EDISON INTERNATIONAL
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
EIX$59.37-2.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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GLOSSARYv
GLOSSARY
The following terms and abbreviations appearing in the text of this report have the meanings indicated below.
| 2017/2018 Wildfire/Mudslide Events | the Thomas Fire, the Koenigstein Fire, the Montecito Mudslides and the Woolsey Fire, collectively |
|---|---|
| AB 1054 | California Assembly Bill 1054, executed by the governor of California on July 12, 2019 |
| AB 1054 Excluded Capital Expenditures | $1.6 billion in wildfire risk mitigation capital expenditures that SCE has excluded from the equity portion of SCE's rate base as required under AB 1054 |
| ARO(s) | asset retirement obligation(s) |
| CAISO | California Independent System Operator |
| Cal Advocates | the California Public Advocates Office |
| CAL FIRE | the California Department of Forestry and Fire Protection |
| CAL OES | the California Governor's Office of Emergency Services |
| California Wildfire Legislation | AB 1054 and SB 254, collectively |
| Capital Structure Compliance Period | January 1, 2026 to December 31, 2028, the current compliance period for SCE's CPUC authorized capital structure |
| CCAs | community choice aggregators which are cities, counties, and certain other public agencies with the authority to generate and/or purchase electricity for their local residents and businesses |
| Continuation Account | a new account within the Wildfire Fund established under SB 254 that may be available for fires ignited on or after the SB 254 Effective Date |
| CPUC | California Public Utilities Commission |
| DART | a Days Away Restricted or Transferred incident, which is a work-related Occupational Safety and Health Administration recordable injury or illness that results in days away from work, restricted duty or transfer of duties |
| DERs | distributed energy resources |
| DGC | the decommissioning general contractor engaged by SCE to undertake a significant scope of decommissioning activities at San Onofre |
| Eaton Fire | a wind-driven fire that originated in Los Angeles County in January 2025 |
| Edison International Proxy Statement | Proxy Statement to be filed with the SEC in connection with Edison International's Annual Meeting of Shareholders expected to be held on April 23, 2026 |
| EEI Serious Injury | a work-related injury that is categorized as a "serious injury" by Edison Electric Institute |
| EEI SIF | a work-related fatality or an EEI Serious Injury |
| EIS | Edison Insurance Services, Inc., a wholly-owned subsidiary of Edison International licensed to provide insurance to Edison International and its subsidiaries |
| Electric Service Provider | an entity other than an investor-owned utility or CCA that provides electric power and ancillary services to retail customers |
| ERRA | Energy Resource Recovery Account |
| Fast curve settings | protective settings used to mitigate the risk of wildfires in high fire risk areas by increasing the speed with which a protective device reacts to most fault currents |
| FERC | Federal Energy Regulatory Commission |
| Fitch | Fitch Ratings, Inc. |
| GAAP | generally accepted accounting principles in the United States |
| GHG | greenhouse gas |
| GRC | general rate case |
| Initial Account | an account within the Wildfire Fund established under AB 1054 available for fires ignited before the SB 254 Effective Date |
| IRA | Inflation Reduction Act of 2022 |
| Koenigstein Fire | a wind-driven fire that originated near Koenigstein Road in the City of Santa Paula in Ventura County, California, on December 4, 2017 |
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| LAFD | the Los Angeles Fire Department |
|---|---|
| Liability Cap | a cap on the aggregate requirement to reimburse the Wildfire Fund over a trailing three calendar year period which applies if certain conditions are met and is equal to 20% of the equity portion of the utility's transmission and distribution rate base, excluding general plant and intangibles, for the year of the applicable wildfire's ignition |
| MD&A | Management's Discussion and Analysis of Financial Condition and Results of Operations in this report |
| Montecito Mudslides | the debris flows and flooding in Montecito, Santa Barbara County, California, that occurred in January 2018 |
| Moody's | Moody's Investors Service, Inc. |
| MW | Megawatt(s) |
| NDCTP | Nuclear Decommissioning Cost Triennial Proceeding, a CPUC proceeding to review decommissioning costs |
| NEM | net energy metering |
| NERC | North American Electric Reliability Corporation |
| NRC | United States Nuclear Regulatory Commission |
| OEIS | Office of Energy Infrastructure Safety of the California Natural Resources Agency |
| Other Wildfire Events | Collectively, all the wildfires that originated in Southern California in and after 2017 but before 2025 where SCE's equipment has been or may be alleged to be associated with the fire's ignition, except for the Thomas Fire, the Koenigstein Fire and the Woolsey Fire |
| PABA | Portfolio Allocation Balancing Account |
| Palo Verde | nuclear electric generating facility located near Phoenix, Arizona in which SCE holds a 15.8% ownership interest |
| PBOP(s) | postretirement benefits other than pension(s) |
| PG&E | Pacific Gas & Electric Company |
| PSPS | Public Safety Power Shutoff(s) |
| ROE | return on common equity |
| RPS | California's Renewables Portfolio Standard |
| S&P | Standard & Poor's Financial Services LLC |
| Safety Tier 1 Contractors | individuals assigned to contracted work activities that may be high risk and, without implementation of appropriate safety measures, may be potentially hazardous or life threatening |
| San Onofre | retired nuclear generating facility located in south San Clemente, California in which SCE holds a 78.21% ownership interest |
| SB 254 | California Senate Bill 254, executed by the governor of California on September 19, 2025 |
| SB 254 Effective Date | September 19, 2025 |
| SB 254 Excluded Capital Expenditures | $2.9 billion in wildfire risk mitigation capital expenditures, approved on or after January 1, 2026, that SCE expects it will be required to exclude from the equity portion of SCE's rate base as required under SB 254 |
| SCE | Southern California Edison Company, a wholly-owned subsidiary of Edison International |
| SDG&E | San Diego Gas & Electric Company |
| SEC | U.S. Securities and Exchange Commission |
| SED | Safety and Enforcement Division of the CPUC |
| SED Agreement | an agreement dated October 21, 2021 between SCE and the SED regarding the 2017/2018 Wildfire/Mudslide Events and three other 2017 wildfires |
| SoCalGas | Southern California Gas Company |
| Thomas Fire | a wind-driven fire that originated in the Anlauf Canyon area of Ventura County, California, on December 4, 2017 |
| TKM | collectively, the Thomas Fire, the Koenigstein Fire and the Montecito Mudslides |
| TKM Settlement Agreement | a settlement agreement entered into between SCE and the California Public Advocates Office in August 2024 in the CPUC-jurisdictional rate recovery proceeding related to TKM |
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| Trio | Edison Energy, LLC, an indirect wholly-owned non-utility subsidiary of Edison International doing business as "Trio" |
|---|---|
| Turnover Rate | the number of employees (other than interns) who leave Edison International Parent or SCE for voluntary or involuntary reasons, divided by the average number of employees during the relevant period |
| WMP | a wildfire mitigation plan required to be filed to describe a utility's plans to construct, operate, and maintain electrical lines and equipment that will help minimize the risk of catastrophic wildfires caused by such electrical lines and equipment |
| Wildfire Fund | the insurance fund established under AB 1054 and expanded under SB 254 |
| Wildfire Recovery Compensation Program | a program designed to enable eligible individuals and businesses impacted by the Eaton Fire to seek expedited resolution of their claims, launched by SCE in the fall of 2025 |
| Woolsey Fire | a wind-driven fire that originated in Ventura County in November 2018 |
| Woolsey Settlement Agreement | a settlement agreement entered into between SCE and intervenors in September 2025 in the CPUC-jurisdictional rate recovery proceeding related to the Woolsey Fire |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.