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Guidance history, every release

Edison International (EIX) · 8 releases, Oct 29, 2024 to Jul 30, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Oct 29, 2024 FY24 Q3	Feb 27, 2025 FY24 Q4	Apr 29, 2025 FY25 Q1	Jul 31, 2025 FY25 Q2	Oct 28, 2025 FY25 Q3	Feb 18, 2026 FY25 Q4	Apr 28, 2026 FY26 Q1	Jul 30, 2026 FY26 Q2
For FY2045
Expected load growth	—	—	—	New“80%”	—	—	—	—
Load growth	—	—	New“80%”	—	—	—	—	—
For FY2035
Expected load growth	—	—	—	New“35%”	—	—	—	—
Load growth	—	—	—	—	New“40–50%”	Lowered“~30–40%”	Reiterated“~30–40%”	Reiterated“~30–40%”
Mid-term cumulative sales growth	—	—	—	—	New“~40–50% cumulative sales growth”	—	—	—
For FY2030
Core Earnings per Share	—	—	—	—	—	New“$7.45–8.20”	Reiterated“$7.45–8.20”	Reiterated“$7.45–8.20”
Target Achievable Core EPS	—	—	—	—	—	—	New“$7.45–8.20”	—
Target Achievable EPS (Core EPS)	—	—	—	—	—	New“$7.45–8.20”	—	—
Target Core EPS	—	—	—	—	—	—	—	New“$7.45–8.20”
Capital Expenditures (CPUC)	—	—	—	—	—	—	—	New“8.1”
Capital Expenditures (FERC)	—	—	—	—	—	—	—	New“1.0”
Capital Expenditures (Range Case)	—	—	—	—	—	—	—	New“$7.9”
Capital Expenditures (Total)	—	—	—	—	—	—	—	New“$9.1”
Capital Expenditures CPUC ($ in Billions)	—	—	—	—	—	—	New“8.1”	—
Capital Expenditures FERC ($ in Billions)	—	—	—	—	—	—	New“1.0”	—
Capital Expenditures Range Case ($ in Billions)	—	—	—	—	—	—	New“$7.9”	—
Capital Expenditures Total ($ in Billions)	—	—	—	—	—	—	New“$9.1”	—
Rate Base (CPUC)	—	—	—	—	—	New“58.4”	—	Reiterated“58.4”
Rate Base (FERC)	—	—	—	—	—	New“9.5”	—	Reiterated“9.5”
Rate Base (Range Case)	—	—	—	—	—	—	—	New“$66.1”
Rate Base (Total)	—	—	—	—	—	New“$67.9”	—	Reiterated“$67.9”
SCE Capital Expenditures - CPUC ($ in Billions)	—	—	—	—	—	New“8.1”	—	—
SCE Capital Expenditures - FERC ($ in Billions)	—	—	—	—	—	New“1.0”	—	—
SCE Capital Expenditures - Range Case ($ in Billions)	—	—	—	—	—	New“$7.9”	—	—
SCE Capital Expenditures - Total ($ in Billions)	—	—	—	—	—	New“$9.1”	—	—
SCE Rate Base - CPUC (Weighted Average, $ in Billions)	—	—	—	—	—	New“58.4”	—	—
SCE Rate Base - FERC (Weighted Average, $ in Billions)	—	—	—	—	—	New“9.5”	—	—
SCE Rate Base - Range Case (Recorded, $ in Billions)	—	—	—	—	—	New“$66.1”	—	—
SCE Rate Base - Total (Weighted Average, $ in Billions)	—	—	—	—	—	New“$67.9”	—	—
SCE Rate Base CPUC ($ in Billions)	—	—	—	—	—	—	New“58.4”	—
SCE Rate Base FERC ($ in Billions)	—	—	—	—	—	—	New“9.5”	—
SCE Rate Base Range Case ($ in Billions)	—	—	—	—	—	—	New“$66.1”	—
SCE Rate Base Total ($ in Billions)	—	—	—	—	—	—	New“$67.9”	—
For FY2029
Advanced Metering Infrastructure incremental capital deployment	—	—	—	—	New“$2bn+”	—	—	—
CAISO-awarded FERC transmission projects incremental capital deployment	—	—	—	—	New“$2bn+”	—	—	—
Capital Expenditures (CPUC)	—	—	—	—	—	—	—	New“7.9”
Capital Expenditures (FERC)	—	—	—	—	—	—	—	New“1.1”
Capital Expenditures (Range Case)	—	—	—	—	—	—	—	New“$8.0”
Capital Expenditures (Total)	—	—	—	—	—	—	—	New“$9.0”
Capital Expenditures CPUC ($ in Billions)	—	—	—	—	—	—	New“7.9”	—
Capital Expenditures FERC ($ in Billions)	—	—	—	—	—	—	New“1.1”	—
Capital Expenditures Range Case ($ in Billions)	—	—	—	—	—	—	New“$8.0”	—
Capital Expenditures Total ($ in Billions)	—	—	—	—	—	—	New“$9.0”	—
Rate Base (CPUC)	—	—	—	—	—	New“53.8”	—	Reiterated“53.8”
Rate Base (FERC)	—	—	—	—	—	New“8.8”	—	Reiterated“8.8”
Rate Base (Range Case)	—	—	—	—	—	—	—	New“$61.7”
Rate Base (Total)	—	—	—	—	—	New“$62.6”	—	Reiterated“$62.6”
SCE Capital Expenditures - CPUC ($ in Billions)	—	—	—	—	—	New“7.9”	—	—
SCE Capital Expenditures - FERC ($ in Billions)	—	—	—	—	—	New“1.1”	—	—
SCE Capital Expenditures - Range Case ($ in Billions)	—	—	—	—	—	New“$8.0”	—	—
SCE Capital Expenditures - Total ($ in Billions)	—	—	—	—	—	New“$9.0”	—	—
SCE Rate Base - CPUC (Weighted Average, $ in Billions)	—	—	—	—	—	New“53.8”	—	—
SCE Rate Base - FERC (Weighted Average, $ in Billions)	—	—	—	—	—	New“8.8”	—	—
SCE Rate Base - Range Case (Recorded, $ in Billions)	—	—	—	—	—	New“$61.7”	—	—
SCE Rate Base - Total (Weighted Average, $ in Billions)	—	—	—	—	—	New“$62.6”	—	—
SCE Rate Base CPUC ($ in Billions)	—	—	—	—	—	—	New“53.8”	—
SCE Rate Base FERC ($ in Billions)	—	—	—	—	—	—	New“8.8”	—
SCE Rate Base Range Case ($ in Billions)	—	—	—	—	—	—	New“$61.7”	—
SCE Rate Base Total ($ in Billions)	—	—	—	—	—	—	New“$62.6”	—
For FY2028
Requested Annual GRC Revenue Requirement Increase	—	—	New“~$730”	—	—	—	—	—
Achievable EPS growth for 2028 Core Earnings per Share	—	—	New“$6.74–7.14”	—	—	—	—	—
Core Earnings per Share	—	—	—	New“$6.74–7.14”	Reiterated“$6.74–7.14”	—	—	—
Core EPS	—	—	—	—	—	New“$6.74–7.14”	Reiterated“$6.74–7.14”	Reiterated“$6.74–7.14”
Core EPS	—	New“$6.74-$7.14”	Reiterated“$6.74–7.14”	—	—	—	—	—
Core EPS (achievable)	—	—	—	New“$6.74–7.14”	—	—	—	—
EIX Consolidated Core EPS	—	—	—	—	New“$6.74–7.14”	Reiterated“$6.74–7.14”	Reiterated“$6.74–7.14”	Reiterated“$6.74–7.14”
EIX Parent and Other EPS	—	—	—	—	—	—	New“(1.00)–(0.90)”	Reiterated“(1.00)–(0.90)”
SCE EPS	—	—	—	—	New“7.89–8.19”	—	Lowered“7.74–8.04”	Reiterated“7.74–8.04”
SCE EPS (2028 table)	—	—	—	—	—	New“7.74–8.04”	—	—
TKM/Woolsey Interest Benefit (Core EPS)	—	—	—	—	—	New“~32¢”	Reiterated“~32¢”	Reiterated“~32¢”
Authorized Equity Ratios (CPUC/FERC)	—	—	—	—	—	New“52% / 47.5%”	Reiterated“52% / 47.5%”	Reiterated“52% / 47.5%”
Authorized ROEs (CPUC/FERC)	—	—	—	—	—	New“10.03% / 10.30%”	Reiterated“10.03% / 10.30%”	Reiterated“10.03% / 10.30%”
Capital Expenditures (CPUC)	—	—	—	New“7.0”	Lowered“6.6”	—	—	Raised“6.7”
Capital Expenditures (FERC)	—	—	—	New“0.7”	Raised“0.9”	—	—	Reiterated“0.9”
Capital Expenditures (Range Case)	—	—	New“$6.4”	Reiterated“$6.4”	Raised“$7.3”	—	—	Lowered“$7.2”
Capital Expenditures (Total)	—	—	New“$7.7”	Reiterated“$7.7”	Lowered“$7.5”	—	—	Raised“$7.6”
Capital Expenditures CPUC ($ in Billions)	—	—	—	—	—	—	New“6.7”	—
Capital Expenditures FERC ($ in Billions)	—	—	—	—	—	—	New“0.9”	—
Capital Expenditures Range Case ($ in Billions)	—	—	—	—	—	—	New“$7.2”	—
Capital Expenditures Total ($ in Billions)	—	—	—	—	—	—	New“$7.6”	—
Cost of Capital (CPUC ROE)	—	—	—	—	New“Range of outcomes around current 10.33%”	—	—	—
Cost of Capital (FERC ROE)	—	—	—	—	New“10.30%”	—	—	—
CPUC GRC Capex (SCE)	—	—	—	New“n/a”	—	—	—	—
EIX Parent and Other	—	—	—	—	New“(1.15)–(1.05)”	—	—	—
EIX Parent and Other (2028 table)	—	—	—	—	—	New“(1.00)–(0.90)”	—	—
EIX Parent Debt weighted average portfolio	—	—	—	—	New“5.4%”	—	—	—
Equity Ratios (CPUC)	—	—	—	—	New“52%”	—	—	—
Equity Ratios (FERC)	—	—	—	—	New“47.5%”	—	—	—
Grid hardening completion (GRC-approved)	—	—	—	—	—	—	—	New“970 miles”
Rate Base (CPUC)	—	—	—	New“51.8”	Lowered“49.2”	Raised“49.8”	—	Reiterated“49.8”
Rate Base (FERC)	—	—	—	New“8.8”	Lowered“8.3”	Reiterated“8.3”	—	Reiterated“8.3”
Rate Base (Range Case)	—	—	New“$55.3”	Reiterated“$55.3”	—	—	—	Raised“$57.7”
Rate Base (Total)	—	—	New“$60.6”	Reiterated“$60.6”	—	Lowered“$58.1”	—	Reiterated“$58.1”
Rate Base Mix	—	—	—	—	New“~86% CPUC / ~14% FERC”	—	—	—
Rate Base Mix (CPUC/FERC)	—	—	—	—	—	New“86% / 14%”	Reiterated“86% / 14%”	Reiterated“86% / 14%”
Rev. Req. Increase (PD)	—	—	—	New“0.4”	—	—	—	—
Rev. Req. Increase (SCE)	—	—	—	New“0.7”	—	—	—	—
SCE Capital Expenditures - CPUC ($ in Billions)	—	—	—	—	—	New“6.7”	—	—
SCE Capital Expenditures - FERC ($ in Billions)	—	—	—	—	—	New“0.9”	—	—
SCE Capital Expenditures - Range Case ($ in Billions)	—	—	—	—	—	New“$7.2”	—	—
SCE Capital Expenditures - Total ($ in Billions)	—	—	—	—	—	New“$7.6”	—	—
SCE Rate Base	—	—	—	—	New“$56.5–57.5 billion”	—	—	—
SCE Rate Base - CPUC (Weighted Average, $ in Billions)	—	—	—	—	—	New“49.8”	—	—
SCE Rate Base - FERC (Weighted Average, $ in Billions)	—	—	—	—	—	New“8.3”	—	—
SCE Rate Base - Range Case (Recorded, $ in Billions)	—	—	—	—	—	New“$57.7”	—	—
SCE Rate Base - Total (Weighted Average, $ in Billions)	—	—	—	—	—	New“$58.1”	—	—
SCE Rate Base ($ billions)	—	—	—	—	—	New“$57.7–58.1”	Reiterated“$57.7–58.1”	Reiterated“$57.7–58.1”
SCE Rate Base (Range Case)	—	—	—	—	New“$56.5”	—	—	—
SCE Rate Base (Total)	—	—	—	—	New“$57.5”	—	—	—
SCE Rate Base CPUC ($ in Billions)	—	—	—	—	—	—	New“49.8”	—
SCE Rate Base FERC ($ in Billions)	—	—	—	—	—	—	New“8.3”	—
SCE Rate Base Range Case ($ in Billions)	—	—	—	—	—	—	New“$57.7”	—
SCE Rate Base Total ($ in Billions)	—	—	—	—	—	—	New“$58.1”	—
Share Count (in millions)	—	—	—	—	New“385”	Reiterated“385”	Reiterated“385”	Reiterated“385”
TKM & Woolsey Interest Benefit	—	—	—	—	New“~32¢ annual benefit”	—	—	—
Total Company Rate Base (PD)	—	—	—	New“56.3”	—	—	—	—
Total Company Rate Base (SCE)	—	—	—	New“60.6”	—	—	—	—
Wildfire Debt (SCE) weighted average portfolio	—	—	—	—	New“5.3%”	—	—	—
For FY2027
Requested Annual GRC Revenue Requirement Increase	—	—	New“~$750”	—	—	—	—	—
Core EPS	—	—	—	—	—	New“$6.25–6.65”	Reiterated“$6.25–6.65”	Reiterated“$6.25–6.65”
Core EPS growth driver - rate base growth	—	—	—	—	—	—	—	New“~7%”
EIX Consolidated Core EPS	—	—	—	—	—	New“$6.25–6.65”	Reiterated“$6.25–6.65”	Reiterated“$6.25–6.65”
EIX Parent and Other EPS	—	—	—	—	—	—	New“(0.95)–(0.88)”	Reiterated“(0.95)–(0.88)”
SCE EPS	—	—	—	—	—	—	New“7.20–7.53”	Reiterated“7.20–7.53”
SCE EPS (2026/2027 table)	—	—	—	—	—	New“7.20–7.53”	—	—
TKM/Woolsey Interest Benefit (Core EPS)	—	—	—	—	—	New“~32¢”	Reiterated“~32¢”	Reiterated“~32¢”
Authorized Equity Ratios (CPUC/FERC)	—	—	—	—	—	New“52% / 47.5%”	Reiterated“52% / 47.5%”	Reiterated“52% / 47.5%”
Authorized ROEs (CPUC/FERC)	—	—	—	—	—	New“10.03% / 10.30%”	Reiterated“10.03% / 10.30%”	Reiterated“10.03% / 10.30%”
Capital Expenditures (CPUC)	—	—	—	New“7.2”	Lowered“6.8”	—	—	Lowered“6.7”
Capital Expenditures (FERC)	—	—	—	New“1.0”	Lowered“0.9”	—	—	Reiterated“0.9”
Capital Expenditures (Range Case)	—	—	New“$6.8”	Reiterated“$6.8”	Raised“$7.5”	—	—	Lowered“$7.3”
Capital Expenditures (Total)	—	—	New“$8.2”	Reiterated“$8.2”	Lowered“$7.7”	—	—	Lowered“$7.6”
Capital Expenditures CPUC ($ in Billions)	—	—	—	—	—	—	New“6.7”	—
Capital Expenditures FERC ($ in Billions)	—	—	—	—	—	—	New“0.9”	—
Capital Expenditures Range Case ($ in Billions)	—	—	—	—	—	—	New“$7.3”	—
Capital Expenditures Total ($ in Billions)	—	—	—	—	—	—	New“$7.6”	—
CPUC GRC Capex (SCE)	—	—	—	New“n/a”	—	—	—	—
Cumulative historical cost recovery	—	—	—	—	—	—	—	New“$11+ billion”
EIX Parent and Other (2026/2027 table)	—	—	—	—	—	New“(0.95)–(0.88)”	—	—
GRC and wildfire-related memo account recovery completion	—	—	—	—	—	—	—	New“nearly all of GRC and wildfire-related memo account recoveries will be complete”
Historical costs recovered by SCE	—	—	—	—	—	—	New“$11+ billion”	Reiterated“$11+ billion”
Rate Base (CPUC)	—	—	—	New“48.7”	Lowered“46.3”	Raised“46.4”	—	Reiterated“46.4”
Rate Base (FERC)	—	—	—	New“8.1”	Lowered“8.0”	Reiterated“8.0”	—	Reiterated“8.0”
Rate Base (Range Case)	—	—	New“$52.8”	Reiterated“$52.8”	—	—	—	Raised“$54.3”
Rate Base (Total)	—	—	New“$56.8”	Reiterated“$56.8”	—	Lowered“$54.4”	—	Reiterated“$54.4”
Rate Base Mix (CPUC/FERC)	—	—	—	—	—	New“85% / 15%”	Reiterated“85% / 15%”	Reiterated“85% / 15%”
Remaining AB 1054/TKM securitization recoveries	—	—	—	—	—	—	—	New“~$2.9 billion”
Remaining GRC and Wildfire-related Application Recoveries - Approved Applications Total ($ in Millions)	—	—	—	—	—	New“359”	—	—
Rev. Req. Increase (PD)	—	—	—	New“0.4”	—	—	—	—
Rev. Req. Increase (SCE)	—	—	—	New“0.8”	—	—	—	—
SCE Capital Expenditures - CPUC ($ in Billions)	—	—	—	—	—	New“6.7”	—	—
SCE Capital Expenditures - FERC ($ in Billions)	—	—	—	—	—	New“0.9”	—	—
SCE Capital Expenditures - Range Case ($ in Billions)	—	—	—	—	—	New“$7.3”	—	—
SCE Capital Expenditures - Total ($ in Billions)	—	—	—	—	—	New“$7.6”	—	—
SCE Rate Base - CPUC (Weighted Average, $ in Billions)	—	—	—	—	—	New“46.4”	—	—
SCE Rate Base - FERC (Weighted Average, $ in Billions)	—	—	—	—	—	New“8.0”	—	—
SCE Rate Base - Range Case (Recorded, $ in Billions)	—	—	—	—	—	New“$54.3”	—	—
SCE Rate Base - Total (Weighted Average, $ in Billions)	—	—	—	—	—	New“$54.4”	—	—
SCE Rate Base ($ billions)	—	—	—	—	—	New“$54.3–54.4”	Reiterated“$54.3–54.4”	Reiterated“$54.3–54.4”
SCE Rate Base (Range Case)	—	—	—	—	New“$53.6”	—	—	—
SCE Rate Base (Total)	—	—	—	—	New“$54.3”	—	—	—
SCE Rate Base CPUC ($ in Billions)	—	—	—	—	—	—	New“46.4”	—
SCE Rate Base FERC ($ in Billions)	—	—	—	—	—	—	New“8.0”	—
SCE Rate Base Range Case ($ in Billions)	—	—	—	—	—	—	New“$54.3”	—
SCE Rate Base Total ($ in Billions)	—	—	—	—	—	—	New“$54.4”	—
Share Count (in millions)	—	—	—	—	—	New“385”	Reiterated“385”	Reiterated“385”
Total Company Rate Base (PD)	—	—	—	New“53.1”	—	—	—	—
Total Company Rate Base (SCE)	—	—	—	New“56.8”	—	—	—	—
WMCE Expected Rate Recovery ($ in Millions)	—	—	—	—	—	New“48”	—	—
For FY2026
Requested Annual GRC Revenue Requirement Increase	—	—	New“~$670”	—	—	—	—	—
Basic EIX EPS	—	—	—	—	—	New“$5.90” – “$6.20”	Lowered“$5.86” – “$6.16”	Lowered“$5.70” – “$6.00”
Core EIX EPS	—	—	—	—	—	—	New“$5.90” – “$6.20”	Reiterated“$5.90” – “$6.20”
Core EPS	—	—	—	—	—	New“$5.90–6.20”	Reiterated“$5.90–6.20”	Reiterated“$5.90–6.20”
Core EPS (@ Midpoint)	—	—	—	—	—	New“6.05”	—	—
EIX Consolidated Core EPS	—	—	—	—	—	New“$5.90–6.20”	Reiterated“$5.90–6.20”	Reiterated“$5.90–6.20”
EIX Parent and Other EPS	—	—	—	—	—	—	New“(0.91)–(0.87)”	Reiterated“(0.91)–(0.87)”
Modeling Considerations - TKM/Woolsey Interest Benefit (Core EPS)	—	—	—	—	—	—	—	New“~32¢ ~32¢ ~32¢”
SCE EPS	—	—	—	—	—	—	New“6.81–7.07”	Reiterated“6.81–7.07”
SCE EPS (2026/2027 table)	—	—	—	—	—	New“6.81–7.07”	—	—
TKM/Woolsey Interest Benefit (Core EPS)	—	—	—	—	—	New“~32¢”	Reiterated“~32¢”	Reiterated“~32¢”
2026–2030 capital program	—	—	—	—	—	New“$38–41 billion”	—	—
Additional miles of covered conductor and targeted undergrounding	—	—	—	New“700+ miles”	—	—	—	—
Authorized Equity Ratios (CPUC/FERC)	—	—	—	—	—	New“52% / 47.5%”	Reiterated“52% / 47.5%”	Reiterated“52% / 47.5%”
Authorized ROEs (CPUC/FERC)	—	—	—	—	—	New“10.03% / 10.30%”	Reiterated“10.03% / 10.30%”	Reiterated“10.03% / 10.30%”
Capex plan	—	—	—	—	—	—	New“~$38–$41 billion”	Reiterated“~$38–$41 billion”
Capital Expenditures (CPUC)	—	—	—	New“7.2”	Lowered“6.5”	—	—	Reiterated“6.5”
Capital Expenditures (FERC)	—	—	—	New“0.9”	Lowered“0.8”	—	—	Reiterated“0.8”
Capital Expenditures (Range Case)	—	—	New“$6.8”	Reiterated“$6.8”	Raised“$7.1”	—	—	Reiterated“$7.1”
Capital Expenditures (Total)	—	—	New“$8.1”	Reiterated“$8.1”	Lowered“$7.3”	—	—	Reiterated“$7.3”
Capital Expenditures CPUC ($ in Billions)	—	—	—	—	—	—	New“6.5”	—
Capital Expenditures FERC ($ in Billions)	—	—	—	—	—	—	New“0.8”	—
Capital Expenditures Range Case ($ in Billions)	—	—	—	—	—	—	New“$7.1”	—
Capital Expenditures Total ($ in Billions)	—	—	—	—	—	—	New“$7.3”	—
Capital program	—	—	—	—	—	—	New“$38–41 billion”	—
CPUC GRC Capex (SCE)	—	—	—	New“n/a”	—	—	—	—
Dividends	—	—	—	—	—	New“$7–9”	Reiterated“$7–9”	Reiterated“$7–9”
EIX Financing Plan - Sources: Incremental Debt ($ in Billions)	—	—	—	—	—	New“$9–12”	—	—
EIX Financing Plan - Sources: Net cash provided by operating activities ($ in Billions)	—	—	—	—	—	New“$36–38”	—	—
EIX Financing Plan - Uses: Dividends ($ in Billions)	—	—	—	—	—	New“$7–9”	—	—
EIX Parent and Other (2026/2027 table)	—	—	—	—	—	New“(0.91)–(0.87)”	—	—
EIX Parent Debt Rate (Pre-tax)	—	—	—	—	—	New“5.4% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”	—	—
Equity Issuance ($ millions)	—	—	—	—	—	New“No equity issuance forecasted from 2026–2030”	Reiterated“No equity issuance forecasted from 2026–2030”	—
Equity Ratio (no change)	—	—	New“52%”	Reiterated“52%”	—	—	—	—
Expected annual rate recovery or securitization	—	—	—	—	—	—	—	New“0.5 2.0 $2.5 $0.4 $0”
Financing Plan - Dividends (Uses)	—	—	—	—	—	—	—	New“$7–9”
Financing Plan - Incremental Debt (Sources)	—	—	—	—	—	—	—	New“$9–12”
Financing Plan - Net cash provided by operating activities (Sources)	—	—	—	—	—	—	—	New“$36–38”
Financing Plan Sources - Dividends ($ in Billions)	—	—	—	—	—	—	New“$7–9”	—
Financing Plan Sources - Incremental Debt ($ in Billions)	—	—	—	—	—	—	New“$9–12”	—
Financing Plan Sources - Net cash provided by operating activities ($ in Billions)	—	—	—	—	—	—	New“$36–38”	—
Five-year capex plan	—	—	—	—	—	New“~$38–$41 billion”	—	—
Incremental Debt	—	—	—	—	—	New“$9–12”	Reiterated“$9–12”	Reiterated“$9–12”
Modeling Considerations - Authorized Equity Ratios (CPUC/FERC)	—	—	—	—	—	—	—	New“52% / 47.5% 52% / 47.5% 52% / 47.5%”
Modeling Considerations - Authorized ROEs (CPUC/FERC)	—	—	—	—	—	—	—	New“10.03% / 10.30% 10.03% / 10.30% 10.03% / 10.30%”
Modeling Considerations - EIX Parent Debt Rate (Pre-tax)	—	—	—	—	—	—	—	New“5.4% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”
Modeling Considerations - Equity Issuance ($ millions)	—	—	—	—	—	—	—	New“No equity issuance forecasted from 2026–2030”
Modeling Considerations - Rate Base Mix (CPUC/FERC)	—	—	—	—	—	—	—	New“85% / 15% 85% / 15% 86% / 14%”
Modeling Considerations - SCE Rate Base ($ billions)	—	—	—	—	—	—	—	New“$50.8 $54.3–54.4 $57.7–58.1”
Modeling Considerations - SCE Wildfire Debt Rate (Pre-tax)	—	—	—	—	—	—	—	New“5.3% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”
Modeling Considerations - Share Count (millions)	—	—	—	—	—	—	—	New“385 385 385”
Rate Base (CPUC)	—	—	—	New“45.3”	Lowered“42.8”	Raised“43.2”	—	Reiterated“43.2”
Rate Base (FERC)	—	—	—	New“7.7”	Lowered“7.6”	Reiterated“7.6”	—	Reiterated“7.6”
Rate Base (Range Case)	—	—	New“$50.4”	Reiterated“$50.4”	—	—	—	Raised“$50.8”
Rate Base (Total)	—	—	New“$53.0”	Reiterated“$53.0”	—	—	—	—
Rate Base Mix (CPUC/FERC)	—	—	—	—	—	New“85% / 15%”	Reiterated“85% / 15%”	Reiterated“85% / 15%”
Remaining GRC and wildfire-related application recoveries	—	—	—	New“~$2.6 billion”	—	—	—	—
Remaining GRC and Wildfire-related Application Recoveries - Approved Applications Total ($ in Millions)	—	—	—	—	—	New“1,163”	—	—
Request for 2026–2028 ROE	—	—	New“11.75%”	—	—	—	—	—
Request for 2026–2028 ROE (vs. 2025 authorized of 10.33%)	—	—	—	New“11.75%”	—	—	—	—
Requested ROE (2026 Cost of Capital application)	—	—	New“11.75%”	—	—	—	—	—
Rev. Req. Increase (PD)	—	—	—	New“0.5”	—	—	—	—
Rev. Req. Increase (SCE)	—	—	—	New“0.7”	—	—	—	—
SB 254 capex spending expectation	—	—	—	—	New“~$500–700 million”	—	—	—
SCE Capital Expenditures - CPUC ($ in Billions)	—	—	—	—	—	New“6.5”	—	—
SCE Capital Expenditures - FERC ($ in Billions)	—	—	—	—	—	New“0.8”	—	—
SCE Capital Expenditures - Range Case ($ in Billions)	—	—	—	—	—	New“$7.1”	—	—
SCE Capital Expenditures - Total ($ in Billions)	—	—	—	—	—	New“$7.3”	—	—
SCE Rate Base - CPUC	—	—	—	—	—	—	—	New“43.2 46.4 49.8 53.8 58.4”
SCE Rate Base - CPUC (Weighted Average, $ in Billions)	—	—	—	—	—	New“43.2”	—	—
SCE Rate Base - FERC	—	—	—	—	—	—	—	New“7.6 8.0 8.3 8.8 9.5”
SCE Rate Base - FERC (Weighted Average, $ in Billions)	—	—	—	—	—	New“7.6”	—	—
SCE Rate Base - Range Case (Recorded)	—	—	—	—	—	—	—	New“$50.8 $54.3 $57.7 $61.7 $66.1”
SCE Rate Base - Total	—	—	—	—	New“$50.4”	—	—	Changed“$50.8 $54.4 $58.1 $62.6 $67.9”
SCE Rate Base - Total (Weighted Average, $ in Billions)	—	—	—	—	—	New“$50.8”	—	—
SCE Rate Base ($ billions)	—	—	—	—	—	—	—	New“$50.8”
SCE Rate Base (Range Case)	—	—	—	—	New“$49.9”	—	—	—
SCE Rate Base CPUC ($ in Billions)	—	—	—	—	—	—	New“43.2”	—
SCE Rate Base FERC ($ in Billions)	—	—	—	—	—	—	New“7.6”	—
SCE Rate Base Range Case ($ in Billions)	—	—	—	—	—	—	New“$50.8”	—
SCE Wildfire Debt Rate (Pre-tax)	—	—	—	—	—	New“5.3% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”	Reiterated“5.3% weighted average portfolio; incorporates current yield curve, maturities, and financing assumptions”	—
Share Count (in millions)	—	—	—	—	—	New“385”	Reiterated“385”	Reiterated“385”
Total Company Rate Base (PD)	—	—	—	New“51.4”	—	—	—	—
Total Company Rate Base (SCE)	—	—	—	New“53.0”	—	—	—	—
Total Non-Core Items (High)	—	—	—	—	—	—	New“(0.04)”	Lowered“(0.20)”
Update Cost of Debt	—	—	New“4.75%”	—	—	—	—	—
Update Cost of Debt (vs. 2025 authorized of 4.58%)	—	—	—	New“4.75%”	—	—	—	—
Update Cost of Preferred	—	—	New“6.95%”	—	—	—	—	—
Update Cost of Preferred (vs. 2025 authorized of 6.42%)	—	—	—	New“6.95%”	—	—	—	—
Wildfire Mitigation Plan investment	—	—	—	New“$6.2 billion”	—	—	—	—
Woolsey Securitization Expected Rate Recovery ($ in Millions)	—	—	—	—	—	New“1,951”	—	—
Woolsey securitization issuance timing	—	—	—	—	—	New“Targeting issuance of securitized bonds by mid-2026”	—	—
Woolsey securitization proceeds (Cash Flow)	—	—	—	—	—	New“~$2.0 billion expected mid-2026”	—	—
Woolsey securitization proceeds expected	—	—	—	—	New“~$2.0 billion”	—	—	—
For FY2025
Requested Annual GRC Revenue Requirement Increase	—	—	New“~$1,900”	—	—	—	—	—
2025–2028 Core EPS CAGR	—	—	—	—	New“5–7% (off $5.84)”	—	—	—
Basic EIX EPS	—	—	New“$8.70”	Lowered“$8.22” – “$8.62”	Lowered“$8.05” – “$8.30”	—	—	—
Core Earnings per Share	—	—	—	New“$5.84”	Reiterated“$5.84”	Reiterated“$5.84”	Reiterated“$5.84”	Reiterated“$5.84”
Core EIX EPS	—	—	—	New“$5.94” – “$6.34”	Narrowed“$5.95” – “$6.20”	—	—	—
Core EPS	—	New“$5.94-$6.34”	Reiterated“$5.94–6.34”	Reiterated“$5.94–6.34”	Narrowed“$5.95–6.20”	—	—	—
Core EPS	—	—	New“$5.94”	—	—	—	—	—
Core EPS growth base	—	New“$5.84”	—	—	—	—	—	—
EIX Basic EPS	—	New“$5.94”	—	—	—	—	—	—
EIX Consolidated Core EPS	—	—	—	—	New“$5.95–6.20”	—	—	—
Rate Base EPS (based on capex levels)	—	—	New“6.60–6.80”	Reiterated“6.60–6.80”	—	—	—	—
SCE EPS	—	—	—	—	New“7.00–7.15”	—	—	—
Annual Equity Needs	—	—	—	—	New“~$100 MM”	—	—	—
Capital Expenditures (CPUC)	—	—	—	New“6.7”	Lowered“6.3”	—	—	—
Capital Expenditures (FERC)	—	—	—	New“0.8”	Lowered“0.5”	—	—	—
Capital Expenditures (Range Case)	—	—	New“$6.6”	Reiterated“$6.6”	Reiterated“$6.6”	—	—	—
Capital Expenditures (Total)	—	—	New“$7.5”	Reiterated“$7.5”	Lowered“$6.8”	—	—	—
CPUC GRC Capex (PD)	—	—	—	New“6.2”	—	—	—	—
CPUC GRC Capex (SCE)	—	—	—	New“6.8”	—	—	—	—
Dividends	—	—	—	New“$6–7”	—	—	—	—
Dividends (Uses)	—	—	New“$6–7”	—	Reiterated“$6–7”	—	—	—
EIX Parent & Other	—	—	New“(0.88)–(0.93)”	Reiterated“(0.88)–(0.93)”	—	—	—	—
EIX Parent and Other	—	—	—	—	New“(1.05)–(0.95)”	—	—	—
Equity	—	—	—	New“~$0.4”	—	—	—	—
Equity (Sources)	—	—	New“~$0.4”	—	—	—	—	—
Incremental Debt	—	—	—	New“$8–11”	—	—	—	—
Incremental Debt (Sources)	—	—	New“$8–11”	—	Lowered“$7–9”	—	—	—
Near-term annual sales growth	—	—	—	—	New“~1–3% annual sales growth”	—	—	—
Net cash provided by operating activities	—	—	—	New“$25–28”	—	—	—	—
Net cash provided by operating activities (Sources)	—	—	New“$25–28”	—	Narrowed“$26–28”	—	—	—
Quarterly common stock dividend	—	New“$0.8275 per share”	—	—	—	—	—	—
Rate Base (CPUC)	—	—	—	New“41.8”	Lowered“40.0”	—	—	—
Rate Base (FERC)	—	—	—	New“7.6”	Lowered“7.4”	—	—	—
Rate Base (Range Case)	—	—	New“$48.1”	Reiterated“$48.1”	—	—	—	—
Rate Base (Total)	—	—	New“$49.4”	Reiterated“$49.4”	—	—	—	—
Rate base CAGR	—	—	—	—	New“7–8%”	—	—	—
Rev. Req. Increase (PD)	—	—	—	New“1.2”	—	—	—	—
Rev. Req. Increase (SCE)	—	—	—	New“1.9”	—	—	—	—
SCE Costs Excluded from Authorized	—	—	New“(0.85)–(0.75)”	Reiterated“(0.85)–(0.75)”	—	—	—	—
SCE Op. Variance	—	—	New“1.05–1.25”	Reiterated“1.05–1.25”	—	—	—	—
SCE Rate Base (Range Case)	—	—	—	—	New“$47.2”	—	—	—
SCE Rate Base (Total)	—	—	—	—	New“$47.4”	—	—	—
Securitization proceeds	—	—	New“~$1.6 billion”	Reiterated“~$1.6 billion”	—	—	—	—
Securitization review and implementation timeline	—	—	New“~6 months”	—	—	—	—	—
Share Count (in millions)	—	—	—	—	New“385”	—	—	—
System average rate CAGR	—	—	—	—	New“~2–3%”	—	—	—
TKM securitization proceeds expected	—	—	—	—	New“~$1.6 billion”	—	—	—
Total Company Rate Base (PD)	—	—	—	New“48.5”	—	—	—	—
Total Company Rate Base (SCE)	—	—	—	New“49.4”	—	—	—	—
Total Non-Core Items	—	—	New“2.36”	—	—	—	—	—
Total Non-Core Items (High)	—	—	—	New“(2.28)”	Raised“(2.10)”	—	—	—
For FY2024
Core EPS	New“$4.80-$5.00”	—	—	—	—	—	—	—
EIX Basic EPS	New“$ 3.37” – “$ 3.57”	—	—	—	—	—	—	—
EIX Core EPS	New“$ 4.80” – “$ 5.00”	—	—	—	—	—	—	—
Less: Non-core Items High	New“(1.43)”	—	—	—	—	—	—	—
Less: Non-core Items*	New“(1.26)”	—	—	—	—	—	—	—
Rate Base CAGR	—	—	—	—	New“7–8%”	—	—	—
SCE Rate Base CAGR	—	—	—	—	New“~8%”	—	—	—
System Average Rate CAGR	—	—	—	—	New“~2.6%”	—	—	—
For FY2023
Capex forecast	—	—	—	New“~$38–43 billion”	—	—	—	—
GRC capex forecast	—	—	New“~$38–43 billion”	—	—	—	—	—
Rate Base CAGR	—	—	—	—	New“6–8%”	—	—	—
Rate base growth	—	—	New“~6–8%”	Reiterated“~6–8%”	—	—	—	—
No period stated
Core Earnings per Share CAGR	—	—	New“5–7%”	—	—	—	—	—
Core EPS CAGR	—	—	—	—	—	New“5–7%”	Reiterated“5–7%”	Reiterated“5–7%”
Core EPS growth rate	—	New“5-7%”	—	—	—	—	—	—
Core EPS growth rate position	—	—	—	—	—	—	New“high-end of long-term growth rate range of 5–7%”	—
Core EPS growth vs. long-term growth rate range	—	—	—	—	—	—	—	New“Expected to be at high-end of long-term growth rate range of 5–7%”
Core EPS vs. long-term growth range	—	—	—	—	—	New“Expected to be at high-end of long-term growth rate range of 5–7%”	—	—
Long-term core EPS growth rate targets	New“5%-7%”	—	—	—	—	—	—	—
Target dividend payout of SCE core earnings	—	—	New“45–55%”	Reiterated“45–55%”	—	—	—	—
4-year capital plan	—	—	—	—	New“$28–29 billion”	—	—	—
Advanced Metering Infrastructure 2.0 capital program	—	—	—	—	—	New“>$3 billion”	—	—
Advanced Metering Infrastructure 2.0 capital program	—	—	—	—	—	New“>$3 billion”	—	—
Capital Plan	—	—	—	New“$27–32”	—	Raised“$38–41”	Reiterated“$38–41”	—
Capital Plan (Uses)	—	—	New“$27–32”	—	—	—	—	—
Combined statutory tax rate assumption	—	—	—	—	New“approximately 28%”	—	—	—
Dividend payout	—	—	—	New“45–55% of SCE core earnings”	Reiterated“45–55% of SCE core earnings”	Reiterated“45–55% of SCE core earnings”	Reiterated“45–55% of SCE core earnings”	Reiterated“45–55% of SCE core earnings”
Dividend payout target	—	—	—	—	—	New“45–55% of SCE core earnings”	Reiterated“45–55% of SCE core earnings”	—
Dividend payout target	—	—	New“45–55% of SCE core earnings”	—	—	—	—	—
EIX Financing Plan - Uses: Capital Plan ($ in Billions)	—	—	—	—	—	New“$38–41”	—	—
FFO/Debt ratio target	—	—	—	—	New“15–17%”	—	—	—
FFO/Debt ratio target	—	—	—	—	New“15–17%”	—	—	—
Financing Plan - Capital Plan (Uses)	—	—	—	—	—	—	—	New“$38–41”
Financing Plan Uses - Capital Plan ($ in Billions)	—	—	—	—	—	—	New“$38–41”	—
Five-year capital expenditures plan	—	—	—	—	—	—	New“~$38–$41 billion”	—
Long-term cumulative sales growth	—	—	—	—	New“~100% cumulative sales growth”	—	—	—
Remaining GRC and wildfire-related application recoveries	—	—	—	—	—	—	—	New“~$2.9 billion”
Target dividend payout	—	—	—	—	New“45–55% of SCE core earnings”	—	—	Reiterated“45–55% of SCE core earnings”
TKM interest benefit (ongoing, post-decision)	—	—	—	—	—	New“~14¢ (annualized)”	—	—
TKM ongoing interest expense benefit (per share, annualized)	—	—	—	—	New“~14¢”	—	—	—
Woolsey interest benefit (ongoing, post-decision)	—	—	—	—	—	New“~18¢ (annualized)”	—	—
Woolsey one-time true-up (per share)	—	—	—	—	New“~44¢”	—	—	—
Woolsey ongoing interest expense benefit (per share, annualized)	—	—	—	—	New“~18¢”	—	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.