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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 securitization proceeds expected
“~$1.6 billion”
Period
FY2025
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
5 AMI 2.0 (Not yet filed) Plan to file in Q1 2026 = Final Decision Received      File 2029 GRC File 2029 CoC File standalone application File 2024 WMCE   25Edison International | Third-Quarter 2025 Earnings Call ~$6.0 billion memo account recovery 2021– Q3 20251 ~$1.6 billion securitizations of AB 1054 capex completed ~$5.3 billion remaining recoveries through 2027 Cash flow from memo account recovery and securitization strengthens our balance sheet and credit metrics Approved Applications Application / Account Balance @ Sept. 30, ’25 Recovery Through Remaining Rate Recovery by Year Q4 2025 2026 2027  TKM Securitization 1,627 n/a 1,627 – –  2025 GRC (Jan–Sept. ’25) 902 Sept. ‘27 113 451 338 WMCE 416 Sept. ‘26 104 312 –  2022 WM/VM 199 Feb. ‘26 72 128 – CSRP Track 1 25 Dec. ’25 25 – – Various others 101 Varies 57 44 – Total 3,271 1,998 934 338 Pending Applications2 (Subject to CPUC Authorization) Application Request2,3,4 Expected Amort.2 Expected Rate Recovery by Year3 Q4 2025 2026 2027 Woolsey Securitization 2,000 n/a – 2,000 – Woolsey CEMA 45 12 months – 26 19 Total Including Securitization 2,045 – 2,026 19 1. Includes ~$1.6 billion recovered through securitization of AB 1054 capital expenditures 2. Pending Applications reflects applications already submitted to the CPUC. Additional CEMA applications will be made for other events. Requested revenue requirement shown. Amounts and amortization subject to CPUC approval 3. Reflects request at the ti
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.