Eaton

Edison International boosted the pay of its top executives last year despite their responsibility for the safety of the company’s power lines before the devastating Eaton fire, which destroyed a wide swath of Altadena and killed 19 people.

Although the company cut cash bonuses for its senior executives, citing the wildfires, their overall compensation went up substantially as the utility’s profit soared in 2025.

Pedro Pizarro, chief executive of the parent company of Southern California Edison, received $16.6 million in cash, stock and other compensation last year, up 20% from 2024, according to a new company filing.

Steven Powell, president of Southern California Edison, received compensation totaling $6.5 million last year, up from $3.9 million in 2024 — a jump of more than 65%.

The utility’s transmission equipment is suspected of igniting two wildfires on Jan. 7, 2025, including the Eaton fire, which left thousands of families homeless.

The Times earlier detailed how Edison fell behind in performing maintenance on its aging transmission lines — work that it had told state utility regulators was needed. County prosecutors are investigating whether Edison should be criminally charged for its actions before the fire.

The government investigation into the cause of the fire has not been released and Edison has denied that it acted negligently. Pizarro has said a leading theory is that a century-old transmission line, which the company had not used for 50 years, may have briefly reenergized, igniting the fire.

A state law championed by Gov. Gavin Newsom in 2019 protects utilities from paying for the damage due to fires sparked by their equipment. When it passed, Newsom touted the law’s requirement that utilities must tie executive compensation to their safety record, saying it would keep them accountable.

The law said that a utility “may” consider tying 100% of executive bonuses to safety performance and “denying all incentive compensation in the event the electrical corporation causes a catastrophic wildfire that results in one or more fatalities.”

Edison said in the new filing that the company’s board members who determine executive compensation decided to decrease the cash bonuses of Pizarro, Powell and Jill Anderson, the utility’s chief operating officer, because of the 2025 wildfires.

Pizarro’s cash bonus was cut by more than $1 million while Powell’s was trimmed by $442,000, according to the filing. Anderson lost out on $244,000.

The company, based in Rosemead, said its decision to cut the three executives’ cash bonuses “was not a reflection of the performance of the company or these executives.”

Despite those cuts, the executives’ total pay of salary, bonuses, stock and other compensation rose, according to the filing. That’s because Edison ties most executive compensation not to safety, but to the company’s financial performance.

And last year, Edison’s profit jumped more than 200% — from $1.3 billion in 2024 to $4.5 billion — despite the Eaton disaster.

The profit increase resulted from the protections from wildfire damage provided to Edison by the 2019 law, as well as a 13% hike in customer electricity rates in October.

The utility attributed the higher electric bills to several increases that it successfully lobbied the California Public Utilities Commission to approve. All five members of the commission were appointed by Newsom.

Scott Johnson, an Edison spokesman, said Tuesday that Pizarro and other company executives holding stock took a financial hit after the fires when the price plummeted.

Before the January fires, Edison International’s stock price was about $80. It fell to $50 the next month. It has recovered much of its value, closing on Tuesday at $72.92.

Edison is facing hundreds of lawsuits by victims of the fire. The suits claim it acted negligently, including by failing to remove the old, dormant transmission line in Eaton Canyon.

The lawsuits also blame Edison for not preventatively shutting down its transmission lines Jan. 7, 2025, despite the dangerous Santa Ana winds.

Pizarro has said the winds didn’t meet the company’s threshold in place at the time for turning off those high-voltage wires.

“Our deepest sympathies remain with all those affected, and this loss reinforces our commitment to public safety and wildfire risk mitigation,” Pizarro and Peter Taylor, chairman of the parent company’s board, wrote in a letter to shareholders that was released with the details on executive compensation.

The two executives added that the company’s “long-term objective remains unchanged: to significantly reduce wildfire risk while improving safety, reliability and affordability of electric service.”

Edison is now offering to compensate Eaton fire victims, including those who lost their homes, family members, businesses and apartments. The offer requires the victims to give up their right to sue the utility. Many survivors say the utility’s offer falls short of what they lost.

Pizarro and Taylor wrote that as of March 4, more than 2,500 claims had been submitted through the program. So far, Edison has extended offers to roughly 600 victims submitting claims and made payments totaling $31 million to 212 of those people, they wrote.

The utility also has begun settling claims of property insurers that covered Altadena homes that were destroyed or damaged, paying out hundreds of millions of dollars. The settlements will help cover the insurance companies’ losses.

Edison has told its shareholders that it expects most or all of those payments to victims and insurers to be covered by a $21-billion state wildfire fund that Newsom and lawmakers created as part of Assembly Bill 1054, which became law in 2019.

Critics say the law went too far, allowing a utility to allegedly spark a deadly wildfire without financial consequences to the company or its executives.

“The predictable outcome of continuing to protect shareholders and executives from the consequences of their own negligence is not theoretical. It is observable. More catastrophic fires,” Joy Chen, executive director of the Eaton Fire Survivors Network, wrote in an email to state wildfire fund administrators this year.

Johnson responded, saying,”Our motivation to prevent fires and any incidents is to be good neighbors and provide affordable and resilient energy. There is nothing more important than safety.”

Taylor was on the board committee that approved the compensation package for Pizarro and other top executives. For his work chairing the board, Taylor received cash and stock compensation of more than $500,000.

Johnson said Taylor’s compensation was based on “typical board chair pay” at other utilities.

The new filing said Pizarro’s total compensation of $16.6 million was 75 times the median Edison employee’s total compensation of $220,000.

The present value of Pizarro’s pension is more than $19 million, the report said.

The company is facing a challenge from one of its shareholders — John Chevedden of Redondo Beach, according to the filing.

Chevedden is asking the company’s shareholders to vote to approve his proposal that would require Pizarro and other Edison executives to hold at least 25% of the stock they had received as compensation until they reach retirement age.

He said that requiring utility executives to hold a significant portion of their stock until retirement would focus their efforts on the company’s long-term success.

Chevedden pointed to “unfavorable news reports,” including the U.S. Department of Justice’s lawsuits against Edison for the Eaton fire and 2022 Fairview blaze, which killed two people in Riverside County.

Edison’s board urged shareholders to vote against Chevedden’s proposal before the company’s annual meeting April 23.

The board said the company already had guidelines that “closely align the interests of officers with the long-term interests of our shareholders.”

I couldn’t stop looking at the thick bunches of California brittlebush, their bright yellow daisy-like flowers bursting alongside the sandy trail at Eaton Canyon.

I’d last walked the path a week after the Eaton fire, when I observed that “charred limbs of manzanita and other small trees and shrubs jerked out of the earth like seared skeletal remains. Heaps of leathery brown prickly pear pads sagged into the dirt and ash. Even the rocks were burned.”

Last Saturday, almost 14 months later, I marveled at how healthy Eaton Canyon looked as I attended L.A. County Department of Parks and Recreation’s launch of its Landscape Recovery Center. This is in large part thanks to volunteers who’ve dedicated hundreds of hours to restoring the canyon. I’m excited to tell you how you can be a part of those efforts.

The Department of Parks and Rec’s effort is a major step in repairing the damage wreaked by the Eaton fire that started Jan. 7 of last year.

The center includes a nursery full of native plants that will be used not only in Eaton Canyon but also in six other parks damaged by fire, including five in Altadena, and Castaic Lake State Recreation Area. Workers will also reestablish vital tree canopy lost in the fire, planting coast live oak, Engelmann oak and Western sycamores.

Native plants at the nursery at the Landscape Recovery Center at Eaton Canyon.

(Jaclyn Cosgrove / Los Angeles Times)

L.A. County is partnering with the Theodore Payne Foundation and the Altadena Seed Library to achieve two key goals: 1) Grow the plants in the recovery center’s nursery from locally sourced seeds. 2) Build decentralized seed banks by procuring seeds from L.A. County nature centers.

The latter involves the “process of conserving plant genetics by dehydrating and securely storing seeds for future potential restoration or research projects,” said ecologist Nina Raj, founder of Altadena Seed Library, who is working with the county to develop the seed bank project.

“By carving out space at existing nature centers for a bit of tabletop equipment and storage space, the seeds from their adjacent natural areas [will] be conserved alongside backup populations from partnering nature centers — like an insurance policy in case of, or rather, in preparation for the next natural disaster,” Raj said.

A path near the parking lot of Eaton Canyon Natural Area, as seen on Jan. 14, 2025, and on Saturday.

(Jaclyn Cosgrove / Los Angeles Times)

In the coming months, officials estimate that more than 100,000 seeds sourced from Eaton Canyon will be propagated to aid recovery efforts. The county has also purchased more than 1,000 native shrubs and understory plants, chosen not only for their ecological value but also their cultural significance to the San Gabriel Band of Mission Indians Gabrieleno/Tongva, whose leaders have been advising the county on its canyon restoration efforts.

The county also bought 200 native trees whose seeds came from “mother” trees grown in soil “extremely compatible with the organic matter here at Eaton Canyon,” said Norma Edith García-González, director of L.A. County Parks and Recreation.

All of this intentional sowing and planting is a 180-degree turn from previous recovery efforts. After the Kinneloa fire burned through Eaton Canyon in 1993, officials rushed to stabilize the hillsides. An expert team recommended grass seed be dropped from helicopters all over the hillsides, which present-day experts say may have introduced nonnative grasses to the region.

The nursery at L.A. County’s Landscape Recovery Center at Eaton Canyon.

(Jaclyn Cosgrove / Los Angeles Times)

“The Landscape Recovery Center represents a best-practice model for restoring nature, rebuilding habitat diversity and supporting disaster recovery,” García-González said. “[We are] rebuilding with intention, using climate-resilient native species informed by both ecological science and cultural knowledge.”

Most of Eaton Canyon, including its beloved nature center, burned in the 2025 fire. The recovery center’s modular building and the land around it are among the first built improvements, and the area now has electricity, water access, irrigation systems and restrooms. (The recovery center’s footprint is south of the burned nature center, and no announcement was made Saturday regarding when it might be rebuilt.)

These improvements will allow the Landscape Recovery Center, which will have five full-time and four part-time staff members, to host volunteers interested in caring for habitat, supporting the plant nursery or working in local outreach or on community science.

Volunteer events, including hands-on nursery work, will be scheduled Tuesday through Saturday, with times varying depending on the program. Those age 14 and older can sign up by calling or texting (626) 662-5091. (A quick note: Eaton Canyon remains closed to the public, outside of volunteer opportunities.)

A cultural sign welcomes visitors to Eaton Canyon.

(Jaclyn Cosgrove / Los Angeles Times)

Many volunteers have already been hard at work. Organized by the Eaton Canyon Nature Center Associates, volunteers have donated hundreds of hours to clear out short-pod mustard, castor bean, tree tobacco and fountain grass, which choke out native plants and serve as flashy fuel for wildfires.

All of this work must be done before hikers and other outdoors lovers can return to Eaton Canyon.

Jeremy Munns, a trails planner for L.A. County Parks and Recreation, said rebuilding the Eaton Canyon Trail and other county trails in the Eaton Canyon Natural Area will be part of a future phase.

The fire and subsequent flooding washed out the trail and caused hillsides to collapse into and around the canyon. Contractors, county staff and conservation corps crews will need to install retaining walls, repair drainages and add rock walls (called rock armoring) to stabilize the canyon and protect it from further erosion, Munns said.

A path near the Landscape Recovery Center.

(Jaclyn Cosgrove / Los Angeles Times)

Munns said there isn’t currently a plan to include volunteers in that work because of safety concerns.

“In the future, there will be opportunities for volunteers to help with the maintenance of these trails, but the timing of that has not yet been determined,” he said.

As I walked through the nursery during Saturday’s event, I found myself feeling hopeful. Several rows of California sagebrush, California buckwheat, chaparral beard tongue, sticky monkey flower and more sat in their pots, awaiting their new homes in the nearby ground.

It’s easy to imagine a future in which the entire canyon is healthy once again.

3 things to do

Workers tend to plants growing at the Santa Monica Mountains Fund seed farm.

(Jacsen Donohue / Santa Monica Mountains Fund)

1. Nurture yourself and nature in Newbury Park
The Santa Monica Mountains Fund and Second Nature Collective will host a yoga and volunteer day from 8 a.m. to noon Saturday in Newbury Park. Participants will first be led through a 45-minute mindful and meditative yoga session before placing hundreds of native plants in the ground. Register at eventbrite.com.

2. Nosh on nonnative plants in Studio City
Urban forager Nick Mann will lead a 3-mile foraging walk from 9:30 a.m. to noon Saturday through Fryman Canyon. He will teach participants how to identify edible nonnative plants commonly found along local trails. Donations requested but not required. Register at eventbrite.com.

3. Ride the river near Azusa
Active SGV will host a 12.4-mile bike ride from 9 a.m. to noon Saturday along the West Fork National Scenic Bikeway north of Azusa. Carpooling is encouraged, as the parking lot at the trailhead fills up. Register at eventbrite.com.

The must-read

Condor A1 (a.k.a. Hlow Hoo-let) soars across the sky in far Northern California.

(Matt Mais / Yurok Tribe)

In a potentially historic win for condor conservation, Yurok wildlife officials say there might be a condor pair tending to an egg in the tribe’s Northern California homeland — where condors haven’t nested for more than a century. Times staff writer Lila Seidman wrote that condors vanished from the state’s North Coast because of violence carried out by European settlers. “The pair believed to be nesting in Yurok country were captive born and released in 2022, as part of the first group reintroduced in that region,” Seidman wrote. “The pair, formally known as A1 and A0, are the oldest birds from their release cohort at nearly 7 years old — and the only ones old enough to reproduce.”

Happy adventuring,

P.S.

It’s officially baby season at the San Dimas Raptor Rescue. The L.A. County facility, which rehabilitates birds of prey, took in its first great horned owlet in early February. The center anticipates taking in dozens of great horned owlets who are found starving and need to be nursed back to health before being released. Generally, the center tries to release a bird back to the area where it was found. In this little baby’s case, that would be Venice Beach. The center is run, in part, by volunteers who are trained by the county before working with the birds. If you ever find a raptor that you perceive is in need, you can call the center at (626) 559-5732 before interacting with the animal. A great service to our local wildlife!

For more insider tips on Southern California’s beaches, trails and parks, check out past editions of The Wild. And to view this newsletter in your browser, click here.

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