Edison International · NYSE:EIX
Edison International — Corporate Update (August 2025)
55 slides from Edison International's corporate update, Aug 1, 2025
Slide 1: July 31, 2025 Business Update
JULY 31, 2025 BUSINESS UPDATE Exhibit 99.1
Slide 2: Forward-looking statements
1Edison International | July 2025 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, are
Slide 3: Electrifying the Future: Customers and Clean Energy
2Edison International | July 2025 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, with
Slide 4: Investment thesis: wires-focused utility
3Edison International | July 2025 Business Update Wildfire Mitigation Financial Information AppendixIntroduction Electrifying the Future: Customers and Clean Energy Thesis: Wires-focused utility with continuing investments in reliability and resiliency while enabling clean energy transition Construc
Slide 5: California's regulatory mechanisms provide revenue certainty
4Edison International | July 2025 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 electricit
Slide 6: SCE Wildfire Mitigation: Approach, Progress, and Results
SCE WILDFIRE MITIGATION: APPROACH, PROGRESS, AND RESULTS
Slide 7: Wildfire mitigation resources and useful links
6Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy AB 1054 (2019) SB 599 (2022) SCE Safety Certification Wildfire Insurance Fund AB 1054-Related Edison for the Record Map of SCE’s Servic
Slide 8: SCE's 2026–2028 Wildfire Mitigation Plan
7Edison International | July 2025 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 Additional 7
Slide 9: SCE is seeing proof points and results from wildfire mitigation
8Edison International | July 2025 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 June 30, 2025 6,600+ MI
Slide 10: California's comprehensive wildfire risk reduction profile
9Edison International | July 2025 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: Doubled
Slide 11: AB 1054 regulatory construct for wildfire liability and cost recovery
10Edison International | July 2025 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 certification
Slide 12: Wildfire Insurance Fund provides liquidity and liability ceiling
11Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Wildfire Insurance Fund provides liquidity for claims payments and ceiling on liability to reimburse fund AB 1054 Wildfire Insurance F
Slide 13: Fund does not reimburse eligible claims above $1 billion insurance
12Edison International | July 2025 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 Insur
Slide 14: California increases investment in wildfire suppression and prevention
13Edison International | July 2025 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 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 California has co
Slide 15: Covered conductor reduces wildfire risk cost-effectively
14Edison International | July 2025 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 wildf
Slide 16: SCE has completed 90% of planned distribution hardening
15Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE has completed 90% of planned distribution line hardening in high fire risk area (HFRA) Completed Hardening (~14,000 miles) Undergr
Slide 17: Electrifying the Future: Customers and Clean Energy
ELECTRIFYING THE FUTURE: CUSTOMERS AND CLEAN ENERGY
Slide 18: Reaching California's 2045 GHG goals requires economy-wide transformation
17Edison International | July 2025 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 carbon
Slide 19: EIX steps to reach net zero
18Edison International | July 2025 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 contributi
Slide 20: Load growth of 80% by 2045 requires grid expansion
19Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Load growth of 80% by 2045 requires a significant acceleration in grid expansion Source: SCE’s Countdown to 2045 analysis. See Countdo
Slide 21: Electrification savings for SCE households
20Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 2023 2045 By 2045, electricity demand is projected to rise by over 80% from 2022, primarily due to electrification Households will ben
Slide 22: Share of wallet in SCE's service area compared to other states
21Edison International | July 2025 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 Sout
Slide 23: SCE has lowest system average rate among California IOUs
22Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 35.6 35.4 25.8 PG&E SDG&E SCE SCE has lowest system average rate among California IOUs and remains focused on affordability for custom
Slide 24: 2019–2024 rate increases driven by external events
23Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 2019–2024 rate increases largely driven by external events % of Total Increase 2019–2024: SCE’s rate trend outpaced inflation (~12% vs
Slide 25: Composition of bundled system revenue requirement
24Edison International | July 2025 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 transmiss
Slide 26: SCE vs. LADWP average residential bill
25Edison International | July 2025 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% vs.
Slide 27: Customer demand is accelerating; load growth forecast increased
26Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Customer demand is accelerating — 10-year load growth forecast has increased significantly over last two years 2022 Distribution Syste
Slide 28: One of the strongest electrification profiles in the industry
27Edison International | July 2025 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 State
Slide 29: SCE's transportation electrification programs lead U.S. utilities
28Edison International | July 2025 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 trans
Slide 30: Future load growth levered to EV adoption
29Edison International | July 2025 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. Includes b
Slide 31: Financial Information
FINANCIAL INFORMATION EDISON INTERNATIONAL
Slide 32: Capital deployment expected to increase in 2025–2028
31Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 5.2 5.4 6.7 7.2 7.2 7.0 0.2 0.3 0.8 0.9 1.0 0.7 $5.4 $5.7 $7.5 $8.1 $8.2 $7.7 2023 2024 2025 2026 2027 2028 Capital deployment expecte
Slide 33: Over 85% of capital investments are in distribution grid
32Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Over 85% of SCE’s capital investments are in its distribution grid and essential to reliability, resiliency, and readiness objectives
Slide 34: Rate base growth of ~6–8% for 2023–2028
33Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 33.6 35.4 41.8 45.3 48.7 51.8 7.6 7.4 7.6 7.7 8.1 8.8 $41.2 $42.8 $49.4 $53.0 $56.8 $60.6 2023 2024 2025 2026 2027 2028 Projected ~6–8
Slide 35: 2025 GRC proposed decision issued July 28
34Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy 2025 GRC proposed decision issued on July 28 Proposed Decision Highlights Proposed Decision (PD) By the Numbers Key Dates Event Date
Slide 36: 2026 cost of capital application requests ROE of 11.75%
35Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Ongoing wildfire risk (Request does not include an ROE “adder" above the reasonable range) SCE’s role in advancing California’s clean
Slide 37: Legacy wildfire resolution: TKM settlement and Woolsey proceeding
36Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Resolution of legacy wildfires entering final stages: TKM settlement approved, and Woolsey proceeding in progress TKM (A.23-08-013) Wo
Slide 38: Cost recovery benefits financial strength and reduces customer costs
37Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Cost recovery for 2017/2018 events benefits financial strength of the utility and reduces costs for customers Modeling sensitivities:
Slide 39: Reaffirmed 2025 Core EPS guidance
38Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Reaffirmed 2025 Core EPS guidance of $5.94–6.34 Component Modeling Considerations Rate Base EPS (based on capex levels) 6.60–6.80 • CP
Slide 40: Memo account recovery and securitization
39Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy ~$5.7 billion memo account recovery 2021– Q2 20251 ~$1.6 billion securitizations of AB 1054 capex completed ~$2.6 billion remaining re
Slide 41: Approvals and pending applications for capital spending in memo accounts
40Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy $99 million for Wildfire Mitigation (2022 WM/VM) $702 million for Wildfire Mitigation & Restoration (WMCE) $465 million for Wildfire M
Slide 42: Committed to investment grade credit ratings
41Edison International | July 2025 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 1054 Ex
Slide 43: No variable-rate long-term debt exposure
42Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy EIX & SCE do not have variable-rate long-term debt exposure Approximately $12 billion of the total ~$36 billion long-term debt portfol
Slide 44: Track record of delivering on Core EPS guidance
43Edison International | July 2025 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 2024 2023 2022 2021 2020 In-line In-line In-
Slide 45: 21 consecutive years of dividend growth
44Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy EIX has 21 consecutive years of dividend growth1 $0.80 $3.31 2004 2025 7% CAGR Dividends per Share 1. 2025 dividend annualized based o
Slide 46: 5–7% Core EPS growth for 2025–2028
45Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy EIX expects 5–7% Core EPS growth for 2025–2028, with financing plan showing minimal equity needs 1. For 2025, represents the midpoint
Slide 47: Rate base and EPS growth aligned with grid safety and reliability
46Edison International | July 2025 Business Update Financial Information AppendixIntroduction Wildfire Mitigation Electrifying the Future: Customers and Clean Energy Rate base and EPS growth aligned with grid safety and reliability 1. Compound annual growth rate (CAGR) based the midpoint of the orig
Slide 48: Appendix
APPENDIX EDISON INTERNATIONAL’
Slide 49: Edison Energy and Trio clean energy advisory
48Edison International | July 2025 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 integrated e
Slide 50: SCE wildfire claims payment-related debt issuances
49Edison International | July 2025 Business Update AppendixIntroduction Financial InformationWildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE continues to fund wildfire claims payments with debt Series Principal Due Rate 2020C 350 2/1/26 1.200% 2024C 600 3/1/26 5.350% 2023
Slide 51: Key 2028 earnings sensitivities
50Edison International | July 2025 Business Update AppendixIntroduction Financial InformationWildfire Mitigation Electrifying the Future: Customers and Clean Energy Key 2028 Earnings Sensitivities Variable Sensitivity 2028 EPS1(“Per year” amounts refer to 2025–2028) Capex & Rate Base Rate Base $100
Slide 52: SCE key regulatory proceedings
51Edison International | July 2025 Business Update AppendixIntroduction Financial InformationWildfire Mitigation Electrifying the Future: Customers and Clean Energy SCE Key Regulatory Proceedings Proceeding Description Next Steps Base Rates 2025 GRC (A.23-05-010) Sets CPUC base revenue requirement f
Slide 53: Woolsey cost recovery schedule
52Edison International | July 2025 Business Update AppendixIntroduction Financial InformationWildfire Mitigation Electrifying the Future: Customers and Clean Energy Woolsey Cost Recovery Schedule Event Date Application Filed October 8, 2024 Protests and responses November 12, 2024 SCE’s reply
Slide 54: Non-GAAP reconciliations: basic to Core EPS guidance
53Edison International | July 2025 Business Update AppendixIntroduction Financial InformationWildfire Mitigation Electrifying the Future: Customers and Clean Energy Low High Basic EIX EPS $8.22 $8.62 Total Non-Core Items1 (2.28) (2.28) Core EIX EPS $5.94 $6.34 1. Non-core items are presented as they
Slide 55: Use of non-GAAP financial measures and IR contact
54Edison International | July 2025 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 (626)
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