Edison International (EIX): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de la transformación energética, Edison International (EIX) surge como un jugador fundamental, navegando estratégicamente el complejo terreno de los servicios de servicios públicos y la innovación de energía renovable. Al crear meticulosamente un modelo de negocio que equilibra la distribución de electricidad tradicional con iniciativas de sostenibilidad de vanguardia, EIX demuestra un compromiso extraordinario para remodelar el futuro de la generación de energía. Su enfoque integral entrelaza la destreza tecnológica, la responsabilidad ambiental y las soluciones centradas en el cliente, posicionando a la empresa a la vanguardia de un ecosistema de energía en rápida evolución que promete confiabilidad, eficiencia y administración ambiental progresiva.

Edison International (EIX) - Modelo de negocios: asociaciones clave

Southern California Edison (subsidiaria de servicios primarios)

Southern California Edison opera como la subsidiaria de servicios públicos principales con los siguientes detalles de la asociación:

Métrico de asociación	2024 datos
Cobertura de territorio de servicio	15 condados en el sur de California
Base de clientes	14 millones de clientes
Distribución anual de energía	80,000 horas de gigavatios

Fabricantes de equipos de energía renovable

Edison International colabora con múltiples fabricantes de equipos de energía renovable:

• First Solar - Acuerdo de suministro de panel solar de 500 MW
• Vestas Wind Systems - Asociación de turbinas eólicas de 200 MW
• SunPower Corporation - Contrato de equipo solar de 250 MW

Desarrolladores de proyectos solares y eólicos

Las asociaciones actuales de desarrollo de proyectos incluyen:

Revelador	Capacidad de proyecto	Inversión
Energía nextera	Proyecto solar de 300 MW	$ 425 millones
Energía recurrente	Proyecto de viento de 250 MW	$ 375 millones

Proveedores de tecnología de infraestructura de cuadrícula

Asociaciones de infraestructura de tecnología clave:

• Siemens - Integración de tecnología de cuadrícula inteligente
• Grupo ABB - Soluciones de modernización de cuadrícula
• Schneider Electric - Asociaciones de transformación digital

Socios de soluciones de almacenamiento de energía

Métricas de colaboración de almacenamiento de energía:

Pareja	Capacidad de almacenamiento	Inversión
Tesla	Almacenamiento de batería de 100 MW	$ 180 millones
Solución de energía LG	Sistema de batería de 75 MW	$ 135 millones

Edison International (EIX) - Modelo de negocios: actividades clave

Generación y distribución de electricidad

El sur de California Edison (SCE) genera y distribuye electricidad en 15 condados en el sur de California, atendiendo a 15 millones de personas. Capacidad total de generación de electricidad: 17,894 MW a partir de 2023.

Fuente de generación	Capacidad (MW)	Porcentaje
Gas natural	7,456	41.7%
Nuclear	2,254	12.6%
Energía renovable	6,184	34.6%
Hidroeléctrico	1,230	6.9%

Desarrollo del proyecto de energía renovable

Inversión en proyectos de energía renovable: $ 3.4 mil millones en 2023. Expansión de capacidad de energía renovable planificada: 5,000 MW para 2030.

• Inversiones de proyectos solares: $ 1.2 mil millones
• Desarrollo de energía eólica: $ 890 millones
• Proyectos de almacenamiento de baterías: $ 670 millones

Modernización de la red y actualizaciones de infraestructura

Inversión total de infraestructura: $ 2.8 mil millones en 2023. La implementación de tecnología de la red inteligente cubre el 85% del territorio de servicio.

Componente de infraestructura	Inversión ($ m)
Actualizaciones de la línea de transmisión	1,100
Modernización de la subestación	650
Instalación de medidores inteligentes	450
Mejoras de ciberseguridad	300

Gestión del programa de eficiencia energética

Presupuesto anual del programa de eficiencia energética: $ 420 millones. Ahorro de energía del cliente: 1.2 millones de MWh en 2023.

• RECOBRACIONES DE EFICIENCIA ENERGÍA RESIDENCIALES: $ 180 millones
• Programas del sector comercial: $ 160 millones
• Iniciativas de eficiencia industrial: $ 80 millones

Iniciativas de cumplimiento regulatorio e sostenibilidad ambiental

Gasto de cumplimiento ambiental: $ 520 millones en 2023. Objetivos de reducción de carbono: 80% de reducción para 2030.

Iniciativa de sostenibilidad	Inversión ($ m)
Reducción de gases de efecto invernadero	250
Certificación de energía renovable	120
Monitoreo ambiental	90
Cumplimiento regulatorio	60

Edison International (EIX) - Modelo de negocios: recursos clave

Infraestructura de transmisión eléctrica extensa

Southern California Edison (SCE), una subsidiaria de Edison International, opera aproximadamente 15,000 millas de circuito de líneas de transmisión y 114,000 millas de circuito de líneas de distribución en 15 condados en California.

Activo de infraestructura	Cantidad
Líneas de transmisión	15,000 millas de circuito
Líneas de distribución	114,000 millas de circuito
Condados de área de servicio	15 condados

Ingeniería especializada y fuerza laboral técnica

Edison International emplea a aproximadamente 13.300 trabajadores a partir de 2023, con una porción significativa dedicada a los roles técnicos y de ingeniería.

• Total de empleados: 13,300
• Porcentaje de la fuerza laboral de ingeniería: aproximadamente el 40%
• Promedio de la tenencia del empleado: 12.5 años

Tecnologías avanzadas de gestión de energía

Inversión en plataformas tecnológicas e infraestructura digital para la modernización de la red.

Categoría de inversión tecnológica	Inversión anual (2023)
Modernización de la cuadrícula	$ 1.7 mil millones
Integración de energía renovable	$ 650 millones

Capacidades significativas de inversión de capital

Edison International demuestra recursos financieros sólidos para las inversiones de infraestructura y tecnología.

Métrica financiera	Valor 2023
Activos totales	$ 71.4 mil millones
Gastos de capital anuales	$ 5.2 mil millones
Patrimonio de los accionistas	$ 17.6 mil millones

Cartera diversa de generación de energía

Edison International mantiene una combinación integral de generación de energía en múltiples tecnologías.

Fuente de generación	Porcentaje de generación total
Gas natural	45%
Solar	22%
Viento	15%
Hidroeléctrico	8%
Nuclear	6%
Otras energías renovables	4%

Edison International (EIX) - Modelo de negocios: propuestas de valor

Entrega de energía eléctrica confiable

Southern California Edison (SCE), una subsidiaria de Edison International, atiende a aproximadamente 15 millones de personas en 15 condados. La empresa de servicios públicos ofrece 80 millones de megavatios-hora de electricidad anualmente con una tasa de confiabilidad del servicio del 99.97%.

Métrico de servicio	Datos de rendimiento
Total de clientes	5.2 millones de conexiones de servicio eléctrico
Territorio de servicio	50,000 millas cuadradas
Infraestructura de la cuadrícula	$ 33.1 mil millones de inversión en infraestructura total

Compromiso con la transición de energía limpia

Edison International se ha comprometido a lograr emisiones de carbono cero para 2050.

• Portafolio de energía renovable: 33% de la generación total
• Inversiones eólicas y solares: $ 2.7 mil millones en 2023
• Capacidad de almacenamiento de la batería: 770 MW para 2025

Soluciones de energía sostenibles y ambientalmente responsables

La compañía ha invertido $ 1.5 mil millones en modernización de la red e infraestructura de energía limpia en 2023.

Métrica de sostenibilidad	Estado actual
Objetivo de reducción de carbono	Reducción del 80% para 2030
Estaciones de carga de vehículos eléctricos	1.200 estaciones instaladas

Confiabilidad y resiliencia de la red avanzada

Edison International se ha desplegado Tecnologías de cuadrícula inteligente a través de su territorio de servicio.

• Instalaciones de medidores inteligentes: 5.3 millones de unidades
• Sistemas de gestión de cuadrícula automatizados
• Tiempo de respuesta de la interrupción: promedio de 60 minutos

Servicios de energía integrales para clientes residenciales y comerciales

Las ofertas de servicios incluyen programas de eficiencia energética, respuesta a la demanda y soluciones de energía renovable.

Programa de servicio al cliente	Inversión anual
Programas de eficiencia energética	$ 450 millones
Incentivos solares residenciales	$ 120 millones
Gestión de energía comercial	$ 280 millones

Edison International (EIX) - Modelo de negocios: relaciones con los clientes

Contratos de servicio de servicios públicos a largo plazo

Edison International atiende a aproximadamente 15 millones de personas en el sur de California a través de su subsidiaria de servicios públicos Southern California Edison (SCE). La compañía mantiene más de 5 millones de cuentas de clientes en un territorio de servicio de 50,000 millas cuadradas.

Tipo de contrato	Duración	Cobertura del cliente
Acuerdos de servicio residencial	En curso/perpetuo	4.9 millones de clientes residenciales
Contratos de servicio comercial	1-5 años	180,000 cuentas comerciales
Acuerdos de servicio industrial	3-10 años	25,000 clientes industriales

Plataformas de participación de clientes digitales

SCE invirtió $ 42.3 millones en tecnologías digitales de participación del cliente en 2023.

• Aplicación móvil con 1.2 millones de usuarios mensuales activos
• Plataforma de administración de cuentas en línea con 85% de tasa de adopción del cliente
• Sistema de seguimiento de consumo de energía en tiempo real

Consultas personalizadas de eficiencia energética

Edison International dedicó $ 18.7 millones a programas de consulta de eficiencia energética en 2023.

Tipo de consulta	Participantes anuales	Costo promedio por consulta
Auditoría de energía residencial	76,500	$225
Evaluación de energía comercial	12,300	$1,450

Programas de divulgación y educación comunitaria

SCE asignó $ 7.2 millones a iniciativas de participación comunitaria en 2023.

• 37 Talleres de educación comunitaria
• 82 Programas de concientización sobre energía escolar
• Educación de energía renovable Alcance: 145,000 estudiantes

Sistemas de atención al cliente receptivos

Inversión de infraestructura de atención al cliente: $ 22.5 millones en 2023.

Canal de soporte	Volumen de contacto anual	Tiempo de respuesta promedio
Soporte telefónico	2.3 millones de llamadas	7.2 minutos
Chat en línea	890,000 interacciones	3.5 minutos
Soporte por correo electrónico	420,000 correos electrónicos	24 horas

Edison International (EIX) - Modelo de negocios: canales

Portal de servicio al cliente en línea

Edison International opera un portal integral de servicio al cliente en línea con las siguientes métricas clave:

Métrico de portal	Datos actuales
Visitantes del sitio web anual	3.2 millones
Transacciones de pago de facturas en línea	1.8 millones por año
Tasa de finalización de la solicitud de servicio al cliente	92%

Aplicación móvil

La aplicación móvil de Edison International proporciona múltiples servicios al cliente:

• Seguimiento de uso de energía en tiempo real
• Funcionalidad de pago de facturas
• Sistema de informes de interrupción

Estadística de aplicaciones móviles	Datos actuales
Descargas totales de aplicaciones	687,000
Usuarios activos mensuales	412,000
Calificación de la tienda de aplicaciones	4.3/5

Centros de servicio al cliente físico

Edison International mantiene ubicaciones de servicios físicos en el sur de California:

Métrico de centro de servicio	Datos actuales
Ubicaciones físicas totales	23
Interacciones anuales del cliente	456,000
Tiempo de espera promedio	17 minutos

Comunicaciones de facturación directa

Los canales de comunicación de facturación de Edison International incluyen:

• Extractos mensuales de facturación en papel
• Notificaciones de facturación por correo electrónico
• Extractos de facturación electrónica

Métrica de comunicación de facturación	Datos actuales
Total de facturas mensuales enviadas	5.4 millones
Tasa de adopción de facturación electrónica	68%
Porcentaje de factura de papel	32%

Eventos de participación comunitaria

Edison International lleva a cabo varios programas de divulgación comunitaria:

Métrica de compromiso de la comunidad	Datos actuales
Eventos comunitarios anuales	87
Participantes de la comunidad total	42,000
Programas de educación comunitaria	24

Edison International (EIX) - Modelo de negocios: segmentos de clientes

Consumidores de electricidad residencial

El sur de California Edison (SCE) atiende a aproximadamente 15 millones de personas en 15 condados en California, que cubre 50,000 millas cuadradas.

Categoría de clientes	Número de clientes	Consumo anual de electricidad
Clientes residenciales	5.1 millones	86.4 mil millones de kWh

Negocios comerciales e industriales

Edison International proporciona electricidad a diversos sectores comerciales e industriales.

Segmento de negocios	Conteo de clientes	Consumo de electricidad
Negocios comerciales	250,000	45.2 mil millones de kWh
Clientes industriales	35,000	22.7 mil millones de kWh

Entidades municipales y gubernamentales

• Servir 191 ciudades y municipios
• Proporcionar electricidad a 15 instalaciones gubernamentales del condado
• Apoye más de 500 edificios gubernamentales

Clientes agrícolas

Sector agrícola	Conteo de clientes	Uso anual de electricidad
Clientes agrícolas	12,500	8.3 mil millones de kWh

Desarrolladores de proyectos de energía renovable

Edison International apoya el desarrollo de energía renovable a través de múltiples programas.

Apoyo de energía renovable	Número de proyectos	Capacidad renovable
Conexiones del proyecto solar	35,000	4.2 GW
Asociaciones de energía eólica	85	1.6 GW

Edison International (EIX) - Modelo de negocio: estructura de costos

Gastos de mantenimiento de infraestructura

Para el año fiscal 2023, Edison International informó gastos de mantenimiento de infraestructura de $ 2.1 mil millones. El desglose de los costos de infraestructura incluye:

Componente de infraestructura	Costo anual
Mantenimiento de la cuadrícula	$ 789 millones
Mantenimiento de la línea de transmisión	$ 456 millones
Mantenimiento de la subestación	$ 345 millones
Reparaciones de la red de distribución	$ 510 millones

Costos de generación de energía y transmisión

Los gastos de generación de energía y transmisión para 2023 totalizaron $ 3.4 mil millones, con la siguiente asignación de costos:

• Generación de combustibles fósiles: $ 1.2 mil millones
• Generación de energía renovable: $ 890 millones
• Infraestructura de transmisión: $ 1.31 mil millones

Inversiones de cumplimiento regulatorio

Los costos de cumplimiento regulatorio para Edison International en 2023 ascendieron a $ 475 millones, que incluyen:

Área de cumplimiento	Monto de la inversión
Regulaciones ambientales	$ 210 millones
Cumplimiento de seguridad	$ 145 millones
Informes y auditorías	$ 120 millones

Gastos de investigación y desarrollo

El gasto de I + D para Edison International en 2023 fue de $ 312 millones, centrado en:

• Tecnologías de energía limpia: $ 145 millones
• Modernización de la cuadrícula: $ 98 millones
• Soluciones de almacenamiento de energía: $ 69 millones

Compensación y capacitación de empleados

Los gastos totales relacionados con los empleados para 2023 alcanzaron $ 1.8 mil millones:

Categoría de compensación	Costo
Salarios base	$ 1.2 mil millones
Beneficios	$ 380 millones
Capacitación y desarrollo	$ 220 millones

Edison International (EIX) - Modelo de negocios: flujos de ingresos

Ventas de electricidad a clientes residenciales

Southern California Edison (SCE) atendió a 15 millones de clientes en 2023. Los ingresos de electricidad residencial para 2022 fueron de $ 11.2 mil millones.

Segmento de clientes	Ingresos anuales	Tasa promedio
Clientes residenciales	$ 11.2 mil millones	$ 0.22 por kWh

Contratos de energía comercial e industrial

Las ventas de electricidad comercial e industrial generaron $ 7.5 mil millones en ingresos para 2022.

• Grandes contratos comerciales: $ 4.3 mil millones
• Acuerdos de energía industrial: $ 3.2 mil millones

Inversiones de proyectos de energía renovable

Edison International invirtió $ 1.2 mil millones en proyectos de energía renovable en 2022.

Tipo de energía renovable	Inversión	Ingresos anuales proyectados
Proyectos solares	$ 650 millones	$ 180 millones
Energía eólica	$ 350 millones	$ 95 millones
Almacenamiento de la batería	$ 200 millones	$ 45 millones

Servicios de cuadrícula y tarifas de infraestructura

Los servicios de infraestructura y transmisión de cuadrícula generaron $ 2.3 mil millones en 2022.

• Tarifas de línea de transmisión: $ 1.4 mil millones
• Servicios de mantenimiento de la cuadrícula: $ 900 millones

Ingresos del programa de eficiencia energética

Los programas de eficiencia energética y respuesta a la demanda generaron $ 350 millones en 2022.

Tipo de programa	Ganancia
Eficiencia energética residencial	$ 180 millones
Respuesta de demanda comercial	$ 170 millones

Edison International (EIX) - Canvas Business Model: Value Propositions

You're looking at the core promises Edison International makes to its customers and the market as of late 2025. These are the tangible benefits driving their regulated utility and non-regulated advisory businesses.

Reliable and resilient electric power delivery to Southern California is foundational. Southern California Edison (SCE), a subsidiary, has a capital plan focused on system reliability and wildfire mitigation. The company plans to invest about $28 billion to $29 billion in electric infrastructure from 2025 through 2028 to support load growth and ensure a resilient system.

Affordability remains a key proposition for SCE customers. As of October 1, 2025, the system average rate for SCE is 29.3 cents/kWh, which positions it as the lowest among California Investor-Owned Utilities (IOUs).

Edison International is actively pioneering a clean energy future. The company has a public commitment to deliver 100% carbon-free energy to SCE customers by the year 2045. This commitment covers the power SCE delivers to customers and Edison International's enterprise-wide operations, including the supply chain.

Public safety is directly addressed through significant investment in grid hardening and wildfire risk reduction. Specific mitigation efforts include deploying over 700+ miles of covered conductor and targeted undergrounding. Furthermore, SCE is recovering approximately $536 million through rates for costs incurred between 2022 and 2023 specifically associated with reducing catastrophic wildfire risk.

For large commercial customers, Edison International offers specialized support through its subsidiary, Trio. Trio provides energy and decarbonization advisory services, helping large organizations navigate the clean energy transition.

Here's a quick look at the scale of Trio's advisory work:

• Trio serves clients spanning the manufacturing, automotive, pharmaceutical, technology, logistics, and real estate sectors.
• Trio has advised on over 12-plus gigawatts of renewable energy procurement deals.
• Trio now serves clients in more than 30 countries.

The value propositions related to infrastructure investment and rate structure can be summarized as follows:

Value Proposition Component	Metric/Data Point	Period/Date	Source Context
Lowest System Average Rate (SCE)	29.3 cents/kWh	Effective October 1, 2025	System Average Rate (includes California Climate Credit)
Clean Energy Target	100% carbon-free energy	By 2045	For SCE customers (retail sales basis)
Infrastructure Investment (Wildfire/Reliability)	$28 billion to $29 billion	2025 to 2028 (Four-year plan)	Electric infrastructure spending focus
Wildfire Risk Reduction Cost Recovery	$536 million	Costs incurred between 2022 and 2023	Amount being recovered through rates
Trio Advisory Scale (Renewables)	12-plus gigawatts	Cumulative advised deals	Renewable energy procurement

The company's commitment to decarbonization is also supported by its enterprise-wide goal to achieve net-zero GHG emissions across Scopes 1, 2, and 3 by 2045.

Edison International (EIX) - Canvas Business Model: Customer Relationships

Edison International (EIX) maintains customer relationships under a highly regulated structure, where service standards are dictated by the California Public Utilities Commission (CPUC). The relationship is directly impacted by regulatory outcomes, such as the CPUC's Proposed Decision on Southern California Edison's (SCE) 2025 General Rate Case (GRC) issued on July 28, 2025. This decision approved total revenues of $41.78 billion for the 2025 through 2028 period, which was $4.39 billion lower than the $46.17 billion SCE had requested for that timeframe.

The mandated service relationship is quantified by the authorized revenue requirement, which directly influences customer rates. The adopted 2025 revenue requirement was set at $9.756 billion. This figure represents an increase of $1.174 billion, or 13.68%, over the 2024 authorized revenue requirement of $8.582 billion. For a typical residential customer using 500 kWh/month, this translated to an estimated bill increase of 9.1 percent in 2025.

Metric	SCE Request (2025-2028 Total)	CPUC Approved (2025-2028 Total)	2025 Revenue Requirement
Total Authorized Revenue ($ in billions)	$46.17	$41.78	N/A
2025 Revenue Requirement ($ in billions)	$10.483	$9.756	$9.756
Increase over 2024 Authorized Revenue Requirement	N/A	N/A	$1.174 billion (or 13.68%)

Edison International (EIX) engages proactively with communities following major events, exemplified by the launch of the Wildfire Recovery Compensation Program for the Eaton Fire, which began on January 7, 2025. This program is designed to operate through 2026. The company mobilized approximately 3,500 personnel by January 10, 2025, to support rebuild efforts after the January 2025 wildfires. Compensation terms include specific financial incentives for claimants:

• $200,000 Direct Claim Premium for resident homeowners who lost their homes.
• 10% added to the net damages portion of an offer to help address legal costs if the claimant is represented by counsel at the time of submission.
• Fast Pay option aims for a settlement offer within 90 days of a substantially complete submission.

Digital self-service platforms and customer service centers are points of direct interaction, though specific 2025 digital usage statistics aren't immediately available. However, innovation in grid management is directly tied to customer benefits. SCE's Advanced Waveform Anomaly Recognition (AWARE) system won the 2025 Edison Award for using AI to proactively identify electric system issues, which helps reduce the number and length of outages, leading to more affordable, available, and reliable electricity for customers. To be fair, SCE had already shown service improvements in the prior year, reducing call wait times and delayed bills in 2024, exceeding corporate customer satisfaction targets across all segments.

Direct regulatory advocacy is crucial for managing customer rate affordability, as seen in the GRC process. Edison International (EIX) and its subsidiary Southern California Edison (SCE) actively advocate for funding that balances safety investments with ratepayer impact. For instance, in the 2025 GRC, SCE advocated for $46.17 billion in revenue, but the CPUC approved $41.78 billion, reflecting a prioritization of affordability over the full requested capital investment. Furthermore, the company noted encouragement from continuing discussions with legislative leaders to enhance California's industry-leading AB 1054 regulatory framework, which is key to cost recovery certainty.

• Edison International reaffirmed its 2025 Core EPS guidance range of $5.94-$6.34.
• The company expressed continued confidence in delivering 5-7% Core EPS growth from 2025 to 2028, projecting a range of $6.74-$7.14 for the later years.

Edison International (EIX) - Canvas Business Model: Channels

You're looking at how Edison International (EIX) physically connects with and communicates to its massive customer base. For a regulated utility like Edison International, the channels are less about flashy marketing and more about iron, wires, and regulatory compliance. It's a physical delivery system first and foremost.

The backbone of the channel strategy is the physical transmission and distribution network across 50,000 square miles. This is the literal conduit for delivering electricity to its customers. As of late 2025, the primary subsidiary, Southern California Edison, is serving approximately 15 million people across Southern, Central, and Coastal California. This physical reach dictates nearly every other channel interaction.

To manage this vast infrastructure and customer base, Edison International relies heavily on digital touchpoints. The customer digital portals for billing and energy management are critical for self-service, reducing call center load, and providing transparency. While specific portal adoption rates aren't public, the company is clearly invested in digital access, as evidenced by ongoing IT system security focus. Furthermore, the utility is actively managing customer load composition; SCE anticipates Direct Access and Community Choice Aggregation (CCA) load will account for approximately 16% and 21% of its total service load by the end of 2025, respectively, which impacts how they manage and communicate grid capacity.

When things go wrong, the direct field service crews for maintenance and emergency response become the most visible channel. Following the January 2025 wildfires, for example, SCE mobilized approximately 3,500 personnel, including mutual aid crews, to support rebuild efforts. This rapid deployment channel is supported by tangible asset replacement metrics; by February 21, 2025, crews had replaced or installed more than 1,875 poles, 700 transformers, and 160 miles of distribution circuits in affected areas. For proactive risk mitigation, SCE is undergrounding infrastructure in high fire risk areas, with approximately 130 circuit miles already initiated in burn scar areas.

The regulatory filings and public hearings are arguably the most critical channel for Edison International's financial health, even if it's not customer-facing in the traditional sense. This channel dictates revenue, capital expenditure recovery, and wildfire liability management. The CPUC's decision on SCE's 2025 General Rate Case (GRC) approved 91% of SCE's proposed capital investments. This regulatory success directly impacts the financial results reported, such as the Q3 2025 core earnings of $2.34 per share on operating revenues of $5.75 billion. The company is constantly communicating its financial position through these channels, with a long-term debt level reported at $34.48 billion as of September 30, 2025. You need to watch these filings closely.

Here's a quick look at some of the key operational and financial metrics that flow through these channels:

Metric Category	Data Point	Value/Amount
Physical Network Scope	Square Miles Served (As per outline)	50,000 square miles
Customer Base	People Served (via SCE)	15 million people
Financial Performance (Q3 2025)	Operating Revenue	$5.75 billion
Financial Performance (Q3 2025)	Core Earnings Per Share (EPS)	$2.34
Financial Health (Sept 30, 2025)	Long-Term Debt	$34.48 billion
Financial Health (9M 2025)	Net Cash Flow from Operating Activities	$4.23 billion
Capital Deployment (Sept 30, 2025)	Total Capital Expenditures	$4.62 billion
Shareholder Return	Annualized Dividend	$3.31
Emergency Response Scale (Jan 2025)	Personnel Mobilized	Approximately 3,500

The flow of information and service delivery is highly structured. You can see the direct link between regulatory outcomes and the financial results that are then communicated via investor relations channels.

• Customer digital portals facilitate access to usage data for partners via methods like online authorizations or paper CISR-DRP forms.
• The company posts all CPUC and FERC filings immediately after filing to its website for SEC Regulation FD compliance.
• Edison International maintains comprehensive statistical data on the electric power industry, accessible through resources like the EEI Financial Review.
• The CEO and CFO post prepared remarks, presentations, and Form 10-Q documents to the investor relations website, www.edisoninvestor.com.

Finance: draft 13-week cash view by Friday.

Edison International (EIX) - Canvas Business Model: Customer Segments

You're looking at the core of Edison International (EIX) business, which is fundamentally split between regulated utility service and non-regulated energy advisory. The primary customer base is served by Southern California Edison (SCE), which is one of the nation's largest electric utilities.

The residential customer base is massive, reaching approximately 15 million people across Southern, Central and Coastal California. This segment is the bedrock of the regulated business, driving the bulk of the utility's revenue requirement approved by the California Public Utilities Commission (CPUC). For context, SCE's capital investment plan for the safe, reliable clean energy grid in 2024 was around $6 billion.

The utility also serves a diverse set of non-residential customers within its regulated territory. You can see the breakdown of customer accounts based on the latest available figures from the end of 2024, which gives you a solid baseline for late 2025 expectations:

Customer Segment (SCE Regulated)	Customer Accounts (in thousands, as of Dec 31, 2024)	Service Area Reach
Residential	4,618	Serving approximately 15 million people
Commercial	611	Southern, Central and Coastal California
Industrial	5	Southern, Central and Coastal California
Public authorities	69	Includes Public Street & Highway Lighting
Total Customer Accounts	5,321	Total for SCE service area

The non-regulated side of Edison International (NYSE: EIX) is served by Trio, which focuses on a very different, high-value customer group. Trio is a global energy advisory firm, not the regulated utility, so it doesn't deal with the same customer counts as SCE.

Trio's customer segments are defined by their scale and complexity, focusing on strategic energy needs rather than just electricity delivery. These clients are typically looking for deep integration of sustainability goals with their operations.

• Large commercial organizations in North America and Europe.
• Industrial organizations requiring integrated sustainability and energy solutions.
• Institutional organizations navigating the clean energy transition.

While a precise 2025 client count isn't public, Trio's impact is measurable in the projects they advise on; for instance, in 2023, they advised on over 1,300+ MW of renewable energy power purchase agreements. This shows the caliber of the organizations they work with, which are large energy consumers looking for strategic shifts.

The overall financial performance reflects the dual nature of these segments. For the nine months ending September 30, 2025, Edison International recorded cash flow from operating activities of $4.23 billion. The utility segment's performance is tied to regulatory outcomes; for example, the 2025 General Rate Case (GRC) final decision positively impacted SCE's third-quarter 2025 core earnings per share. The company narrowed its full-year 2025 core EPS guidance to a range of $5.95 to $6.20 per share.

Edison International (EIX) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Edison International's operations, which are heavily weighted toward infrastructure and managing significant external risks. Honestly, for a utility this size, the capital intensity is always front and center.

High Capital Expenditures for Grid Modernization and Safety

Edison International's commitment to hardening the grid and meeting safety mandates requires massive, ongoing investment. As of September 30, 2025, total capital expenditures reached \$4.62 billion year-to-date. This figure is up from $\text{4.21 billion}$ in the same period last year. Southern California Edison, the main operating subsidiary, has a four-year capital plan running through 2028 that is budgeted between $\text{28 billion}$ and $\text{29 billion}$.

The cost structure is dominated by these long-term asset investments, which include:

• Grid upgrades to maintain system integrity and reliability.
• Investments to meet electrification needs, like supporting electric vehicle adoption.
• Wildfire mitigation efforts, such as installing covered conductor.

Operations and Maintenance (O&M) Expenses

Operations and Maintenance (O&M) expenses cover the day-to-day running and upkeep of the vast system, including critical vegetation management programs designed to reduce wildfire risk. For the nine months ended September 30, 2025, O&M expenses totaled \$3,738 million. This was a decrease from the $\text{3,995 million}$ recorded for the first nine months of 2024. In the third quarter alone, O&M costs decreased by 15.6% year-over-year.

Interest Expense on Long-Term Debt

Carrying the necessary infrastructure requires substantial borrowing. As of September 30, 2025, Edison International's long-term debt stood at \$34.48 billion, up from the $\text{33.53 billion}$ level at the end of 2024. This debt load translates directly into significant interest costs. For the first nine months of 2025, the reported interest expense was \$1,293 million.

Here's a quick look at how some of the major operating costs stacked up for the first nine months of 2025 versus 2024:

Cost Category (in millions)	Nine Months Ended Sept 30, 2025	Nine Months Ended Sept 30, 2024
Purchased Power and Fuel	\$3,905	\$4,140
Operation and Maintenance (O&M)	\$3,738	\$3,995
Interest Expense	(\$1,293)	(\$1,401)

Purchased Power and Fuel Costs

These costs are variable, tied to natural gas prices and the need to purchase power on the wholesale market to meet customer demand. For the nine months ending September 30, 2025, these costs were \$3,905 million. This represented a decrease of 10.4% compared to the $\text{4,140 million}$ spent in the same period of 2024, driven by conditions in the third quarter.

Wildfire-Related Liability and Insurance Costs

This is a major, non-routine cost component that heavily influences near-term financial stability. For the first nine months of 2025, Edison International recorded net charges related to wildfire claims (net of recoveries) of (\$1,010 million), meaning they had a net recovery/benefit compared to the $\text{616 million}$ in net charges for the same period in 2024. Separately, the Wildfire Insurance Fund expense remained relatively stable at \$108 million for the nine months ended September 30, 2025. You should note that Q1 2025 alone included \$908 million in non-core wildfire-related costs. The company relies on self-insurance up to $\text{1 billion}$ and access to California's $\text{21 billion}$ Wildfire Fund (AB 1054).

Finance: draft 13-week cash view by Friday.

Edison International (EIX) - Canvas Business Model: Revenue Streams

Edison International's revenue streams are predominantly anchored in the regulated operations of Southern California Edison (SCE), supplemented by non-regulated competitive businesses.

The regulated revenue base is established through the General Rate Case (GRC) process with the California Public Utilities Commission (CPUC). As of late 2025, the proposed decision for the 2025 GRC approved a 2025 base revenue requirement of $9.756 billion for Southern California Edison, representing a 14% increase over the prior level. This mechanism allows Edison International to earn a return on its assets, rather than relying solely on volumetric electricity sales, which is supported by Revenue Decoupling.

The recovery of capital investments is directly tied to this rate base growth. The CPUC's decision on the 2025 GRC approved 91% of SCE's proposed capital investments. The long-term outlook for the rate base supports continued investment, with a projected 6-8% 2023-2028 rate base CAGR. Further authorized revenue increases from the proposed GRC decision include $453 million, or 4.6% in 2026; $411 million, or 4% in 2027; and $374 million, or 3.5% in 2028.

Shareholder returns are primarily driven by core earnings per share (EPS). As of the third quarter of 2025, Edison International narrowed its full-year 2025 core EPS guidance to $5.95-$6.20 per share. This is supported by management's continued confidence in delivering 5-7% core EPS growth from 2025 to 2028.

You should note the structure of the regulated revenue stream, which is designed for stability:

• Revenue Decoupling breaks the link between retail electricity sales volume and revenue recovery.
• Balancing Accounts allow for the collection and refund of differences related to sales volume variances, such as weather.
• Forecast Ratemaking reduces regulatory lag through a four-year GRC cycle with forward-looking test years.

The non-regulated portion of Edison International's revenue comes from its portfolio of competitive businesses, specifically Trio (formerly Edison Energy). Trio generates revenue by providing integrated sustainability and energy advisory services to large commercial, industrial, and institutional organizations across North America and Europe.

Here's a quick look at the key financial metrics guiding the regulated revenue framework:

Metric	Value/Range	Source/Context
2025 Authorized Base Revenue Requirement (Proposed)	$9.756 billion	CPUC 2025 GRC Proposed Decision
2025 Core EPS Guidance (Narrowed)	$5.95 to $6.20 per share	As of October 28, 2025
Authorized Return on Equity (ROE) (2025)	10.33%	Authorized ROE
Rate Base CAGR Projection (2023-2028)	6-8%	Investment in electric-led clean energy future
Capital Investment Approval (2025 GRC)	91% of proposed capital investments	CPUC Decision on 2025 GRC

The ability of SCE to recover costs, including wildfire-related expenses, through regulated rates remains a critical factor influencing revenue realization.

Finance: draft 13-week cash view by Friday.