Edison International · NYSE:EIX
Edison International — Deutsche Bank Energy & Utilities Conference 2007
24 slides from Edison International's conference presentation, May 31, 2007
Slide 1: Leading the Way in Electricity
Exhibit 99.1 Leading Deutsche Energy May Tom Chief EDISON McDaniel, 31, Financial and the 2007 INTERNATIONAL® Bank Utilities WayOfficer Executive in Electricity Conference andVice Treasurer SM President,
Slide 2: Forward Looking Statements
Leading Forward Statements not differ International’s represent Deutsche purely materially the Looking our Bank historical, contained Way expectations 2006 Energy from in Statements Electricity Form are in current &this forward-looking Utilities 10-K only presentation expectations. SM as and of Conf
Slide 3: Our Mission and Market Data
Leading Our Market Southern Population Edison Revenue Operating Generation Wind Note: Mission Deutsche Business Pipeline Financial International Mission Capitalization Group the $12.6 $10.3 $2.3 California Bank Cash Served Capacity Way Portfolio (MW) includes Energy data Flow Group in(MM) Electricit
Slide 4: Our Strong Value Proposition
Leading Our Strong Low-cost Visible Valuable Increasing Attractive Earnings Deutsche Value utility and the franchise growth Bank coal-based and Proposition capacity predictable Way platform sustainable Energy and inpositions values Electricity competitive financial with & earnings Utilities growth f
Slide 5: 2004 Strategy Remains On Track
2004 Strategy Leading the Way Remains in Electricity On Track SM 2007 2004 2005 2006 Guidance2 Core EPS1 $1.50 $3.13 $3.07 $3.05 to $3.45 Basic Our Balance Dividends Growth With 1 2 share. Deutsche A 2007 Non-GAAP 2004 total EPS On Basic sheet Bank strategy May returns $2.81 EPS strength 9, Energy m
Slide 6: Leading Growth Strategies
Generation Leading Growth Southern Driven Investments Transmission Distribution principally Strategies the California -Way emphasize: –meeting -system system inby Electricity Edison peak rate reliability, reliability, base system SM growth demand renewables demand, growth demand mandatesgrowth and s
Slide 7: Focus on Financial Strategies and Credit Objectives
Focuson Leading Financial Funding Southern Operating Parent Edison Cash on investment Mission hand, the Growth California organic Strategies cash Way operating flow Energy Investments in growth using Electricity Edison and borrowing cash financing flow, SM project capacitydebt if needed Credit Objec
Slide 8: Southern California Edison: An Investor-Owned Electric Utility
Leading Southern An Deutsche Investor-Owned the California Bank WayEnergy in Electricity Edison Electric & Utilities (SCE) Utility SMConference 7 EDISON INTERNATIONAL®
Slide 9: SCE New Connections and Peak Demand Growth Driver
Leading SCE New 87,708 Peak 26,000 Strong Deutsche Growth Meter Demand customer 90,000 23,517 the Bank Connections Way Driver 83,979 21,934 Energy and in Electricity –load Market Connections 22,889 & Utilities growth 22,000 Demand SMkeeps Conference 77,437 18,821 statewide 75,626 20,136 8 EDISON foc
Slide 10: SCE Proposed Five-Year Capital Spending Plan
$% Leading SCE Proposed $ $4$ $3 2007 $0 $1 Current Billions $2.8 3.9 Growth 2008 $2.4 Forecast the Five-Year $5 2009 Way $2 Driver $4.22010 by in$4.0 Electricity Capital Classification – Investment 2011 Spending SM Plan Edison SmartConnectTM 1.2 7 Generation Transmission Distribution Current $% CPU
Slide 11: SCE Rate Base Growth Driver
CE Growth Leading the Driver Way in–Electricity InvestmentSM Forecast SCE Rate Base 2006-20111 $ Includes th al +% mpoun 12$17.6 2006 Approved Rate 1 maintaining Deutsche Billion Grow Rate Co base 2007 $20.4 $18 Bank growth 2009 impact 2008 project $14.5 $21 Energy GRC 2009 provides ofd$15 permittin
Slide 12: Constructive Rate Making and Regulatory Framework
Leading Constructive Rate General spending; 2006 Plan Investors’ 11.6% 11.8% CPUC Procurement Energy Customer Only California’s Deutsche to Base GRC limited return ROCE isfile Efficiency Resources Rate the considering Bank affirmed Rates Return Decision 2009 regulatory Way rate Cost Regulatory on Ca
Slide 13: Edison Mission Energy: A Competitive Power Generation Company
Leading Edison A Deutsche Competitive Mission the Bank Way Power Energy Group in Electricity Generation (EMG) & Utilities SMCompany Conference 12 EDISON INTERNATIONAL®
Slide 14: EMG Wind Platform Growth Driver
Leading EMG Washington Natural California New Oklahoma Wind Texas Coal Pennsylvania West Mexico 5,613 1,884 40 Virginia 90 95 161 Growth Gas MW the MW MW MW Way Iowa 70(UC) 964 Driver MW MW in Minnesota Electricity ?Wind - Operating 109 Illinois SM MW/36 Platform MW (UC) ?Wind 75 MW/50 MW (UC) ?Natu
Slide 15: EMG Midwest Generation Plants
Leading EMG Midwest Six Plants $45.55 $40 /MWh $20$ $11.60 Homer Merchant Baseload $60 $40$ Average 1 2 Deutsche Average merchant $31.20 $48.02 19.60 35.93 Growth dispatch $33.15 $12.40 $46.19 City the realized Realized fuel Generation plant Bank coal realized MWG $45.05 $24.97 Way costs coal Driver
Slide 16: Favorable Homer City PJM Capacity Market Trends
Leading Favorable Homer 0 EMG Future Midwest Generation PJM West “Rest 2008-2009 2009-2010 2010-2011 1 Deutsche 2,000 NotMarket PJM West of 2007-8 sells all PJM City 4,000 the Market” capacity Generation Homer Bank PJM EMG MAAC+ power (February (July) (October) City Auction Way 886 Facts PJM Energy
Slide 17: EMG Favorable Refinancing
Leading EMG $ Favorable Enhanced Moves Simplifies Facilitates Expands Tender Interest 2007 $1,200,000,000 Deutsche 2.7 Edison billion Growth refinancing premium savings: the liquidity Bank financial market longer-term capital Way EMG Mission Driver Energy 7.00% $0.07 and in conditions structure Refi
Slide 18: EMG Wind Development Pipeline
Leading Nebraska Wyoming Utah Oklahoma Minnesota Wisconsin Illinois Maine New Pennsylvania Maryland West Pipeline EMG In-Service Construction Development Turbines ~2,700 1 Deutsche Data York Mexico Pipeline Virginia Wind Growth Pipeline as development Pipeline the 300 60 630 127 80 345 (not of Bank
Slide 19: EMG Natural Gas and Other Growth Opportunities
Leading EMG Natural Thermal Walnut Potential Will Some Assets IGCC Carson Joint petroleum enhanced Confirming Target Other Deutsche be Venture Growth opportunities regions with operating complement Hydrogen Creek selective Gas-Fired the development acquisitions Bank oil coke Carbon project Way recov
Slide 20: Our Attractive Shareholder Value Proposition
Leading Our Attractive Southern Demonstrated Among Edison Favorable Strong Commitment Incentive Deutsche Shareholder growth Mission the the California compensation Bank business market best Way toneed pipeline Energy Group long-term domestic Value in conditions portfolio for Electricity Edison Propo
Slide 21: Edison International: Leading the Way in Electricity
EDISONthe Leading Deutsche INTERNATIONAL® Bank WayEnergy in Electricity & Utilities SMConference EDISON INTERNATIONAL®
Slide 22: Appendix
Leading the Deutsche Appendix Bank WayEnergy in Electricity & Utilities SMConference 21 EDISON INTERNATIONAL®
Slide 23: First Quarter Core Earnings Reconciliation
Leading First Quarter 2006 Core Southern Edison Parent Total Non-Core SCE Earnings Basic Note We earnings ongoing Deutsche use –Quarter Earnings Regarding 2007 Core Earnings company Tax Mission core Ended the performance. as from California Bank Items Earnings item the Way earnings, 2006-2007 discon
Slide 24: 2004-2007E Year Ending December 31 Core Earnings
Leading 2004-2007E Year 2004 Core Southern Edison Parent Total Non-Core SCE EMG –Ending Earnings 2005 Core –company Regulatory Other Mission Impairments(0.05)(0.10) Net Collins the California Items Earnings 2006 gain Way Core December —(Loss) lease Group(0.09) 0.04 and 2007E on inEarnings and Electr
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