Thomas Fire and Montecito Debris Flow recovery bonds
Rider · Electric
Typical residential bill (500 kWh/month)
- +$1.10/modate not disclosed (+0.6%)SCE's estimate in its application notice, assuming 35-year bonds; CARE customers exempt
- Filed
- April 30, 2025
- Decided
- August 28, 2025
- Effective
- January 1, 2026
- Requested increase
- Not disclosed
- Approved increase
- Not disclosed
- Docket
- A.25-04-021
The CPUC approved a financing order letting SCE issue recovery bonds for about $1.629 billion of previously approved Thomas Fire and Montecito Debris Flow claims costs, which it estimated saves ratepayers about $606 million versus utility financing. The bond charge is not applied to CARE customers. SCE added $122 million to rates for these bonds on Jan. 1, 2026.
Utility's stated reasons
- 2017 Thomas Fire and 2018 Montecito Debris Flow claims costs
- lower financing cost than traditional utility financing
Sources (4) · Verified against regulator or utility filings
- Decision 25-08-033: Financing order for Thomas Fire and Montecito Debris Flow recovery bondsCalifornia Public Utilities Commission · Regulator order · Aug 28, 2025 · accessed Sep 29, 2026
- A2504021 - Proceeding (docket card)California Public Utilities Commission · Regulator docket · accessed Sep 29, 2026
- Notice of Application 25-04-021 (Thomas Fire recovery bond financing)Southern California Edison · Utility website · accessed Sep 29, 2026
- SCE Rates Advisory - January 1, 2026Southern California Edison · Utility website · accessed Sep 29, 2026
Last verified Sep 29, 2026