EDISON INTERNATIONAL Business Summary

Edison International (EIX) is a prominent public utility holding company that generates revenue primarily through Southern California Edison (SCE), a rate-regulated electric utility serving approximately 15 million residents across 50,000 square miles. The company’s business model is centered on the transmission and distribution of electricity, with earnings driven by state-authorized rates and a robust $38–$41 billion capital expenditure plan for 2026–2030 aimed at grid hardening and wildfire mitigation. Beyond its regulated core, EIX operates Trio (formerly Edison Energy), a global energy advisory firm catering to large-scale institutional and commercial clients. EIX competes in the North American utility sector against major peers like PG&E Corporation, Sempra, and NextEra Energy. Within this landscape, EIX is positioned as a pure-play electric utility leader, uniquely leveraged to California’s aggressive decarbonization and transportation electrification mandates. The leadership team is led by President and CEO Pedro J. Pizarro, a Caltech-educated chemist who has served as CEO since 2016 and is a former chair of the Edison Electric Institute. Key executives include Maria Rigatti, Executive Vice President and CFO, and Steven D. Powell, who serves as President and CEO of Southern California Edison. The board of directors, chaired by Peter J. Taylor, features high-profile members such as former U.S. Secretary of Energy Jennifer Granholm and former White House official Michael C. Camuñez, providing deep regulatory and policy expertise. Tracing its origins to 1886, the company maintains a strong institutional investor base, with major holdings by The Vanguard Group, BlackRock, and State Street Corporation. This seasoned leadership and board composition underscore the company’s strategic focus on navigating complex regulatory environments and leading the transition to a clean energy economy.