Edison International · NYSE:EIX
Edison International — Corporate Update (June 2013)
11 slides from Edison International's corporate update, Jun 7, 2013
Slide 1: SCE San Onofre Nuclear Generating Station Conference Call
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 0 SCE San Onofre Nuclear Generating Station Conference Call
Slide 2: Forward-Looking Statements
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 1 Statements contained in this presentation about future performance, including, without limitation, operating results, asset and rate base growth, capital expenditures, San Onofre Nuclear Generating Station (SONGS), regulatory out
Slide 3: SONGS – Supplemental Data
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 2 SONGS – Supplemental Data 1 Calculated in accordance with SONGS OII and differs from SCE’s prior estimates as it includes the planned outage periods and estimated foregone energy sales. Includes approximately $50 million incurred
Slide 4: SONGS Accounting Background
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 3 SONGS Accounting Background • Early Retirement - GAAP require reclassification of the amounts recorded in property, plant and equipment to a regulatory asset to the extent that management concludes it is probable such costs are r
Slide 5: SONGS Estimated Impairment Range
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 4 SONGS Estimated Impairment Range ($ millions as of March 31, 2013 except as noted) The estimated impairment range of $450 to $650 million pre-tax, that will be finalized in the second quarter, considers exposure for recovery of S
Slide 6: SONGS Decommissioning Funding
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 5 SONGS Decommissioning Funding Fund Assets $1,405 $1,600 $3,005 Fund Assets (after-tax) 1,286 1,452 2,738 2022 Decommissioning Costs – 2013$1 1,458 1,597 3,055 Funded Ratio 88% 91% 90% Target Funding Completion Date 2022 2022 2022
Slide 7: Capital Expenditures Forecast
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 6 $3.9 $4.2 $4.0 2012 2013 2014 2015 2016 2017 Forecast pending GRC Notice of Intent filing Q3 2013 Note: 2013-14 forecasted capital spending subject to timely receipt of permitting, licensing, and regulatory approvals. Forecast ra
Slide 8: Rate Base Forecast
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 7 Rate Base Forecast $21.4 $22.8 $21.8 $23.6 2013 2014 2015 2016 2017 Note: Weighted-average year basis, including: (1) forecasted 2012-2014 FERC rate base requests; (2) SCE Solar PV program including CPUC-approved Petition for Mod
Slide 9: 2013 Core and Basic Earnings Guidance
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 8 2013 Core and Basic Earnings Guidance Note: See Use of Non-GAAP Financial Measures in Appendix SONGS Guidance Changes: • $(0.15) per share from removal of $1.2 billion rate base effective in June pending regulatory treatment of r
Slide 10: Appendix
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 9 Appendix
Slide 11: Use of Non-GAAP Financial Measures
EDISON INTERNATIONAL® Leading the Way in Electricity SM June 7, 2013 10 Edison International's earnings are prepared in accordance with generally accepted accounting principles used in the United States. Management uses core earnings internally for financial planning and for analysis of performance.