Financial Data and Key Metrics Changes - The company reported adjusted net income of $28.4 million and adjusted earnings per share of $1.74 for Q1 2025, an increase of $1.2 million or $0.05 per share compared to Q1 2024 [6][16] - Electric adjusted gross margin was $27.5 million, up $400,000 or 1.5% year-over-year, driven by higher distribution rates and customer growth [18] - Gas adjusted gross margin reached $70.9 million, an increase of $9.9 million or approximately 16.2% compared to the same period in 2024, attributed to higher distribution rates, customer growth, and a return to normal winter weather [19] Business Line Data and Key Metrics Changes - The company added approximately 970 electric customers and 9,230 new gas customers in Q1 2025, including 8,730 from the Bangor acquisition [19][20] - Excluding the Bangor acquisition, gas adjusted gross margin was $68 million, reflecting a $7 million or 10.2% increase compared to Q1 2024 [20] Market Data and Key Metrics Changes - The company anticipates adding about 15,000 customers in Maine, where customer growth is projected at 4% to 5% [9] - The acquisition of Aquarian Water Company is expected to add 23,000 customers and $78 million of rate base as of December 31, 2024 [13] Company Strategy and Development Direction - The company is focused on expanding its regulated operations through recent acquisitions, including Bangor Natural Gas and Maine Natural Gas, which are expected to support long-term rate base and earnings growth [6][7] - The company reaffirmed its long-term guidance for earnings growth, dividend growth, and rate base growth, expecting acquisitions to support earnings growth toward the upper end of the 5% to 7% range over the next five years [7][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic initiatives and growth opportunities, stating that the company is in a strong position to provide long-term sustainable value [26] - The company expects rate base growth to accelerate to about 10% annually through 2029 due to acquisitions [14] Other Important Information - The company filed a distribution rate case with the New Hampshire Public Utilities Commission, proposing a revenue requirement increase of $18.5 million [22] - The current five-year capital budget totals approximately $1 billion, which is 46% higher than the previous five years, excluding growth from acquisitions [24] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.

Financial Performance - Edison International's Q1 2025 GAAP EPS was $3.73[6], while Core EPS was $1.37[6] - The company reaffirmed its 2025 Core EPS guidance of $5.94–6.34[6] - Edison International anticipates a 5–7% Core EPS Compound Annual Growth Rate (CAGR) from 2025 to 2028, projecting EPS of $6.74–7.14 in 2028[5] Regulatory and Capital Investments - The company has a capital program of $38–43 billion for 2023–2028, supporting a projected rate base growth of approximately 6–8%[25] - SCE filed for a 2026 Cost of Capital, requesting an ROE of 11.75% compared to the 2025 authorized ROE of 10.33%[11] - SCE's 2025 General Rate Case (GRC) requests annual revenue requirement increases of approximately $1.9 billion in 2025, $670 million in 2026, $750 million in 2027, and $730 million in 2028[12] Wildfire and Legal Matters - The TKM settlement was approved, leading to a one-time Core EPS impact of approximately $0.30 and an annual interest expense reduction of $0.14[31] - SCE is pursuing cost recovery for the Woolsey fire, with a request of approximately $5.4 billion[28] - Approximately $1.6 billion will be recovered through securitization of AB 1054 capital expenditures[34]