SOUTHERN CALIFORNIA EDISON Co — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
Edison International reported Q3 2026 core EPS of $1.92 (down from $2.34 YoY) and reaffirmed full-year 2026 core EPS guidance of $5.90–$6.20. SCE has hardened ~90% of distribution in high fire-risk areas. The Eaton Fire ignition was confirmed by LA County as SCE equipment-caused; the company asserts it will meet prudence standards but cannot estimate total loss range. Wildfire liability reform failed in California's 2026 legislative session; the company projects elevated financing costs ($300M incremental over 2027 bond life) and may reduce capital investment if credit ratings downgrade. The company maintains 5–7% core EPS CAGR guidance through 2030 with $38–41B capex plan and ~7% rate base growth.
Why this rating
Stalled reform and confirmed Eaton Fire causation create material uncertainty; Eaton loss range unknowable; financing cost headwind is real but manageable relative to ~$96B asset base; earnings guidance held but forward trajectory pressured by regulatory/credit risk.
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