The utility expects the fund's payments to be reimbursed by California's public wildfire insurance program, which Gov. Gavin Newsom is reportedly looking to expand.

Supporters say victims could get paid more quickly through Edison's plan, but lawyers say they might get shortchanged

SoCal Edison said the Wildfire Recovery Compensation Program will launch this fall, promising it to be voluntary and comprehensive to offer direct payments to eligible recipients. The company said there will not be application fees or administrative costs to participants.

The Eaton Fire’s cause is still under investigation, but Southern California Edison is planning to launch a fund to compensate those affected. Survivors say the utility is trying to “buy us off.”

Southern California Edison announced a compensation program for Eaton Fire victims on Wednesday. The utilities company will launch the voluntary program in the fall. It will provide direct payments for commercial property loss,

We recently compiled a list of 10 Cheap Utility Stocks to Buy According to Hedge Funds. Edison International stands third on our list among cheap utility stocks. Edison International (NYSE:EIX), through its utility arm Southern California Edison (SCE),

California officials have not yet determined whether Southern California Edison caused the fire, which killed 17 people and destroyed thousands of properties.