Edison International Profit Triples to $4.5B; Exec Pay Up Over 20%
Pedro Pizarro’s total pay rose 20% to $16.6M and Steven Powell’s soared to $6.5M (+65%) in 2025 despite cash bonus reductions tied to the Eaton fire. Edison’s net income jumped from $1.3B to $4.5B after a 13% rate hike and wildfire liability protections under a 2019 law.
1. Exec Compensation Details
Pedro Pizarro’s total compensation rose 20% to $16.6 million in 2025, and Southern California Edison president Steven Powell’s pay climbed 65% to $6.5 million, despite cash bonus cuts of over $1 million for Pizarro, $442,000 for Powell and $244,000 for COO Jill Anderson tied to the Eaton fire.
2. Profit Surge Drivers
Edison International’s net income surged from $1.3 billion in 2024 to $4.5 billion in 2025, propelled by a 13% customer electricity rate increase and liability protections under Assembly Bill 1054, which limits wildfire damage costs for utilities.
3. Wildfire Liability and Legal Protections
The 2019 law permits—but does not require—tying 100% of executive bonuses to safety performance while shielding utilities from wildfire damage liabilities; Edison denies negligence in the Eaton fire and faces a government investigation and potential criminal charges.
4. Victim Compensation and Lawsuits
Edison has received over 2,500 claims from Eaton fire survivors, extended offers to roughly 600 and paid $31 million to 212 claimants; it is also settling insurer claims with hundreds of millions in payouts expected to be covered by a $21 billion state wildfire fund.