HighGravityData
Companies / Edison International / Filing

Edison International — Apr 29, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-25-000042
Open on SEC.gov ↗
Showing in the filing
Securitization proceeds
“~$1.6 billion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
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
Average bill shown is for non-CARE residential customers CPUC final decision on settlement accounted for in first quarter results – ~30¢ one-time core EPS impact (for interest incurred up to decision date) – Begin deferring interest expense on $1.6 billion of debt (full-year run rate of 14¢) Securitization follows CPUC approval of financing order – SCE will file separate application in Q2 – Expect ~6 months for review and implementation – Proceeds of ~$1.6 billion expected by year-end 2025 Use of proceeds – Offsets normal-course debt issuances as SCE reallocates outstanding debt for rate base growth    15Edison International | First-Quarter 2025 Earnings Call Woolsey Cost Recovery Schedule Event Date  Application Filed October 8, 2024  Protests and responses November 12, 2024  SCE’s reply to protests November 22, 2024  Prehearing Conference December 20, 2024  Scoping ruling issued March 10, 2025 Intervenors’ prepared direct testimony June 3, 2025 Rebuttal testimony July 15, 2025 Meet & Confer July 25–August 11, 2025 Motion for consideration of settlement or joint statement of stipulations & issues August 12, 2025 Status conference regarding evidentiary hearings August 26, 2025 Evidentiary Hearings (if needed) September 8–12, 2025 Opening Briefs October 24, 2025 Reply Briefs November 21, 2025 Proposed Decision (PD) (≤ 90 days after submission) 1st Quarter 2026 Final Decision (≥ 30 days after PD) 1st Quarter 2026   16Edison International | First-Quarter 2025 Earnings Call ~$5.4 billion memo account recovery 2021– Q1 20251 ~$1.6 billion securitizations of AB 1054 capex completed ~$2.8 billion remaining recover
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.