Core Insights - Edison International reported a 61% year-over-year increase in net income, largely due to a true-up from Southern California Edison's 2025 general rate case [1] - The California Public Utilities Commission approved an increase of $1.1 billion in revenue for Southern California Edison in the 2025 general rate case [2] - Expected annual sales growth for the company is projected to be between 1% to 3% through 2028 [3] Wildfire Recovery - Southern California Edison announced new wildfire-related legal settlements, including an agreement to pay insurance companies 52 cents on the dollar for claims related to the Eaton Wildfire [4] - The company has not yet estimated total potential losses from the Eaton fire, with ongoing investigations into its cause [5] - Edison International plans to launch a wildfire recovery program for victims of the Eaton fire soon [5] Legislative and Financial Developments - The expansion of California's wildfire fund is seen as a positive development, potentially reimbursing Southern California Edison for liabilities related to the Eaton fire [6] - The recent downgrade of Edison International's credit rating by S&P Global was acknowledged, but the CFO believes the rating agency did not fully consider the benefits of state legislative reforms [7] Growth Outlook - Edison International's leadership noted that while demand from data centers has not been as high as other utilities, moderate load growth could be beneficial for investors [8] - Sales growth is expected to be driven by strong electric vehicle adoption, residential growth, and increased demand from commercial sectors such as manufacturing, logistics, and defense [8]