Description
Edison International: The Load-Growth Story Is Getting Real—What EV Adoption & New Housing Mean for SCE’s Next Cycle!
Edison International’s third quarter financial results and subsequent earnings discussion offer a mixed view of the company’s current position and future potential. Core earnings per share (EPS) saw a significant year-over-year increase to $2.34 from $1.51, though this rise is primarily attributed to a true-up for the 2025 General Rate Case (GRC) final decision, which was applied retroactively. Edison International has subsequently narrowed its 2025 core EPS guidance to reflect the updated performance outlook, now set between $5.95 and $6.20. The successful passage of California’s SB 254 legislation is highlighted as a significant legislative milestone for the company. This bill supports investor-owned utilities and their customers by enhancing financial stability and offering backstops for wildfire liabilities. Specifically, SB 254 introduces a framework that could help contain costs associated with wildfire liability, a crucial consideration given Edison International’s historical exposure to wildfire-related risks.
