CPUC approves SCE's 2024 cost of capital; ROE increases to 10.75% from 10.05%

EDISON INTERNATIONAL

CPUC approved SCE's advice letter adjusting authorized cost of capital for 2024, effective December 22, 2023.
Common equity ROE authorized at 10.75% (2023: 10.05%); overall rate of return set at 7.87% (2023: 7.44%).
Capital structure unchanged: 43% long-term debt, 5% preferred equity, 52% common equity.
Edison International will provide 2024 EPS guidance on its Q4 2023 earnings call.
SCE's allowed ROE increase expected to support higher earnings from California regulated operations.

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