Headquartered in Rosemead, CA Fiscal year ends December NYSE: EIX edison.com
Edison International (NYSE: EIX) is an electric utility holding company whose principal operating subsidiary, Southern California Edison (SCE), delivers electricity to about 15 million people across Southern, Central and Coastal California.
**How SCE earns money**
- Earnings are driven by a regulated rate base, projected to grow at about 7% annually from 2025 through 2030.
- About 85% of the rate base is CPUC-jurisdictional and about 15% is FERC-jurisdictional.
- Authorized ROEs are 10.03% (CPUC) and 10.30% (FERC).
- Revenue is set through General Rate Cases; the 2025 GRC is in effect and the 2029 GRC filing is expected in about six months.
**Capital program**
- The 2026–2030 plan of roughly $38–41 billion focuses on wildfire mitigation and grid hardening (covered conductor, targeted undergrounding), reliability, CAISO-awarded transmission projects, and an advanced metering infrastructure program.
- The company expects 30–40% load growth by 2035 from electrification.
**Wildfire and liability exposure**
- SCE has hardened about 90% of its distribution system in high fire risk areas.
- It operates under California's AB 1054 Wildfire Fund framework.
- It is managing significant liability exposure from the January 2025 Eaton Fire, including through its Wildfire Recovery Compensation Program.
**Other activities**
- Edison International Parent and Other includes holding-company debt, preferred stock, and the EIS insurance subsidiary; the company recently disposed of its Trio business.
- SCE is also decommissioning the San Onofre nuclear plant. Updated
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Edison International (NYSE: EIX) is an electric utility holding company whose principal operating subsidiary, Southern California Edison (SCE), delivers electricity to about 15 million people across Southern, Central and Coastal California. **How SCE earns money** - Earnings are driven by a regulated rate base…
24/7 Wall St.'s 12-month price target for EIX is $71.28, rated Buy. The Wall Street consensus target is $62.90. EIX price prediction →
