Edison International · NYSE:EIX

Edison International — Investor Presentation (February 2026)

55 slides from Edison International's investor presentation, Feb 19, 2026

  1. Slide 1: February 18, 2026 Business Update

    FEBRUARY 18, 2026 BUSINESS UPDATE Exhibit 99.1

  2. Slide 2: Forward-Looking Statements

    1Edison International | February 2026 Business Update 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,

  3. Slide 3: Electrifying the Future: Customers and Clean Energy

    2Edison International | February 2026 Business Update Wildfire Mitigation Financial Information AppendixIntroduction Electrifying the Future: Customers and Clean Energy Edison International leads the transformation of the electric power industry One of the nation’s largest electric-only utilities, w

  4. Slide 4: Investment thesis: wires-focused utility enabling clean energy transition

    3Edison International | February 2026 Business Update Wildfire Mitigation Financial Information AppendixIntroduction Electrifying the Future: Customers and Clean Energy Thesis: Wires-focused utility investing in reliability, resiliency, and climate adaptation to enable clean energy transition Constr

  5. Slide 5: California's regulatory mechanisms provide revenue certainty

    4Edison International | February 2026 Business Update Wildfire Mitigation Financial Information AppendixIntroduction Electrifying the Future: Customers and Clean Energy California’s regulatory mechanisms provide revenue certainty Revenue Decoupling means earnings aren’t affected by changes in electr

  6. Slide 6: SCE Wildfire Mitigation: Approach, Progress, and Results

    SCE WILDFIRE MITIGATION: APPROACH, PROGRESS, AND RESULTS

  7. Slide 7: Wildfire mitigation useful links and resources

    6Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SB 254 (2025) & Natural Catastrophe Resiliency Study AB 1054 (2019) & SB 599 (2022) SCE Safety Certification Wildfire Insurance Fun

  8. Slide 8: SCE's 2026–2028 Wildfire Mitigation Plan layered defense strategy

    7Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE’s 2026–2028 Wildfire Mitigation Plan is a layered defense strategy to safeguard our communities Distribution hardening Addition

  9. Slide 9: SCE is seeing proof points and results from wildfire mitigation

    8Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE is seeing proof points and results from its substantial wildfire mitigation efforts 1. Since 2018 and as of December 31, 2025 2

  10. Slide 10: California's comprehensive wildfire risk reduction profile

    9Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy California has a comprehensive wildfire risk reduction profile, benefiting customers and investors Suppression CAL FIRE Budget: Dou

  11. Slide 11: SB 254 is a key action supporting IOU financial stability

    10Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SB 254 is a key action that demonstrates support for IOU financial stability and its importance for customer affordability… 1. Ref

  12. Slide 12: SB 254 requires evaluation of broad long-term reforms

    11Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy …and requires evaluation of broad long-term reforms, recognizing new models necessary to equitably socialize risk Recognizes clima

  13. Slide 13: AB 1054 provides a strong regulatory construct for wildfire liability

    12Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy AB 10541 provides a strong regulatory construct for determining wildfire liability and cost recovery Established safety certificat

  14. Slide 14: Wildfire Fund provides liquidity for claims payments

    13Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Wildfire Fund provides liquidity for claims payments and ceiling on liability to reimburse fund AB 1054 Wildfire Fund (Initial Acc

  15. Slide 15: Example of Wildfire Fund operations and reimbursement

    14Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE does not reimburse Fund for eligible claims above annual aggregate insurance of $1 billionIf authorized 100% recovery1 SCE’s I

  16. Slide 16: California has continued to increase wildfire suppression and prevention investment

    15Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy $2.0 $2.5 $2.9 $2.5 $2.6 $3.7 $4.1 $4.2 $4.2 $5.0 '17-18 '18-19 '19-20 '20-21 '21-22 '22-23 '23-24 '24-25 '25-26 '26-27* Californi

  17. Slide 17: Covered conductor is a valuable tool to reduce wildfire risk

    16Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy ~4.0 ~0.9 Under- ground Covered Conductor Covered conductor is a very valuable tool to expeditiously and cost-effectively reduce w

  18. Slide 18: SCE has completed 93% of planned distribution line hardening in HFRA

    17Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE has completed 93% of planned distribution line hardening in high fire risk area (HFRA) Completed Hardening (14,580+ miles) Und

  19. Slide 19: Eaton Fire: sources for funding claims resolution

    18Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 1 2 3 Eaton Fire: Currently unable to estimate potential losses; SCE has clear sources for funding claims resolution1 1. Refers to

  20. Slide 20: Electrifying the Future: Customers and Clean Energy

    ELECTRIFYING THE FUTURE: CUSTOMERS AND CLEAN ENERGY

  21. Slide 21: Reaching California's 2045 GHG goals requires near-complete transformation of energy use

    20Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Reaching California’s 2045 GHG goals requires a near-complete transformation of energy use economy wide 100% of grid sales with ca

  22. Slide 22: EIX is taking steps to reach net zero

    21Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Neutralize remaining emissions: Mostly from natural gas generation supporting reliability and affordability EIX is directly contri

  23. Slide 23: SCE's load growth driven by economywide trends

    22Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE’s load growth driven by economywide trends with broad customer and climate benefits SCE’s diverse and durable drivers of deman

  24. Slide 24: Future load growth is highly levered to EV adoption

    23Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE’s future load growth is highly levered to EV adoption, helping affordability by providing downward pressure on rates 1. Includ

  25. Slide 25: Edison has one of the strongest electrification profiles in the industry

    24Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Edison International has one of the strongest electrification profiles in the industry 1. Source: EPRI analysis of Experian data S

  26. Slide 26: SCE leads the largest utility transportation electrification programs

    25Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy $872 $806 $457 $414 $394 $313 $309 EIX Utility A Utility B Utility C Utility D Utility E Utility F SCE leads the largest utility t

  27. Slide 27: Load nearly doubling by 2045 requires grid expansion acceleration

    26Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Load nearly doubling by 2045 requires a significant acceleration in grid expansion Source: SCE’s Countdown to 2045 analysis. See C

  28. Slide 28: Electrification delivers household savings

    27Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 2023 2045 By 2045, electricity demand is projected to nearly double from 2025, primarily due to electrification Households will be

  29. Slide 29: Energy share of wallet in SCE's service area compares favorably

    28Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 0% 2% 4% 6% 8% 10% 12% 14% Mississippi Nebraska Alabama West Virginia Wyoming Tennessee Arkansas North Carolina Kentucky Oklahoma

  30. Slide 30: SCE has lowest system average rate among California IOUs

    29Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 39.3 33.4 28.3 SDG&E PG&E SCE SCE has lowest system average rate among California IOUs and remains laser focused on affordability

  31. Slide 31: SCE rate trend and external drivers of 2019–2024 increases

    30Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 10 15 20 25 30 35 2000 '05 '10 '15 '20 '25 2030 2019–2024 rate increases largely driven by external events % of Total Increase 201

  32. Slide 32: Composition of bundled system revenue requirement

    31Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Composition of Bundled System Revenue Requirement1 6% Transmission Investment in operations and maintenance for high-voltage trans

  33. Slide 33: SCE vs. LADWP average residential bill

    32Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE delivers on California’s energy goals while managing affordability—despite higher policy-driven cost burdens +38% vs. SCE +37%

  34. Slide 34: Financial Information

    FINANCIAL INFORMATION EDISON INTERNATIONAL

  35. Slide 35: 2026–2030 Capital Expenditures Plan

    34Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 2026–2030 Capital Expenditures Plan1 Five-year capex plan of ~$38–$41 billion to strengthen reliability, resilience, and readiness

  36. Slide 36: Capital plan allocation by category

    35Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 22% 22% 14% 12% 11% 10% 6% 3% Load Growth & Electrification Infrastructure Replacement Inspections & Maintenance Wildfire Manageme

  37. Slide 37: Projected ~7% rate base growth

    36Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 40.1 43.2 46.4 49.8 53.8 58.4 7.5 7.6 8.0 8.3 8.8 9.5 $47.6 $50.8 $54.4 $58.1 $62.6 $67.9 2025 2026 2027 2028 2029 2030 Projected

  38. Slide 38: Resolution of legacy wildfires: TKM and Woolsey settlements

    37Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy  Resolution of legacy wildfires: TKM and Wooley settlements approved; Woolsey securitization pending approval TKM (A.23-08-013) W

  39. Slide 39: 2026 and 2027 Core EPS guidance ranges

    38Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Note: See Earnings Per Share Non-GAAP Reconciliations and Use of Non-GAAP Financial Measures in Appendix. All tax-effected informa

  40. Slide 40: Drivers of 2026 Core EPS versus 2025 midpoint

    39Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 5.84 0.28 0.18 (0.11) (0.07) (0.07) 6.05 Original 2025 Midpoint Rate Base Growth, Net of Lower CPUC ROE Woolsey Interest Benefit 2

  41. Slide 41: 2028 Core EPS guidance range reaffirmed

    40Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 1. Compound annual growth rate (CAGR) based the midpoint of the original 2025 Core EPS guidance range of $5.50–5.90 plus run-rate

  42. Slide 42: Memo account recovery and securitizations

    41Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy ~$8.0 billion memo account recovery 2021–20251 ~$3.2 billion securitizations of AB 1054 capex and TKM cost recovery completed ~$3.

  43. Slide 43: Approvals of capital spending recorded in memo accounts

    42Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy $78 million for Wildfire Mitigation & Restoration1 (2024 WMCE) $99 million for Wildfire Mitigation (2022 WM/VM) $702 million for W

  44. Slide 44: CPUC final decision on 2026 cost of capital

    43Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy CPUC issues final decision on 2026 cost of capital application On December 18, 2025, the CPUC issued final decision on 2026 cost o

  45. Slide 45: SCE enters 2026 with greater regulatory clarity

    44Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE enters 2026 with substantially greater clarity into outlook following significant regulatory year in 2025 Application 2025 202

  46. Slide 46: Committed to investment grade credit ratings

    45Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy EIX and SCE are committed to investment grade credit ratings 1. Excludes amortization of securitized bonds related to SCE’s AB 105

  47. Slide 47: Track record of delivering on Core EPS guidance

    46Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy EIX has a solid track record of delivering on Core EPS guidance over the last two decades 2025 2024 2023 2022 2021 Exceeded In-lin

  48. Slide 48: 22 consecutive years of dividend growth

    47Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy EIX has 22 consecutive years of dividend growth $0.80 $3.51 2004 2026 7% CAGR Dividends per Share1 1. 2026 dividend annualized bas

  49. Slide 49: 5–7% Core EPS growth with no equity needs in financing plan

    48Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy EIX extends 5–7% Core EPS growth for 2025 to 2030, with no equity needs in financing plan 1. For 2025, represents the midpoint of

  50. Slide 50: Rate base and EPS growth aligned with safety, reliability, affordability

    49Edison International | February 2026 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Rate base and EPS growth aligned with grid safety, reliability, and customer affordability 1. Compound annual growth rate (CAGR) b

  51. Slide 51: Appendix

    APPENDIX EDISON INTERNATIONAL’

  52. Slide 52: 2026–2028 Modeling Considerations

    51Edison International | February 2026 Business Update AppendixIntroduction Financial InformationWildfire Mitigation Electrifying the Future: Customers and Clean Energy 2026–2028 Modeling Considerations Variable 2026 2027 2028 SCE Rate Base ($ billions) $50.8 $54.3–54.4 $57.7–58.1 Rate Base Mix (CPU

  53. Slide 53: Edison Energy / Trio overview

    52Edison International | February 2026 Business Update AppendixIntroduction Financial InformationWildfire Mitigation Electrifying the Future: Customers and Clean Energy Partners with large commercial, industrial, and institutional organizations to navigate the energy transition by providing integrat

  54. Slide 54: Earnings Per Share Non-GAAP Reconciliations

    53Edison International | February 2026 Business Update AppendixIntroduction Financial InformationWildfire Mitigation Electrifying the Future: Customers and Clean Energy Low High Basic EIX EPS $5.90 $6.20 Total Non-Core Items1 – – Core EIX EPS $5.90 $6.20 1. Non-core items are presented as they are r

  55. Slide 55: Use of Non-GAAP Financial Measures and IR Contact

    54Edison International | February 2026 Business Update AppendixIntroduction Financial InformationWildfire Mitigation Electrifying the Future: Customers and Clean Energy Use of Non-GAAP Financial Measures EIX Investor Relations Contact Sam Ramraj, Vice President Derek Matsushima, Principal Manager (6

Edison International — Investor Presentation (February 2026) on 6ix