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Edison International — Apr 29, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-25-000042
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Showing in the filing
Requested Annual GRC Revenue Requirement Increase
“~$730”
Period
FY2028
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 48
Core Earnings per Share CAGR for the long term
“5–7%”
Core EPS for FY2025
“$5.94–6.34”
Core EPS for FY2028
“$6.74–7.14”
Request for 2026–2028 ROE for FY2026
“11.75%”
Requested ROE (2026 Cost of Capital applicat… for FY2026
“11.75%”
Equity Ratio (no change) for FY2026
“52%”
Update Cost of Debt for FY2026
“4.75%”
Update Cost of Preferred for FY2026
“6.95%”
Requested Annual GRC Revenue Requirement Inc… for FY2025
“~$1,900”
Requested Annual GRC Revenue Requirement Inc… for FY2026
“~$670”
Requested Annual GRC Revenue Requirement Inc… for FY2027
“~$750”
Requested Annual GRC Revenue Requirement Inc… for FY2028
“~$730”
Capital Expenditures (Total) for FY2025
“$7.5”
Capital Expenditures (Total) for FY2026
“$8.1”
Capital Expenditures (Total) for FY2027
“$8.2”
Capital Expenditures (Total) for FY2028
“$7.7”
Capital Expenditures (Range Case) for FY2025
“$6.6”
Capital Expenditures (Range Case) for FY2027
“$6.8”
Capital Expenditures (Range Case) for FY2026
“$6.8”
Capital Expenditures (Range Case) for FY2028
“$6.4”
GRC capex forecast for FY2023
“~$38–43 billion”
Rate Base (Total) for FY2025
“$49.4”
Rate Base (Total) for FY2026
“$53.0”
Rate Base (Total) for FY2027
“$56.8”
Rate Base (Total) for FY2028
“$60.6”
Rate base growth for FY2023
“~6–8%”
Rate Base (Range Case) for FY2025
“$48.1”
Rate Base (Range Case) for FY2026
“$50.4”
Rate Base (Range Case) for FY2027
“$52.8”
Rate Base (Range Case) for FY2028
“$55.3”
Rate Base EPS (based on capex levels) for FY2025
“6.60–6.80”
SCE Op. Variance for FY2025
“1.05–1.25”
SCE Costs Excluded from Authorized for FY2025
“(0.85)–(0.75)”
EIX Parent & Other for FY2025
“(0.88)–(0.93)”
Achievable EPS growth for 2028 Core Earnings… for FY2028
“$6.74–7.14”
Capital Plan (Uses) for the long term
“$27–32”
Dividends (Uses) for FY2025
“$6–7”
Net cash provided by operating activities (S… for FY2025
“$25–28”
Incremental Debt (Sources) for FY2025
“$8–11”
Equity (Sources) for FY2025
“~$0.4”
Target dividend payout of SCE core earnings for the long term
“45–55%”
Dividend payout target
“45–55% of SCE core earnings”
Load growth for FY2045
“80%”
Securitization review and implementation tim… for FY2025
“~6 months”
Securitization proceeds for FY2025
“~$1.6 billion”
Basic EIX EPS for FY2025
“$8.70”
Total Non-Core Items for FY2025
“2.36”
Core EPS for FY2025
“$5.94”
Exhibit 99.1 · the passage around this item
… earlier in the release
Awaiting issuance of proposed decision Following GRC final decision, we will refresh our projections and guidance 6 weeks after the decision  Requested Annual GRC Revenue Requirement Increases1 $ Millions 2025 2026 2027 2028 ~$1,900 ~$670 ~$750 ~$730 Event Date Reply Briefs August 5, 2024 Proposed Decision (PD) TBD Oral Arguments TBD Final Decision ≥30 days after PD *Final decision will be retroactive to January 1, 2025 Expect refresh of capital and rate base projections, 2025 Core EPS range, long- term Core EPS growth, and financing plan   7Edison International | First-Quarter 2025 Earnings Call 5.2 5.4 6.7 7.2 7.2 7.0 0.2 0.3 0.8 0.9 1.0 0.7 $5.4 $5.7 $7.5 $8.1 $8.2 $7.7 2023 2024 2025 2026 2027 2028 Capital deployment expected to increase in 2025–20281 Range Case2 (Recorded) (Recorded) $6.6 $6.8 $6.8 $6.4 GRC underpins ~$38–43 billion 2023–2028 capex forecast; substantial additional investment opportunities offer upside CPUC FERC Capital Expenditures, $ in Billions Forecast does not include substantial additional capital deployment opportunities 1. NextGen ERP (~$1bn; filed March ‘25) 2. Advanced Metering Infrastructure (est. filing 1Q26) 3. Other grid investments supporting restoration, reliability, resilience, and readiness 4. FERC transmission $3bn+ $2bn+ Forecast 1. Forecast for 2025 includes amounts requested in SCE’s 2025 GRC filing. Additionally, reflects non-GRC spending subject to future regulator
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.