Edison International and Southern California Edison Company Form 8-K Filing

This report details the California Public Utilities Commission's (CPUC) final decision on Southern California Edison's (SCE) 2026 cost of capital. The decision maintains the current cost of capital mechanism and sets the authorized capital structure and cost of capital for both 2025 and 2026. For 2026, the authorized structure includes 43.00% long-term debt, 5.00% preferred equity, and 52.00% common equity, with a rate of return of 7.59%. Edison International (EIX) is also reaffirming its long-term guidance, projecting a 5-7% compound annual growth rate for Core EPS from 2025-2028, a 7-8% compound annual rate base growth from 2024-2028, a capital plan of $28-29 billion for 2025-2028, and no annual equity needs for the same period. EIX anticipates a total shareholder return of 11-13% based on a dividend yield of approximately 6% and its EPS growth target. The company is also reaffirming its 2025 earnings guidance, with projected Basic EPS between $8.05-$8.30 and Core EPS between $5.95-$6.20, after excluding non-core items.