500 offers totaling more than $500 million. The update is being read as a de-risking signal around a key overhang for the utility: wildfire claims trajectory and the pace of resolution.

The rally is also being supported by the post-earnings setup from earlier this week. Edison reported Q1 core EPS of $1.42, topping the $1.32 consensus estimate, while reaffirming 2026 core EPS guidance of $5.90–$6.20 and reiterating its long-term capital plan and expectation of no new common equity issuance through 2030—points that can matter for utilities investors focused on financing risk and dilution.

Even with the positive read-through from accelerating offers, wildfire exposure remains a headline and valuation driver for EIX, because the ultimate liability and participation levels are still uncertain. Traders will be watching for additional disclosures on claims intake, acceptance rates, cash payments versus offers, and any regulatory or legislative developments that could affect the cost-of-capital and the mechanics of wildfire cost recovery in California.