Edison International (EIX) unit Southern California Edison said Thursday that it has offered over $1 billion in compensation to support eligible Altadena community members affected by the Eaton Fire.

Close to 7,200 members have received compensation offers, and the average for a homeowner with total loss stood at nearly $2 million, according to a statement.

Over 5,000 claims have been submitted, comprising over 15,300 individuals, trusts, and legal entities, the company said.

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