Business UpdateApr 29, 2026, 06:07 AM
EIX Affirms 2026-28 Core EPS Guidance; $38-41B Capex Plan
AI Summary
Edison International provided a business update, affirming its Core EPS guidance for 2026-2028 and outlining a $38-$41 billion capital expenditure plan for 2026-2030. The company highlighted its wires-focused strategy, significant progress in wildfire mitigation efforts, and plans to electrify the future, expecting load to nearly double by 2045. Regulatory mechanisms in California provide revenue certainty, supporting strong rate base and dividend growth.
Key Highlights
- Affirms 2026 Core EPS guidance of $5.90-$6.20.
- Affirms 2027 Core EPS guidance of $6.25-$6.65.
- Affirms 2028 Core EPS guidance of $6.74-$7.14.
- Plans $38-$41 billion in capital expenditures from 2026-2030.
- Projects ~7% rate base CAGR from 2025-2030.
- Completed 93% of planned distribution line hardening in high fire risk areas.
- Electrification expected to nearly double load by 2045.
- SB 254 creates an $18 billion wildfire fund, enhancing financial stability.