Edison International: 3 Key Takeaways for Long-Term Investors

Edison International reaffirmed its 2026 core EPS guidance of $5.90-$6.20 on its Q3 earnings call. The company faces challenges from delayed California wildfire liability reform, which threatens to increase financing costs and force SCE to curb clean energy investments during its 2029 rate case. However, SCE has hardened 90% of its distribution network in high fire areas and plans $38-41 billion in capital spending through 2030 without issuing common stock, targeting 5-7% annual earnings growth.