HighGravityData
Companies / Edison International / Filing

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
Capital Expenditures (CPUC)
“6.5”
Period
FY2026
Measure
Company-defined measure
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
Totals may not add due to rounding EIX 2028 Core Earnings Per Share Guidance Range 2028 Modeling Considerations 2028 Guidance SCE EPS 7.89–8.19 EIX Parent and Other (1.15)–(1.05) EIX Consolidated Core EPS $6.74–7.14 Share Count (in millions) 385 EIX reaffirms 2028 Core EPS guidance of $6.74–7.14, representing 5–7% growth from 20251 SCE Rate Base $56.5–57.5 billion Rate Base Mix ~86% CPUC / ~14% FERC Cost of Capital Range of outcomes around current 10.33% CPUC ROE; 10.30% FERC ROE Equity Ratios 52% @ CPUC; 47.5% @ FERC TKM & Woolsey Interest Benefit ~32¢ annual benefit Wildfire Debt (SCE) 5.3% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions EIX Parent Debt 5.4% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions   23Edison International | Third-Quarter 2025 Earnings Call Key Takeaways of Woolsey Cost Recovery Settlement Agreement Authorized Amounts 35% of claims, financing, and legal costs (~$2 billion WEMA recovery) 85% of restoration costs (~$70 million CEMA recovery) Permanent Capital Structure Exclusion Permanently exclude after-tax charges to equity and associated debt from SCE’s CPUC regulatory capital structure Cost Recovery SCE will file separate application seeking approval to recover authorized WEMA amounts through issuance of securitized bonds CEMA amounts will be recovered through normal course recovery (i.e., rate base) Next Steps Awaiting proposed decision SCE anticipates final decision late this year o
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.