EDISON INTERNATIONAL
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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Jun 30, 2025 · Filed Jul 31, 2025
Contents
Capital Program
Total capital expenditures (including accruals) were $3.1 billion and $2.5 billion for the six months ended June 30, 2025 and 2024, respectively.
As discussed in the 2024 Form 10-K, in the absence of an approved 2025 GRC decision, SCE has developed, and is executing against, a capital expenditure plan that is expected to allow SCE to meet what is ultimately authorized in the 2025 GRC decision while minimizing the associated risk of unauthorized spending. In its 2024 Form 10-K, SCE forecasted total capital expenditures from $26.6 billion to $31.5 billion for 2025 – 2028, and weighted average annual rate base from $48.1 billion to $60.6 billion for 2025 – 2028. For further information regarding the capital expenditures, see "Liquidity and Capital Resources—SCE—Capital Investment Plan" below and "Management Overview—Capital Program" in the 2024 MD&A.
In May 2025, the CAISO approved its 2024-2025 Transmission Plan, which identified six transmission projects expected to be constructed by SCE with anticipated capital expenditures of approximately $300 million. SCE also expects to construct projects associated with previously approved CAISO Transmission Plans requiring capital investment of at least $2 billion. Most of the capital expenditures are expected to be incurred beyond 2028. For further information, see "Management Overview—Capital Program" in the 2024 MD&A.
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