Edison International · NYSE:EIX
Edison International — Corporate Update (August 2019)
10 slides from Edison International's corporate update, Aug 30, 2019
Slide 1: Business Update Supplemental - SCE 2021 General Rate Case Overview
Business Update Supplemental - SCE 2021 General Rate Case Overview August 30, 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements contained in this presentation about future performance, including, without limitation, operating results, capital expenditures, rate base growth, dividend policy, financial outlook, and other statements that are not purely historical, are forward-looking statem
Slide 3: SCE 2021 General Rate Case Overview
SCE 2021 General Rate Case Overview Filed August 30, 2019, SCE’s 2021 GRC request balances the need to advance California’s ambitious decarbonization policy goals and address emergent wildfire public safety risks, while continuing to provide safe, reliable, and affordable service to customers • 2021
Slide 4: SCE 2021 GRC Overview (cont.)
SCE 2021 GRC Overview (cont.) Items Carried Over from 2018 GRC New Items from 2021 GRC • Requests recovery of 2018-2020 Customer Service • Builds upon proposed activities in SCE’s Grid Safety Re-platform (CSRP) project costs currently tracked & Resiliency Program and 2019 Wildfire Mitigation in a me
Slide 5: SCE 2021 General Rate Case Timeline
SCE 2021 General Rate Case Timeline • Track 1 includes approval of the 2021-2023 GRC revenue requirement and reasonableness of additional 2018- 2019 recorded incremental amounts associated with the Fire Mitigation memorandum accounts1 Estimated 2019 2020 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 GRC 2018-2019 Interve
Slide 6: SCE Capital Expenditure Forecast
SCE Capital Expenditure Forecast ($ billions) $23.8 - $25.6 billion capital program Distribution for 2019-2023 Transmission Generation • This capital forecast includes: Wildire mitigation-related spend1 2018 GRC approved CPUC capital spend $5.3 $5.4 $5.3 for 2019-2020 $5.0 2021 GRC requested CPU
Slide 7: SCE Wildfire Capital Forecast
SCE Wildfire Capital Forecast ($ billions) All Other Wildfire-Related Mitigation $4.2 Billion Capital Request for 2019-20231 Spend 1 • Under AB 1054, the first ~$1.6 billion of SCE’s fire risk Wildfire-Related Mitigation Spend - capital expenditures per CPUC-approved Wildfire AB1054 Mitigation Plan
Slide 8: SCE Rate Base Forecast
SCE Rate Base Forecast ($ billions) $40.8 $38.2 $36.0 $33.4 $30.7 $28.5 $26.2 Range Case 2017 2018 2019 2020 20211 2022 2023 CAGR Range $30.7 $33.2 $35.3 $36.9 $39.0 6.9% Case2 1. Morongo Transmission holds an option to invest up to $400 million in the West of Devers Transmission Project, or half of
Slide 9: SCE Distribution System Investments
SCE Distribution System Investments Distribution Trends • Capital expenditures for certain programs deferred over 2019 – 2023 Capital Spending Forecast next five years to support reallocation of distribution for Distribution2 - $20.8 billion resources to wildfire mitigation1; historical program New
Slide 10: Mitigating Catastrophic Wildfire Risk
Mitigating Catastrophic Wildfire Risk SCE plans to spend significant capital and O&M from 2019-2023, including ~$1.6 billion of AB 1054 spend, with continued investments beyond our forecast period • SCE’s comprehensive risk mitigation program focuses on three key areas: Grid hardening: Increase th
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