Description

Edison International’s 90% Wildfire Grid Hardening — Can California Risk Finally Recede? – Major Drivers, Financial Forecasts, DCF & Comparable Valuation, ESG & Other Risks (9/26)

Edison International reported a second quarter 2026 core earnings per share (EPS) of $1.54, a notable increase from $0.97 in the prior year, contributing to a year-to-date core EPS of $2.97. The company reaffirmed its full-year 2026 core EPS guidance within the range of $5.90 to $6.20 and maintained a long-term core EPS growth target of 5% to 7%. This performance has been attributed to regulatory decisions from the previous year, including a General Rate Case (GRC) approval securing capital plans through 2028, and ongoing cost management efforts. Edison International’s utility subsidiary, Southern California Edison (SCE), continues to prioritize wildfire mitigation, infrastructure replacement, and the growth in electrification demand. The wildfire mitigation strategy leverages advanced modeling and climate-informed analysis to prioritize system hardening investments.