Edison International (EIX) Investor update summary

Strategic focus and regulatory environment

• Emphasizes grid modernization, clean energy transition, and electrification to meet California's climate goals, with a $28-29 billion capital plan for 2025-2028.

• Regulatory mechanisms such as revenue decoupling and balancing accounts provide revenue certainty and support affordability.

• California's legislative framework, including AB 1054 and SB 254, enhances wildfire liability management and utility financial stability.

Wildfire mitigation and risk management

• Layered wildfire mitigation strategy includes grid hardening, covered conductors, targeted undergrounding, and advanced situational awareness.

• Over 6,800 miles of covered conductor installed, with no ignitions due to their failure and 91% of planned hardening in high fire risk areas completed.

• Wildfire funds and insurance mechanisms cap liability and provide liquidity for claims, with recent settlements improving credit metrics.

Clean energy and electrification initiatives

• Aggressive electrification targets: 90% of vehicles and 95% of buildings electrified by 2045, with significant investments in EV infrastructure and building decarbonization.

• SCE leads in transportation electrification, administering over $1 billion in EV incentives and supporting 22,000 chargers by 2027.

• Energy storage capacity is expanding, with 8.8 GW installed or procured and projections for 30+ GW statewide by 2045.