Edison International said SCE's 2024 CPUC-related revenues increased $617 million, citing higher revenues authorized in Track 4 and an increase in the authorized rate of return resulting from the cost of capital adjustment mechanism.

1. 01

   Edison International said SCE's 2024 CPUC-related revenues increased $617 million, citing higher revenues authorized in Track 4 and an increase in the authorized rate of return resulting from the cost of capital adjustment mechanism.

2. 02

   The company said SCE's 2024 operation and maintenance expense increased $993 million, with a net increase in expenses passed through to customers of $809 million. It also recorded severance costs of $53 million in 2024.

3. 03

   Edison International said that as of December 31, 2024, SCE had cash on hand of $78 million and approximately $2.1 billion available to borrow on its $3.4 billion revolving credit facility. On the same date, SCE's debt to total capitalization ratio was 0.58 to 1, within the limit of 0.65 to 1.

4. 04

   The company said it expects capital expenditures of $1.0 billion for SCE's 3 Ameresco energy storage projects totaling 537.5 MW, with approximately $800 million incurred as of December 31, 2024. Projects of 200 MW and 112.5 MW were placed in service in Q3 2024.

Key figures

Fiscal year ended December 31, 2024

Revenue

$17.6B

Operating income

$2.9B

EPS

$3.31

Operating cash flow

$5.0B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.