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HomeMy WebLinkAbout2026 Southern California Edison Company SOUTHERN CALIFORNIA 4 William Briggs 'k, Director&Managing Attorney ,;* z6 William.K.Briggs@sce.com Energy for What's Ahead" �=.�t 2Ot; J Pit„f2� is Jangari p 2 �s "'-fie 'r ATM UEACH Re: Application of Southern California Edison Company(U 338-E) for Woolsey Fire Recovery Bond Financing Order Pursuant to Public Utilities Code Section 850 et seq. (A.26-01-007) To Whom It May Concern: On January 14, 2026, Southern California Edison(SCE) filed an Application with the California Public Utilities Commission (CPUC)to request that it issue a financing order for costs approved in CPUC Decision D.25-12-023. The requested financing order would allow SCE to finance $1.951 billion Wildfire Expense Memorandum Account costs related to the 2018 Woolsey Fire, including associated financing costs,through the issuance of recovery bonds over 35 years. If SCE is allowed to finance these approved claims costs with recovery bonds, it will result in a lower rate increase to customers, when compared to traditional utility financing. The enclosed notice is being published in a newspaper of general circulation in every county within SCE's service territory and included as a bill notice provided to every SCE customer. To obtain more detailed information,you may view or download a copy of SCEs filing and supporting testimony on our website, at www.sce.com/applications. You may also request a printed copy of these documents from SCE at the address listed in the enclosed notice. Very truly yours, /6/v)!'-!am Mtqy6 William Briggs WKB/kdl Enclosure P.O.Box 800 2244 Walnut Grove Ave. Rosemead,California 91770 (626)302-6735 Fax(626)302-6693 Notice of Southern California Edison Company's Rate Increase Request Southern California Edison Company's(SCE's)Woolsey Fire Recovery Bond Application to the California Public Utilities Commission (CPUC)A.26-01-007 What is Being Requested? SCE is requesting approval to finance an increase in revenue of$1.951 billion with recovery bonds over a 35-year period (2027-2061)for approved claims costs related to the 2018 Woolsey Fire. • The CPUC previously approved SCE to recover some of the claims'costs that it incurred related to the 2018 Woolsey Fire. • With this application, SCE is seeking to finance those approved claims costs through the issuance of recovery bonds over 35 years. WOOLSEY FIRE TOTAL BUNDLED RATE INCREASE REQUESTED Total Rate Increase Customer Class Cumulative Bill$ C/kWh Residential (Non-CARE) 492 0.25 0.6% Residential(CARE/FERA) — — —% Lighting, Small, &Medium Power 2,437 0.18 0.6% Large Power 247,438 0.12 0.6% Agriculture&Pumping 8,972 0.17 0.7% Street&Area Lighting 473 0.14 0.4% Standby 567,496 0.09 0.6% This C/kWh increase will be included in rates over 35 years with some years being more or less than others. How Would This Impact the Average Residential Customer? If the request is approved,a typical non-CARE residential customer could see a rate increase of 0.25 C/kWh from 39.84 C/kWh to 40.09 C/kWh. CARE customers would not be impacted since they are exempt from securitized wildfire costs. The actual impact will vary based on usage,baseline territory, and other factors. Additional Information An administrative law judge will hold hearings,consider evidence,testimony,and public comments before drafting a proposed decision on this application. CPUC Commissioners will then vote on a final decision at a public meeting. You can read more about the utility's request and make public comment by visiting https://apps.cpuc.ca.gov/c/A2601007. For questions about participating in CPUC matters, you can contact the Public Advisor's Office at Public.Advisor(a�cpuc.ca.gov, 1-866-849-8390, or 505 Van Ness Ave., San Francisco,CA 94102.Please reference application A.26-01-007 in any communication with the CPUC. Questions About the Request For questions about this application,please contact SCE at via phone at(800)655-4555,or via email at case.admin(a,sce.com. The mailing address is: Case Administrator Southern California Edison Company A.26-01-007—Woolsey Bond Application P.O. Box 800 Rosemead, CA 91770.