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As of September, the California-based group recorded $4.3 billion in current liabilities and $4.5 billion in total assets.
Edison’s total liabilities had reached $38.5 billion, including long-term debt and deferred credits.
The company owns or leases 43 operating power projects with a net capacity of more than 11,000 megawatts.
These facilities include fossil-fuel power plants in California, Pennsylvania and West Virginia as well as several coal-fired stations in Illinois.
Edison’s bankruptcy and restructuring effort reflects familiar power industry challenges including tougher environmental requirements, reduced electricity demand and lower wholesale prices.
Cheaper natural gas has been cited as a burden on Edison’s coal plants, some of which have had to be refinanced due to the company’s economic woes.
Reuters reported that Edison had already said it would shut down some coal-fired stations in Illinois rather than invest in costly upgrades to meet stricter state and federal emissions standards.
The news agency cited unnamed sources that Edison owed $3.7 billion in unsecured bonds and that its subsidiaries held $1.5 billion in other debt.
