Edison Executive Pay Rises as Eaton Fire Survivors Still Struggle
The LA Times reports that Edison’s top executives received higher overall compensation after the Eaton Fire, even though the board cut annual bonuses for several senior leaders by about 40% because of the disaster. Edison International CEO Pedro Pizarro’s reported 2025 pay rose from $13.81 million in 2024 to $16.54 million, while SCE President Steven Powell’s increased from $3.95 million to $6.55 million. The gains were driven largely by Edison’s strong financial performance, including higher core earnings and cost recoveries from earlier wildfire and mudslide settlements, as executive pay remains closely tied to financial metrics. The article underscores how politically and morally contentious these payouts are, with critics arguing that executives should not be rewarded while fire survivors are still struggling, even as Edison says it is working to compensate claimants and support recovery. SCE is also under criminal investigation for possible negligence related to the Eaton Fire.