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Edison International — Oct 28, 2025 release

Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-25-000099
Open on SEC.gov ↗
Showing in the filing
TKM ongoing interest expense benefit (per share, annualized)
“~14¢”
Period
No period stated
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 84
Woolsey ongoing interest expense benefit (pe…
“~18¢”
Woolsey securitization proceeds expected for FY2026
“~$2.0 billion”
TKM ongoing interest expense benefit (per sh…
“~14¢”
Woolsey one-time true-up (per share)
“~44¢”
4-year capital plan for the long term
“$28–29 billion”
Rate base CAGR for FY2025
“7–8%”
Rate Base CAGR for FY2024
“7–8%”
Combined statutory tax rate assumption for the long term
“approximately 28%”
SCE EPS for FY2025
“7.00–7.15”
EIX Parent and Other for FY2025
“(1.05)–(0.95)”
Core EPS for FY2025
“$5.95–6.20”
EIX Consolidated Core EPS for FY2025
“$5.95–6.20”
System Average Rate CAGR for FY2024
“~2.6%”
System average rate CAGR for FY2025
“~2–3%”
Rate Base CAGR for FY2023
“6–8%”
2025–2028 Core EPS CAGR for FY2025
“5–7% (off $5.84)”
Core Earnings per Share for FY2025
“$5.84”
Annual Equity Needs for FY2025–2028
“~$100 MM”
Advanced Metering Infrastructure incremental… for FY2029
“$2bn+”
CAISO-awarded FERC transmission projects inc… for FY2029
“$2bn+”
Capital Expenditures (FERC) for FY2025
“0.5”
Capital Expenditures (FERC) for FY2026
“0.8”
Capital Expenditures (FERC) for FY2028
“0.9”
Capital Expenditures (FERC) for FY2027
“0.9”
Capital Expenditures (Total) for FY2025
“$6.8”
Capital Expenditures (CPUC) for FY2027
“6.8”
Capital Expenditures (Total) for FY2026
“$7.3”
Capital Expenditures (Total) for FY2027
“$7.7”
Capital Expenditures (Total) for FY2028
“$7.5”
Capital Expenditures (Range Case) for FY2025
“$6.6”
Capital Expenditures (CPUC) for FY2028
“6.6”
Capital Expenditures (Range Case) for FY2026
“$7.1”
Capital Expenditures (Range Case) for FY2027
“$7.5”
Capital Expenditures (Range Case) for FY2028
“$7.3”
Rate Base (CPUC) for FY2025
“40.0”
Rate Base (CPUC) for FY2027
“46.3”
Capital Expenditures (CPUC) for FY2025
“6.3”
Rate Base (CPUC) for FY2028
“49.2”
Rate Base (FERC) for FY2026
“7.6”
Rate Base (FERC) for FY2027
“8.0”
Rate Base (FERC) for FY2028
“8.3”
Rate Base (CPUC) for FY2026
“42.8”
SCE Rate Base (Total) for FY2025
“$47.4”
Rate Base (FERC) for FY2025
“7.4”
SCE Rate Base - Total for FY2026
“$50.4”
SCE Rate Base (Total) for FY2027
“$54.3”
SCE Rate Base (Total) for FY2028
“$57.5”
SCE Rate Base CAGR for FY2024
“~8%”
SCE Rate Base (Range Case) for FY2025
“$47.2”
SCE Rate Base (Range Case) for FY2026
“$49.9”
SCE Rate Base (Range Case) for FY2027
“$53.6”
Dividends (Uses) for FY2025
“$6–7”
Net cash provided by operating activities (S… for FY2025
“$26–28”
Incremental Debt (Sources) for FY2025
“$7–9”
SB 254 capex spending expectation for FY2026
“~$500–700 million”
FFO/Debt ratio target
“15–17%”
FFO/Debt ratio target for the long term
“15–17%”
Near-term annual sales growth for FY2025–2028
“~1–3% annual sales growth”
Mid-term cumulative sales growth for FY2035
“~40–50% cumulative sales growth”
Long-term cumulative sales growth for the long term
“~100% cumulative sales growth”
Dividend payout
“45–55% of SCE core earnings”
Target dividend payout for the long term
“45–55% of SCE core earnings”
Load growth for FY2035
“40–50%”
SCE EPS for FY2028
“7.89–8.19”
EIX Parent and Other for FY2028
“(1.15)–(1.05)”
Core Earnings per Share for FY2028
“$6.74–7.14”
EIX Consolidated Core EPS for FY2028
“$6.74–7.14”
SCE Rate Base for FY2028
“$56.5–57.5 billion”
SCE Rate Base (Range Case) for FY2028
“$56.5”
Capital Expenditures (CPUC) for FY2026
“6.5”
Rate Base Mix for FY2028
“~86% CPUC / ~14% FERC”
Cost of Capital (CPUC ROE) for FY2028
“Range of outcomes around current 10.33%”
Cost of Capital (FERC ROE) for FY2028
“10.30%”
Equity Ratios (CPUC) for FY2028
“52%”
Equity Ratios (FERC) for FY2028
“47.5%”
TKM & Woolsey Interest Benefit for FY2028
“~32¢ annual benefit”
Wildfire Debt (SCE) weighted average portfolio for FY2028
“5.3%”
EIX Parent Debt weighted average portfolio for FY2028
“5.4%”
TKM securitization proceeds expected for FY2025
“~$1.6 billion”
Share Count (in millions) for FY2028
“385”
Share Count (in millions) for FY2025
“385”
Basic EIX EPS for FY2025
“$8.05” – “$8.30”
Total Non-Core Items (High) for FY2025
“(2.10)”
Core EIX EPS for FY2025
“$5.95” – “$6.20”
Exhibit 99.1 · the passage around this item
… earlier in the release
Average bill shown is for non-CARE residential customers Core EPS: One-time benefit recorded upon CPUC approval; going forward, SCE realizes reduced interest expense Cash Flow: Securitization follows CPUC approval of financing order – TKM: ~$1.6 billion expected by year-end 2025 – Woolsey: ~$2.0 billion expected mid-2026 Use of Proceeds: – Offsets normal-course debt issuances as SCE reallocates outstanding debt for rate base growth  One-time True-up Ongoing Post-Decision TKM ~30¢ (Q1 2025) ~14¢ (annualized) Woolsey2 ~44¢ (Recognized in quarter of CPUC final decision) ~18¢ (annualized)   7Edison International | Third-Quarter 2025 Earnings Call CPUC’s 2025 GRC decision provides foundation for growth through 2028 2025 base revenue of ~$9.7 billion of request approved Represents ~$1.1 billion increase to fund critical grid investments for customers 2026–2028 attrition year increases million per year (avg.) Maintains two-part mechanism, with O&M tied to inflation Approves significant capital investment of request approved Provides strong visibility to achieving overall capital plan Continued support for grid hardening additional miles Authorizes 212 miles of targeted undergrounding and 1,653 miles of covered conductor Grid upgrades for load growth million per year (avg.)1 Approves capex for load growth and TE demand plus memo account for incremental spend System average rate (SAR)2 per kWh Continues 15+ year track record of having lowest SAR among major California IOUs 1. Amount shown reflects authorized capital expenditures 2. System average rate as of October 1, 2025, reflecting implementation of GRC and other items. Includes the reduction that customers exper
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.