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Edison International — Apr 28, 2026 release

Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-26-000041
Open on SEC.gov ↗
Showing in the filing
Five-year capital expenditures plan
“~$38–$41 billion”
Period
The long term
Measure
Company-defined measure
Source
Prose
All guidance in this release · 92
Core EPS CAGR for the long term
“5–7%”
Capex plan for FY2026
“~$38–$41 billion”
Five-year capital expenditures plan for the long term
“~$38–$41 billion”
Capital Expenditures CPUC ($ in Billions) for FY2026
“6.5”
Capital Expenditures CPUC ($ in Billions) for FY2028
“6.7”
Capital Expenditures CPUC ($ in Billions) for FY2027
“6.7”
Capital Expenditures FERC ($ in Billions) for FY2028
“0.9”
Capital Expenditures FERC ($ in Billions) for FY2027
“0.9”
Capital Expenditures FERC ($ in Billions) for FY2029
“1.1”
Capital Expenditures FERC ($ in Billions) for FY2030
“1.0”
Capital Expenditures Total ($ in Billions) for FY2026
“$7.3”
Capital Expenditures Total ($ in Billions) for FY2028
“$7.6”
Capital Expenditures Total ($ in Billions) for FY2027
“$7.6”
SCE Rate Base FERC ($ in Billions) for FY2026
“7.6”
Capital Expenditures Total ($ in Billions) for FY2029
“$9.0”
Capital Expenditures Total ($ in Billions) for FY2030
“$9.1”
Capital Expenditures Range Case ($ in Billio… for FY2026
“$7.1”
Capital Expenditures Range Case ($ in Billio… for FY2027
“$7.3”
Capital Expenditures Range Case ($ in Billio… for FY2028
“$7.2”
Capital Expenditures Range Case ($ in Billio… for FY2029
“$8.0”
SCE Rate Base FERC ($ in Billions) for FY2027
“8.0”
Capital Expenditures Range Case ($ in Billio… for FY2030
“$7.9”
Capital Expenditures CPUC ($ in Billions) for FY2029
“7.9”
SCE Rate Base CPUC ($ in Billions) for FY2026
“43.2”
SCE Rate Base CPUC ($ in Billions) for FY2027
“46.4”
SCE Rate Base CPUC ($ in Billions) for FY2028
“49.8”
SCE Rate Base CPUC ($ in Billions) for FY2029
“53.8”
SCE Rate Base CPUC ($ in Billions) for FY2030
“58.4”
SCE Rate Base FERC ($ in Billions) for FY2029
“8.8”
SCE Rate Base FERC ($ in Billions) for FY2030
“9.5”
SCE Rate Base Total ($ in Billions) for FY2027
“$54.4”
SCE Rate Base Total ($ in Billions) for FY2028
“$58.1”
SCE Rate Base Total ($ in Billions) for FY2029
“$62.6”
SCE Rate Base Total ($ in Billions) for FY2030
“$67.9”
SCE Rate Base Range Case ($ in Billions) for FY2029
“$61.7”
SCE Rate Base Range Case ($ in Billions) for FY2030
“$66.1”
SCE EPS for FY2026
“6.81–7.07”
SCE EPS for FY2027
“7.20–7.53”
EIX Parent and Other EPS for FY2026
“(0.91)–(0.87)”
EIX Parent and Other EPS for FY2027
“(0.95)–(0.88)”
Core EIX EPS for FY2026
“$5.90” – “$6.20”
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 growth rate position for the long term
“high-end of long-term growth rate range of 5–7%”
Core Earnings per Share for FY2025
“$5.84”
SCE EPS for FY2028
“7.74–8.04”
EIX Parent and Other EPS for FY2028
“(1.00)–(0.90)”
Core EPS for FY2028
“$6.74–7.14”
EIX Consolidated Core EPS for FY2028
“$6.74–7.14”
Core Earnings per Share for FY2030
“$7.45–8.20”
Target Achievable Core EPS for FY2030
“$7.45–8.20”
Capital Plan for the long term
“$38–41”
Financing Plan Uses - Capital Plan ($ in Bil… for the long term
“$38–41”
Dividends for FY2026
“$7–9”
Financing Plan Sources - Dividends ($ in Bil… for FY2026
“$7–9”
Financing Plan Sources - Net cash provided b… for FY2026
“$36–38”
Financing Plan Sources - Incremental Debt ($… for FY2026
“$9–12”
Incremental Debt for FY2026
“$9–12”
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%”
Historical costs recovered by SCE for FY2027
“$11+ billion”
SCE Rate Base FERC ($ in Billions) for FY2028
“8.3”
SCE Rate Base Range Case ($ in Billions) for FY2026
“$50.8”
Capital Expenditures FERC ($ in Billions) for FY2026
“0.8”
SCE Rate Base ($ billions) for FY2027
“$54.3–54.4”
SCE Rate Base Range Case ($ in Billions) for FY2027
“$54.3”
SCE Rate Base ($ billions) for FY2028
“$57.7–58.1”
SCE Rate Base Range Case ($ in Billions) for FY2028
“$57.7”
Capital Expenditures CPUC ($ in Billions) 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”
Equity Issuance ($ millions) for FY2026
“No equity issuance forecasted from 2026–2030”
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
“$5.86” – “$6.16”
Total Non-Core Items (High) for FY2026
“(0.04)”
Exhibit 99.1 · the passage around this item
… earlier in the release
See EIX Core EPS Non-GAAP Reconciliations and Use of Non-GAAP Financial Measures in Appendix Note: Diluted earnings were $1.37 and $3.72 per share for the three months ended March 31, 2026 and 2025, respectively First-quarter 2026 Core EPS increased year over year, primarily due to:  SCE: The adoption of the 2025 GRC final decision in the third quarter of 2025, partially offset by the absence of a benefit to interest expense related to cost recoveries authorized under the TKM Settlement Agreement in Q1 2025  EIX Parent and Other: Lower preferred stock dividends, partially offset by higher interest expense Takeaways   5Edison International | First-Quarter 2026 Earnings Call 2026–2030 Capital Expenditures Plan1 Five-year capex plan of ~$38–$41 billion to strengthen reliability, resilience, and readiness to meet customer needs Capital Expenditures, $ in Billions 1. Forecast includes amounts approved in SCE’s 2025 GRC filing. Additionally, reflects non-GRC spending subject to future regulatory requests beyond GRC proceedings and FERC Formula Rate annual updates 2. Annual Range Case capital reflects variability associated with future requests based on management judgment, potential for permitting delays and other operational considerations 6.5 6.7 6.7 7.9 8.1 0.8 0.9 0.9 1.1 1.0 $7.3 $7.6 $7.6 $9.0 $9.1 2026 2027 2028 2029 2030 CPUC FERC Range Case2 $7.1 $7.3 $7.2 $8.0 $7.9 Forecast through 2030 includes: • 2025 GRC approval • CAISO-awarded FERC transmission projects • Advanced metering infrastructure program (~50% of total $3.1bn projected spend is 2026–2030) • Planned 2029 GRC request Beyond 2030, continued long- term capital investment opportunities to serve customers • 2029 GRC investments • CAISO-awarded FERC transmission projects (~$2bn) • Advanced metering infrastructure program (~50% of total $3.1bn projected spend is 2031–2033)   6Edison International | First-Quarter 2026 Earnings Call 40.1 43.2 46.4 49.8 53
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.