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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
Near-term annual sales growth
“~1–3% annual sales growth”
Period
FY2025–2028
Measure
Company-defined measure
Source
Prose
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
  18Edison International | Third-Quarter 2025 Earnings Call SCE’s load growth driven by economywide trends with broad customer and climate benefits SCE’s diverse and durable drivers of demand… …expected to result in sustained load growth Transportation Electrification Rapid growth potential supported by strong CA EV sales, fleet electrification, and public charging Residential New housing development and population growth, partially offset by solar adoption Commercial & Industrial High-tech warehouses, data centers, and building electrification Near-term (2025–2028) Clean load growth supporting both affordability and decarbonization ~1–3% annual sales growth ~40–50% cumulative sales growth1 ~100% cumulative sales growth1 Mid-term (By 2035) Long-term (By 2045) 1. Relative to 2025   19Edison International | Third-Quarter 2025 Earnings Call Rate base and EPS growth aligned with grid safety, reliability and customer affordability 1. Compound annual growth rate (CAGR) based the midpoint of the original 2025 Core EPS guidance range of $5.50–5.90 plus run-rate interest expense reduction resulting from the TKM Settlement Agreement of 14¢ 2. Based on EIX stock price on October 27, 2025 3. Relative to 2025 5–7% Core EPS CAGR1 2025–2028 Underpinned by strong rate base growth of 7–8% $28–29 billion 2025–2028 capital program ~6% current dividend yield2 21 consecutive years of dividend growth Target dividend payout of 45–55% of SCE core earnings Investments in safety and reliability of the grid Wildfire mitigation execution reduces risk for customers Creates strong foundation for climate adaptation and the clean energy transition One of the strongest electrification profiles in the industry Industry-leading programs for transportation electrification Expected 40–50% load growth by 2035 and nearly doubling by 20453   ADDI
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.