CPUC approves SCE 2026 cost of capital at 10.03% ROE; EIX reaffirms 2025-2028 guidance

EDISON INTERNATIONAL

SCE 2026 authorized ROE 10.03% (vs 10.33% in 2025); overall rate of return 7.59% (vs 7.66%).
Capital structure: 52% common equity, 43% long-term debt, 5% preferred equity.
EIX reaffirms 2025-2028 core EPS CAGR of 5-7%, targeting 2028 core EPS of $6.74-$7.14.
2025-2028 capital plan of $28-29B reaffirmed; no annual equity needs for that period.
2025 basic EPS guidance unchanged at $8.05-$8.30; core EPS $5.95-$6.20.

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