Financial Data and Key Metrics - The company reaffirmed its full-year core EPS guidance of $4.55 to $4.85 for 2023 [22] - Core EPS for Q2 2023 was $1.01, with a $0.13 year-over-year increase driven by GRC attrition year revenue escalation ($0.19), higher FERC and other revenue ($0.04), and balancing account interest income ($0.10), partially offset by a $0.16 increase in interest expense [181][105] - The company expects 5% to 7% EPS growth from 2021 through 2025, with a pathway to $7 EPS potential by 2028 [146][43] - SCE's 2025 base revenue requirement is $10.3 billion, a $1.9 billion (12%) increase over 2024 rates, leading to a 9% system average rate increase and a 10% average residential customer bill increase [16] Business Line Data and Key Metrics - SCE's capital expenditure forecast for 2023-2028 is $38 to $43 billion, with over 85% allocated to distribution grid investments [162][182] - SCE has implemented AI and technology advancements, including computer vision algorithms for T&D inspections, reducing wildfire risks and improving operational efficiency [17][35] - SCE's wildfire mitigation efforts have reduced the probability of catastrophic wildfire losses by 85% compared to pre-2018 levels [151] - SCE's energy storage portfolio exceeded 5,000 megawatts by year-end, one of the largest in the nation [159] Market Data and Key Metrics - SCE's rate base growth is projected at 6% to 8%, starting from a 2023 base of $41.9 billion, nearly 20% higher than two years ago [164] - The California Independent System Operator (CAISO) identified $2.3 billion in transmission projects for SCE, with an additional $3 billion in competitive projects in Southern California [183] - The state of California allocated $2.7 billion over four years for forest resiliency and fire suppression, maintaining 98% of the original proposal [38] Company Strategy and Industry Competition - SCE is focused on advancing California's clean energy transition, maintaining cost leadership, and achieving net-zero commitments [15][20] - The company is leveraging AI, robotic process automation, and mobile solutions to enhance customer experience, grid planning, and operational efficiency [36] - SCE's 2025 GRC application emphasizes grid reliability, resilience, and readiness to support California's decarbonization goals [147] - The company is exploring additional capital deployment opportunities, with at least $2 billion in potential investments to be requested in standalone applications [23] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in achieving 5% to 7% EPS growth through 2028, driven by strong rate base growth and stabilized headwinds [61][188] - The company highlighted the potential for cost recovery in legacy wildfire proceedings, which could provide substantial upside to long-term earnings [27] - Management noted the importance of the CHIPS Act and federal infrastructure investments in supporting long-term supply chain resilience [31] - The company is prepared for the wildfire season, with 76% of distribution lines in high fire risk areas expected to be hardened by year-end [19] Other Important Information - SCE's operational excellence program has identified O&M savings, including $55 million from combined ground and aerial inspections [41][24] - The company has achieved $160 million in annual savings through its expanded wildfire self-insurance program [186] - SCE's vegetation management program inspects 1.6 million trees annually, mitigating approximately 850,000 trees, with over half in high fire risk areas [176] Q&A Session Summary Question: Long-term EPS growth and rate base growth alignment - Management clarified that the 5% to 7% EPS growth aligns with rate base growth, with stabilization of past headwinds and strong AFEDC growth contributing to this alignment [108][110] Question: Equity financing and capital needs - The company plans to rely on internal equity programs, generating approximately $100 million annually, to meet equity needs through 2028 [53][78] Question: CAISO transmission opportunities - CAISO's transmission planning process identifies projects on a 20-year outlook, with $2.3 billion in incumbent projects for SCE and $3 billion in competitive projects [57][58] Question: Operational variances and AFEDC - Management provided sensitivities for operational variances, including AFEDC and depreciation adjustments, with AFEDC expected to rise from $0.30-$0.35 to $0.45 by 2028 [100][111] Question: CCM trigger and ROE adjustment - The CCM is likely to trigger, with an advice letter to be filed in October for a potential ROE adjustment, though this is not factored into the 5% to 7% EPS growth target [106][125] Question: Wildfire cost recovery - SCE will file a cost recovery application in August for the 2017 and 2018 wildfire events, seeking full CPUC cost recovery [37][51]

Procurement: Finding Ways to Buy Better 2025 Investments in safety and reliability of the grid 1. See EIX Core EPS Non-GAAP Reconciliations and Use of Non-GAAP Financial Measures in Appendix 2. For comparability, 2023 year-to-date key EPS drivers are reported based on 2022 weighted-average share count of 380.9 million. 2023 year-to-date weighted-average shares outstanding is 382.8 million 3. Includes $0.02 lower revenue related to higher tax benefits subject to balancing accounts and offset with income taxe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☑ EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the transition period from to Commission Exact Name of Registrant State or Other Jurisdiction of IRS Employer File Number as specified in its charter Incorporation or Organization Identific ...

Edison International (NYSE:EIX) Q1 2023 Earnings Conference Call May 2, 2023 4:30 PM ET Company Participants Sam Ramraj - Vice President of Investor Relations Pedro Pizarro - President and Chief Executive officer Maria Rigatti - Executive Vice President and Chief Financial Officer Steven Powell - President and Chief Executive Officer of Southern California Edison Conference Call Participants Angie Storozynski - Seaport Shar Pourreza - Guggenheim Partners Ryan Levine - Citi Gregg Orrill - UBS Julien Dumoulin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☑ EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the transition period from to Commission Exact Name of Registrant State or Other Jurisdiction of IRS Employer File Number as specified in its charter Incorporation or Organization Identifi ...

Maria Rigatti Maria Rigatti Steve Fleishman Operator Pedro Pizarro Pedro Pizarro Pedro Pizarro Pedro Pizarro Pedro Pizarro Sure. So, Track 4 is that stub year in our 2021 GRC case, so it addresses 2024 revenue requirement. We've gotten -- interveners have filed comments. I think we're going through the normal process. The schedule for that is to get a decision by the end of this year. So that's a very relevant data point for 2024. So that is sort of the normal process that we go through anytime there's a GR ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission Exact Name of Registrant State or Other Jurisdiction of IRS Employer File Number as specified in its charter Incorporation or Organization Identificatio ...

Edison International (NYSE:EIX) Q3 2022 Results Conference Call November 1, 2022 4:30 PM ET Company Participants Sam Ramraj - VP, IR Pedro Pizarro - President, CEO Maria Rigatti - EVP, CFO Conference Call Participants Gregg Orrill - UBS Julien Dumoulin-Smith - Bank of America Nick Campanella - Credit Suisse Rich Sunderland - JP Morgan Shar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Research Operator Good afternoon, and welcome to the Edison International Third Quarter 2022 Financial Teleconferen ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | --- | |--------------------------|--------------------------------------------------------------------|------------- ...

Edison International (NYSE:EIX) Q2 2022 Earnings Conference Call July 28, 2022 4:30 PM ET Company Participants Sam Ramraj - Head of IR Pedro Pizarro - Chief Executive Officer Maria Rigatti - Chief Financial Officer Steven Powell - President and CEO of Southern California Edison Conference Call Participants Shahriar Pourreza - Guggenheim Partners Michael Lapides - Goldman Sachs Jonathan Arnold - Vertical Research Partners. Steve Fleishman - Wolfe Research Paul Fremont - Mizuho Julien Dumoulin-Smith - Bank of ...