Edison International · NYSE:EIX
Edison International — Merrill Lynch Power & Gas Leaders Conference 2007
17 slides from Edison International's conference presentation, Sep 25, 2007
Slide 1: Merrill Lynch Power & Gas Leaders Conference
Exhibit 99.1 Merrill John EDISON Bryson, Lynch INTERNATIONAL® Chairman, Power & Gas Chief Leaders Executive Conference Officer September and President 26, 2007
Slide 2: Forward-Looking Statements
Forward-Looking Statements not differ International’s represent Merrill 1 purely EDISON materially Lynch our historical, contained expectations Power 2006 from Statements Form are & in INTERNATIONAL®current Gas this forward-looking 10-K only Leaders presentation expectations. as and ofsubsequent Con
Slide 3: Use of Non-GAAP Financial Measures
Use Edison and accurately is earn therefore information, Merrill presentation. 2 based Exchange EPS of dividend EDISON Non-GAAP International’s Lynch on by reflected compare the principal including equivalents Power Commission. principal in Financial the INTERNATIONAL® the & operating earnings the c
Slide 4: Our Business
Our Business Market Southern Population Edison Revenue Group Operating Generation Wind Note: Dollar 1 3 Pipeline Financial Merrill EDISON amounts International Mission Capitalization Edison $12.6 $10.3 $2.3 California Cash Served Capacity Lynch Portfolio (MW) International data in Flow1 Flow Power b
Slide 5: Our Value Proposition
Our Value Strong Low-cost Visible Valuable Increasing Attractive Earnings Merrill 4 EDISON utility earnings Lynch business growth coal-based and Proposition capacity platform Power sustainable and and positions values cash competitive financial &with INTERNATIONAL® Gas flow growth for earning Leader
Slide 6: Growth Strategies
Growthprincipally Southern Driven Transmission Distribution Generation Energy Edison Optimize Investments Renewables Gas-fired Advanced Merrill 5 EDISON Mission Lynch efficiency Strategies California business generation fossil –led emphasize: diversify -meeting -system Power system Group by fuel –by
Slide 7: Financial Objectives and Funding Strategies
Financial Funding Investments Operating Cash Focus Credit Southern A Edison BB Targeting Dividend Parent SCE 1 6 rating rating and on Merrill EDISON on Objectives1 financing Mission Senior metrics hand, Growth Edison California organic Strategies Policy increases annual metrics cashPower Lynch opera
Slide 8: Earnings Reconciliation
Earnings Reconciliation 2007 Core EIX Non-Core Southern Edison Total 1 2 Merrill 7 SeeHolding 2007 EDISONEPS1 Guidance Core $Non-Core use non-core Mission 2.70 Lynch Guidance California of Items2 EPS -non-GAAP Company $Power of Effective 3.10 $Group Items items Core 3.05 Edison $&(0.35) INTERNATIONA
Slide 9: Investment Drivers in an Evolving System
Investment System Evolving California Regional Implications Transmission Transmission, Edison investment Tehachapi Conversion SCE 1 Merrill 8 LA,is - Riverside, EDISON Infrastructure leading SmartConnectTM Lynch growth reliability air and renewable and Driver of quality for and transforming Power di
Slide 10: SCE Regulatory Framework
SCE What’s Up-front Trigger Advance State Benefits Upon Better Provides Regulatory California’s Merrill E 9 DISON -support proof Constructive matching Lynch Changed mechanism to approval recovery post INTERNATIONAL® Ratepayers decisions of regulatory for test-year Power least-cost of Since reliable
Slide 11: SCE Forecast Rate Base Growth
SCE Forecast 12+% $ $21 $10.9 2006 $20.4 2009 Approved Rate 1 and Corporation Merrill EDISON 10Billions Includes regulatory $18 base -2010 2007 $11.7 $17.6 Compound Rate Lynch $15 SCE INTERNATIONAL® growth Future impact 2008 2011 Base $14.5 Commission $12 Rate Power approvals. Growth $9 Regulatory p
Slide 12: SCE Proposed Capital Spending Forecast
SCE Proposed $5 $4.2$4.0 2007 Forecast Edison Generation Transmission Distribution Current $ CPUC FERC Total1 Five-year 1 expected denial Merrill EDISON 11Billions % Subject $4–2008 $3 may Rate 17.3 Growth Rate Project SmartConnectTM Lynch Forecast by $2 $3.9 to INTERNATIONAL® Five-Year to spending
Slide 13: EMG Growth Platforms
EMG Washington California Nebraska Wyoming Utah Oklahoma Nevada Texas Iowa Minnesota (Pipeline) Wisconsin Illinois Pennsylvania Maine New Maryland West Operating Coal Natural Other 9,500 Wind Under MW Pipeline2 Turbines 1 Data 2 12 Natural % York as Mexico 5,613 1,884 40 7,537 Virginia Merrill EDISO
Slide 14: EMG Wind Development Process
Local Process EMG Initial Land PPA Permitting Turbine Confirm Construction 161 Financing Operation Merrill EDISON 13 MW origination rights -or meteorological Wind Lynch Steps procurement Independent meteorological Wind INTERNATIONAL® and Development Power Farm and start-up negotiations Wildorado, &D
Slide 15: EMG Natural Gas and Thermal Opportunities
EMGbe Natural Thermal Walnut Potential Will Some Assets IGCC Carson Joint Confirming Other Merrill EDISON 14 Venture -opportunities regions with complement Thermal Lynch Hydrogen Creek selective Gas-Fired development acquisitions INTERNATIONAL® Carbon project with showing and Power Growth and Projec
Slide 16: Our Shareholder Value Proposition
Our Shareholder Attractive Southern Demonstrated Among Favorable Strong Commitment Incentive Edison Merrill EDISON 15 growth Mission people Lynch the California INTERNATIONAL® compensation business market best toPower need committed pipeline Group long-term domestic Value conditions portfolio for Ed
Slide 17: Merrill Lynch Power & Gas Leaders Conference
Merrill Lynch EDISON 16 INTERNATIONAL® Power & Gas Leaders Conference
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