Edison International — Feb 18, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-26-000010
Showing in the filing
Remaining GRC and Wildfire-related Application Recoveries - Approved Applications Total ($ in Millions)
“359”
Period
FY2027
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 114
Core EPS CAGR for the long term
“5–7%”
Advanced Metering Infrastructure 2.0 capital…
“>$3 billion”
Advanced Metering Infrastructure 2.0 capital… for the long term
“>$3 billion”
Five-year capex plan for FY2026
“~$38–$41 billion”
SCE Capital Expenditures - CPUC ($ in Billio… for FY2026
“6.5”
SCE Capital Expenditures - CPUC ($ in Billio… for FY2028
“6.7”
SCE Capital Expenditures - CPUC ($ in Billio… for FY2027
“6.7”
SCE Capital Expenditures - FERC ($ in Billio… for FY2028
“0.9”
SCE Capital Expenditures - FERC ($ in Billio… for FY2027
“0.9”
SCE Capital Expenditures - FERC ($ in Billio… for FY2029
“1.1”
SCE Capital Expenditures - FERC ($ in Billio… for FY2030
“1.0”
SCE Capital Expenditures - Total ($ in Billi… for FY2026
“$7.3”
SCE Capital Expenditures - Total ($ in Billi… for FY2028
“$7.6”
SCE Capital Expenditures - Total ($ in Billi… for FY2027
“$7.6”
Rate Base (FERC) for FY2026
“7.6”
SCE Rate Base - FERC (Weighted Average, $ in… for FY2026
“7.6”
SCE Capital Expenditures - Total ($ in Billi… for FY2029
“$9.0”
SCE Capital Expenditures - Total ($ in Billi… for FY2030
“$9.1”
SCE Capital Expenditures - Range Case ($ in … for FY2026
“$7.1”
SCE Capital Expenditures - Range Case ($ in … for FY2027
“$7.3”
SCE Capital Expenditures - Range Case ($ in … for FY2028
“$7.2”
SCE Capital Expenditures - Range Case ($ in … for FY2029
“$8.0”
Rate Base (FERC) for FY2027
“8.0”
SCE Rate Base - FERC (Weighted Average, $ in… for FY2027
“8.0”
SCE Capital Expenditures - Range Case ($ in … for FY2030
“$7.9”
SCE Capital Expenditures - CPUC ($ in Billio… for FY2029
“7.9”
Rate Base (CPUC) for FY2026
“43.2”
SCE Rate Base - CPUC (Weighted Average, $ in… for FY2026
“43.2”
Rate Base (CPUC) for FY2027
“46.4”
SCE Rate Base - CPUC (Weighted Average, $ in… for FY2027
“46.4”
Rate Base (CPUC) for FY2028
“49.8”
SCE Rate Base - CPUC (Weighted Average, $ in… for FY2028
“49.8”
Rate Base (CPUC) for FY2029
“53.8”
SCE Rate Base - CPUC (Weighted Average, $ in… for FY2029
“53.8”
Rate Base (CPUC) for FY2030
“58.4”
SCE Rate Base - CPUC (Weighted Average, $ in… for FY2030
“58.4”
Rate Base (FERC) for FY2028
“8.3”
SCE Rate Base - FERC (Weighted Average, $ in… for FY2028
“8.3”
Rate Base (FERC) for FY2029
“8.8”
SCE Rate Base - FERC (Weighted Average, $ in… for FY2029
“8.8”
Rate Base (FERC) for FY2030
“9.5”
SCE Rate Base - FERC (Weighted Average, $ in… for FY2030
“9.5”
Rate Base (Total) for FY2027
“$54.4”
SCE Rate Base - Total (Weighted Average, $ i… for FY2027
“$54.4”
Rate Base (Total) for FY2028
“$58.1”
SCE Rate Base - Total (Weighted Average, $ i… for FY2028
“$58.1”
Rate Base (Total) for FY2029
“$62.6”
SCE Rate Base - Total (Weighted Average, $ i… for FY2029
“$62.6”
Rate Base (Total) for FY2030
“$67.9”
SCE Rate Base - Total (Weighted Average, $ i… for FY2030
“$67.9”
SCE Rate Base - Range Case (Recorded, $ in B… for FY2027
“$54.3”
SCE Rate Base - Range Case (Recorded, $ in B… for FY2029
“$61.7”
SCE Rate Base - Range Case (Recorded, $ in B… for FY2030
“$66.1”
SCE EPS (2026/2027 table) for FY2026
“6.81–7.07”
SCE EPS (2026/2027 table) for FY2027
“7.20–7.53”
EIX Parent and Other (2026/2027 table) for FY2026
“(0.91)–(0.87)”
EIX Parent and Other (2026/2027 table) for FY2027
“(0.95)–(0.88)”
Core EPS for FY2026
“$5.90–6.20”
EIX Consolidated Core EPS for FY2026
“$5.90–6.20”
Core EPS for FY2027
“$6.25–6.65”
EIX Consolidated Core EPS for FY2027
“$6.25–6.65”
Core EPS vs. long-term growth range for the long term
“Expected to be at high-end of long-term growth rate range of 5–7%”
Core EPS (@ Midpoint) for FY2026
“6.05”
SCE EPS (2028 table) for FY2028
“7.74–8.04”
EIX Parent and Other (2028 table) for FY2028
“(1.00)–(0.90)”
Core EPS for FY2028
“$6.74–7.14”
EIX Consolidated Core EPS for FY2028
“$6.74–7.14”
SCE Rate Base - Total (Weighted Average, $ i… for FY2026
“$50.8”
SCE Capital Expenditures - FERC ($ in Billio… for FY2026
“0.8”
SCE Rate Base ($ billions) for FY2027
“$54.3–54.4”
SCE Rate Base - Range Case (Recorded, $ in B… for FY2028
“$57.7”
SCE Rate Base ($ billions) for FY2028
“$57.7–58.1”
SCE Capital Expenditures - CPUC ($ in Billio… for FY2030
“8.1”
Rate Base Mix (CPUC/FERC) for FY2027
“85% / 15%”
Rate Base Mix (CPUC/FERC) for FY2026
“85% / 15%”
Rate Base Mix (CPUC/FERC) for FY2028
“86% / 14%”
Authorized ROEs (CPUC/FERC) for FY2028
“10.03% / 10.30%”
Authorized ROEs (CPUC/FERC) for FY2027
“10.03% / 10.30%”
Authorized ROEs (CPUC/FERC) for FY2026
“10.03% / 10.30%”
Authorized Equity Ratios (CPUC/FERC) for FY2028
“52% / 47.5%”
Authorized Equity Ratios (CPUC/FERC) for FY2027
“52% / 47.5%”
Authorized Equity Ratios (CPUC/FERC) for FY2026
“52% / 47.5%”
TKM/Woolsey Interest Benefit (Core EPS) for FY2028
“~32¢”
TKM/Woolsey Interest Benefit (Core EPS) for FY2027
“~32¢”
TKM/Woolsey Interest Benefit (Core EPS) for FY2026
“~32¢”
SCE Wildfire Debt Rate (Pre-tax) for FY2026
“5.3% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”
EIX Parent Debt Rate (Pre-tax) for FY2026
“5.4% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”
Equity Issuance ($ millions) for FY2026
“No equity issuance forecasted from 2026–2030”
Core Earnings per Share for FY2025
“$5.84”
Core Earnings per Share for FY2030
“$7.45–8.20”
Target Achievable EPS (Core EPS) for FY2030
“$7.45–8.20”
Capital Plan for the long term
“$38–41”
EIX Financing Plan - Uses: Capital Plan ($ i… for the long term
“$38–41”
Dividends for FY2026
“$7–9”
EIX Financing Plan - Uses: Dividends ($ in B… for FY2026
“$7–9”
EIX Financing Plan - Sources: Net cash provi… for FY2026
“$36–38”
EIX Financing Plan - Sources: Incremental De… for FY2026
“$9–12”
Incremental Debt for FY2026
“$9–12”
2026–2030 capital program for FY2026
“$38–41 billion”
Dividend payout
“45–55% of SCE core earnings”
Dividend payout target for the long term
“45–55% of SCE core earnings”
Load growth for FY2035
“~30–40%”
Woolsey securitization issuance timing for FY2026
“Targeting issuance of securitized bonds by mid-2026”
Woolsey securitization proceeds (Cash Flow) for FY2026
“~$2.0 billion expected mid-2026”
TKM interest benefit (ongoing, post-decision)
“~14¢ (annualized)”
Woolsey interest benefit (ongoing, post-deci…
“~18¢ (annualized)”
Remaining GRC and Wildfire-related Applicati… for FY2026
“1,163”
Remaining GRC and Wildfire-related Applicati… for FY2027
“359”
Woolsey Securitization Expected Rate Recover… for FY2026
“1,951”
WMCE Expected Rate Recovery ($ in Millions) for FY2027
“48”
Share Count (in millions) for FY2028
“385”
Share Count (in millions) for FY2027
“385”
Share Count (in millions) for FY2026
“385”
Basic EIX EPS for FY2026
“$5.90” – “$6.20”
Exhibit 99.1 · the passage around this item
… earlier in the release
31, ’25 Recovery Through Remaining Rate Recovery by Year 2026 2027 2028 2025 GRC (Jan–Sept. ’25) 789 Sept. ‘27 451 338 – 2023 WMCE 312 Sept. ‘26 312 – – 2022 WM/VM 128 Sept. ‘26 128 – – Woolsey CEMA 50 May ‘27 29 21 – TKM CEMA 14 Jun. ‘26 14 – – Various others 229 Varies 229 – – Total 1,522 1,163 359 – Pending Applications2 (Subject to CPUC Authorization) Application Request2,3,4 Expected Amort.2 Expected Rate Recovery by Year3 2026 2027 2028 Woolsey Securitization 1,951 n/a 1,951 – – 2024 WMCE 48 12 months – 48 – Total Including Securitization 1,999 1,951 48 – 1. Includes ~$3.2 billion recovered through securitization of AB 1054 capital expenditures and TKM authorized costs 2. Pending Applications reflects applications already submitted to the CPUC. Requested revenue requirement shown. Amounts and amortization subject to CPUC approval 3. Reflects request at the time of the application. SCE continues to record capital-related revenue requirements and interest that would also be authorized upon commission approval. For Woolsey securitization, amount reflects costs recovered upfront. Recovery in customer rates of costs to service the bonds takes place over the tenor of the debt at a fixed recovery charge rate 4. Woolsey Securitization estimate will be further refined as timing and costs of securitization transaction are evaluated Note: Numbers may not add due to rounding Remaining GRC and Wildfire-related Application Recoveries $ in Millions
21Edison Internationa
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.