Edison International (EIX): Business Model Canvas [Jan-2025 Mis à jour]

Dans le paysage dynamique de la transformation de l'énergie, Edison International (EIX) apparaît comme un acteur pivot, naviguant stratégiquement sur le terrain complexe des services publics et de l'innovation des énergies renouvelables. En fabriquant méticuleusement un modèle commercial qui équilibre la distribution d'électricité traditionnelle avec des initiatives de durabilité de pointe, EIX démontre un engagement extraordinaire à remodeler l'avenir de la production d'électricité. Leur approche complète entrelace les prouesses technologiques, la responsabilité environnementale et les solutions centrées sur le client, positionnant l'entreprise à l'avant-garde d'un écosystème énergétique en évolution rapide qui promet la fiabilité, l'efficacité et la gérance environnementale progressive.

Edison International (EIX) - Modèle commercial: partenariats clés

Southern California Edison (filiale principale de l'utilitaire)

Le sud de la Californie Edison fonctionne comme la principale filiale des services publics avec les détails du partenariat suivant:

Métrique de partenariat	2024 données
Couverture du territoire de service	15 comtés du sud de la Californie
Clientèle	14 millions de clients
Distribution d'énergie annuelle	80 000 gigawattheures

Fabricants d'équipements d'énergie renouvelable

Edison International collabore avec plusieurs fabricants d'équipements d'énergie renouvelable:

• Première élément solaire - Contrat d'approvisionnement en panneau solaire 500 MW
• Vestas Wind Systems - 200 MW Wind Turbine Partnership
• Sunpower Corporation - Contrat d'équipement solaire de 250 MW

Développeurs de projets solaires et éoliens

Les partenariats actuels de développement de projets comprennent:

Promoteur	Capacité du projet	Investissement
Énergie nextère	Projet solaire de 300 MW	425 millions de dollars
Énergie récurrente	Projet d'éolien de 250 MW	375 millions de dollars

Fournisseurs de technologies d'infrastructure de grille

Partenariats clés de l'infrastructure technologique:

• Siemens - Intégration de la technologie de la grille intelligente
• Groupe ABB - Solutions de modernisation de la grille
• Schneider Electric - Partenariats de transformation numérique

Partenaires de solution de stockage d'énergie

Métriques de collaboration du stockage d'énergie:

Partenaire	Capacité de stockage	Investissement
Tesla	Stockage de batterie de 100 MW	180 millions de dollars
Solution d'énergie LG	Système de batterie de 75 MW	135 millions de dollars

Edison International (EIX) - Modèle d'entreprise: activités clés

Production d'électricité et distribution

Le sud de la Californie Edison (SCE) génère et distribue de l'électricité dans 15 comtés du sud de la Californie, desservant 15 millions de personnes. Capacité totale de production d'électricité: 17 894 MW en 2023.

Source de génération	Capacité (MW)	Pourcentage
Gaz naturel	7,456	41.7%
Nucléaire	2,254	12.6%
Énergie renouvelable	6,184	34.6%
Hydro-électrique	1,230	6.9%

Développement du projet d'énergie renouvelable

Investissement dans les projets d'énergie renouvelable: 3,4 milliards de dollars en 2023. Expansion prévue de la capacité des énergies renouvelables: 5 000 MW d'ici 2030.

• Investissements du projet solaire: 1,2 milliard de dollars
• Développement de l'énergie éolienne: 890 millions de dollars
• Projets de stockage de batteries: 670 millions de dollars

Modernisation de la grille et mises à niveau des infrastructures

Investissement total des infrastructures: 2,8 milliards de dollars en 2023. La mise en œuvre de la technologie Smart Grid couvre 85% du territoire de service.

Composant d'infrastructure	Investissement ($ m)
Mises à niveau de la ligne de transmission	1,100
Modernisation de la sous-station	650
Installation de compteur intelligent	450
Améliorations de la cybersécurité	300

Gestion du programme d'efficacité énergétique

Budget annuel du programme d'efficacité énergétique: 420 millions de dollars. Économies d'énergie du client: 1,2 million de MWh en 2023.

• Rebuls d'efficacité énergétique résidentielle: 180 millions de dollars
• Programmes du secteur commercial: 160 millions de dollars
• Initiatives d'efficacité industrielle: 80 millions de dollars

Initiatives de conformité réglementaire et de durabilité environnementale

Dépenses de conformité environnementale: 520 millions de dollars en 2023. Objectifs de réduction du carbone: réduction de 80% d'ici 2030.

Initiative de durabilité	Investissement ($ m)
Réduction des gaz à effet de serre	250
Certification des énergies renouvelables	120
Surveillance environnementale	90
Conformité réglementaire	60

Edison International (EIX) - Modèle d'entreprise: Ressources clés

Infrastructure étendue de transmission électrique

Le sud de la Californie Edison (SCE), une filiale d'Edison International, exploite environ 15 000 milles de circuit de lignes de transmission et 114 000 miles de circuit de lignes de distribution dans 15 comtés en Californie.

Actif d'infrastructure	Quantité
Lignes de transmission	15 000 miles de circuit
Lignes de distribution	114 000 miles de circuit
Comtés de la zone de service	15 comtés

Ingénierie qualifiée et main-d'œuvre technique

Edison International emploie environ 13 300 travailleurs en 2023, avec une partie importante dédiée aux rôles d'ingénierie et techniques.

• Total des employés: 13 300
• Pourcentage de main-d'œuvre d'ingénierie: environ 40%
• Tenure moyenne des employés: 12,5 ans

Technologies avancées de gestion de l'énergie

Investissement dans les plateformes technologiques et les infrastructures numériques pour la modernisation du réseau.

Catégorie d'investissement technologique	Investissement annuel (2023)
Modernisation de la grille	1,7 milliard de dollars
Intégration d'énergie renouvelable	650 millions de dollars

Capacités d'investissement en capital importantes

Edison International démontre des ressources financières solides pour les investissements d'infrastructure et de technologie.

Métrique financière	Valeur 2023
Actif total	71,4 milliards de dollars
Dépenses en capital annuelles	5,2 milliards de dollars
Capitaux propres des actionnaires	17,6 milliards de dollars

Portfolio de production d'électricité diversifiée

Edison International maintient un mélange complet de production d'énergie sur plusieurs technologies.

Source de génération	Pourcentage de la génération totale
Gaz naturel	45%
Solaire	22%
Vent	15%
Hydro-électrique	8%
Nucléaire	6%
Autres énergies renouvelables	4%

Edison International (EIX) - Modèle d'entreprise: propositions de valeur

Prévient de puissance électrique fiable

Le sud de la Californie Edison (SCE), une filiale d'Edison International, dessert environ 15 millions de personnes dans 15 comtés. Le service public offre 80 millions de mégawatts d'électricité par an avec un taux de fiabilité de service de 99,97%.

Métrique de service	Données de performance
Total des clients	5,2 millions de connexions de service électrique
Territoire de service	50 000 miles carrés
Infrastructure de grille	33,1 milliards de dollars d'investissement en infrastructure totale

Engagement à propre transition énergétique

Edison International s'est engagé à atteindre Émissions zéro carbone d'ici 2050.

• Portfolio d'énergie renouvelable: 33% de la génération totale
• Investissements éoliens et solaires: 2,7 milliards de dollars en 2023
• Capacité de stockage de la batterie: 770 MW d'ici 2025

Solutions énergétiques durables et respectueuses de l'environnement

La société a investi 1,5 milliard de dollars dans la modernisation du réseau et les infrastructures d'énergie propre en 2023.

Métrique de la durabilité	État actuel
Cible de réduction du carbone	Réduction à 80% d'ici 2030
Stations de recharge de véhicules électriques	1 200 stations installées

Fiabilité et résilience avancées

Edison International a déployé technologies de grille intelligente à travers son territoire de service.

• Installations de compteur intelligent: 5,3 millions d'unités
• Systèmes automatisés de gestion de la grille
• Temps de réponse de la panne: moyenne 60 minutes

Services énergétiques complets pour les clients résidentiels et commerciaux

Les offres de services comprennent les programmes d'efficacité énergétique, la réponse à la demande et les solutions d'énergie renouvelable.

Programme de service à la clientèle	Investissement annuel
Programmes d'efficacité énergétique	450 millions de dollars
Incitations solaires résidentielles	120 millions de dollars
Gestion commerciale de l'énergie	280 millions de dollars

Edison International (EIX) - Modèle d'entreprise: relations clients

Contrats de services de services publics à long terme

Edison International dessert environ 15 millions de personnes dans le sud de la Californie par le biais de sa filiale de services publics Southern California Edison (SCE). La société maintient plus de 5 millions de comptes clients sur un territoire de service de 50 000 milles carrés.

Type de contrat	Durée	Couverture client
Accords de service résidentiel	En cours / perpétuel	4,9 millions de clients résidentiels
Contrats de services commerciaux	1 à 5 ans	180 000 comptes commerciaux
Accords de service industriel	3-10 ans	25 000 clients industriels

Plates-formes de fiançailles clients numériques

SCE a investi 42,3 millions de dollars dans les technologies numériques d'engagement client en 2023.

• Application mobile avec 1,2 million d'utilisateurs mensuels actifs
• Plateforme de gestion des comptes en ligne avec un taux d'adoption des clients de 85%
• Système de suivi de la consommation d'énergie en temps réel

Consultations personnalisées en matière d'efficacité énergétique

Edison International a consacré 18,7 millions de dollars aux programmes de consultation de l'efficacité énergétique en 2023.

Type de consultation	Participants annuels	Coût moyen par consultation
Audit d'énergie résidentielle	76,500	$225
Évaluation commerciale de l'énergie	12,300	$1,450

Programmes de sensibilisation et d'éducation communautaires

SCE a alloué 7,2 millions de dollars aux initiatives d'engagement communautaire en 2023.

• 37 ateliers d'éducation communautaire
• 82 programmes de sensibilisation à l'énergie scolaire
• Éducation aux énergies renouvelables Reach: 145 000 étudiants

Systèmes de support client réactifs

Investissement d'infrastructure de support client: 22,5 millions de dollars en 2023.

Canal de support	Volume de contact annuel	Temps de réponse moyen
Support téléphonique	2,3 millions d'appels	7,2 minutes
Chat en ligne	890 000 interactions	3,5 minutes
Assistance par e-mail	420 000 e-mails	24 heures

Edison International (EIX) - Modèle commercial: canaux

Portail de service client en ligne

Edison International exploite un portail de service client complet complet avec les mesures clés suivantes:

Métrique du portail	Données actuelles
Visiteurs annuels du site Web	3,2 millions
Transactions de paiement des factures en ligne	1,8 million par an
Taux d'achèvement de la demande du service client	92%

Application mobile

L'application mobile d'Edison International fournit plusieurs services à la clientèle:

• Suivi de consommation d'énergie en temps réel
• Fonctionnalité de paiement des factures
• Système de rapports sur les panneaux

Statistique de l'application mobile	Données actuelles
Total des téléchargements d'applications	687,000
Utilisateurs actifs mensuels	412,000
Note de l'App Store	4.3/5

Centres de service client physique

Edison International maintient les emplacements des services physiques dans le sud de la Californie:

Métrique du centre de service	Données actuelles
Emplacements physiques totaux	23
Interactions annuelles du client	456,000
Temps d'attente moyen	17 minutes

Communications de facturation directes

Les canaux de communication de facturation d'Edison International comprennent:

• Relevés mensuels de facturation du papier
• Notifications de facturation par e-mail
• Déclarations de facturation électronique

Métrique de communication de facturation	Données actuelles
Total des factures mensuelles envoyées	5,4 millions
Taux d'adoption de facturation électronique	68%
Pourcentage de facture de papier	32%

Événements d'engagement communautaire

Edison International mène divers programmes de sensibilisation communautaire:

Métrique de l'engagement communautaire	Données actuelles
Événements communautaires annuels	87
Total des participants à la communauté	42,000
Programmes d'éducation communautaire	24

Edison International (EIX) - Modèle d'entreprise: segments de clients

Consommateurs d'électricité résidentielle

Le sud de la Californie Edison (SCE) dessert environ 15 millions de personnes dans 15 comtés en Californie, couvrant 50 000 milles carrés.

Catégorie client	Nombre de clients	Consommation d'électricité annuelle
Clients résidentiels	5,1 millions	86,4 milliards de kWh

Entreprises commerciales et industrielles

Edison International fournit de l'électricité à divers secteurs commerciaux et industriels.

Segment d'entreprise	Nombre de clients	Consommation d'électricité
Entreprises commerciales	250,000	45,2 milliards de kWh
Clients industriels	35,000	22,7 milliards de kWh

Entités municipales et gouvernementales

• Servir 191 villes et municipalités
• Fournir de l'électricité à 15 installations gouvernementales du comté
• Soutenir plus de 500 bâtiments gouvernementaux

Clients agricoles

Secteur agricole	Nombre de clients	Utilisation annuelle de l'électricité
Clients agricoles	12,500	8,3 milliards de kWh

Développeurs de projets d'énergie renouvelable

Edison International soutient le développement des énergies renouvelables à travers plusieurs programmes.

Support d'énergie renouvelable	Nombre de projets	Capacité renouvelable
Connexions du projet solaire	35,000	4.2 GW
Partenariats d'énergie éolienne	85	1,6 GW

Edison International (EIX) - Modèle d'entreprise: Structure des coûts

Frais de maintenance des infrastructures

Pour l'exercice 2023, Edison International a déclaré des frais de maintenance des infrastructures de 2,1 milliards de dollars. La rupture des coûts d'infrastructure comprend:

Composant d'infrastructure	Coût annuel
Maintenance de la grille	789 millions de dollars
Entretien de la ligne de transmission	456 millions de dollars
Entretien de sous-station	345 millions de dollars
Réparations du réseau de distribution	510 millions de dollars

Coûts de production d'électricité et de transmission

Les frais de production d'électricité et de transmission pour 2023 ont totalisé 3,4 milliards de dollars, avec la répartition des coûts suivante:

• Génération de combustibles fossiles: 1,2 milliard de dollars
• Génération d'énergie renouvelable: 890 millions de dollars
• Infrastructure de transmission: 1,31 milliard de dollars

Investissements de conformité réglementaire

Les frais de conformité réglementaire pour Edison International en 2023 s'élevaient à 475 millions de dollars, notamment:

Zone de conformité	Montant d'investissement
Règlements environnementaux	210 millions de dollars
Conformité à la sécurité	145 millions de dollars
Rapports et audit	120 millions de dollars

Dépenses de recherche et développement

Les dépenses de R&D pour Edison International en 2023 étaient de 312 millions de dollars, axées sur:

• Technologies d'énergie propre: 145 millions de dollars
• Modernisation de la grille: 98 millions de dollars
• Solutions de stockage d'énergie: 69 millions de dollars

Compensation et formation des employés

Les dépenses totales liées aux employés pour 2023 ont atteint 1,8 milliard de dollars:

Catégorie de compensation	Coût
Salaires de base	1,2 milliard de dollars
Avantages	380 millions de dollars
Formation et développement	220 millions de dollars

Edison International (EIX) - Modèle commercial: Strots de revenus

Ventes d'électricité aux clients résidentiels

Le sud de la Californie Edison (SCE) a servi 15 millions de clients en 2023. Les revenus d'électricité résidentiel pour 2022 étaient de 11,2 milliards de dollars.

Segment de clientèle	Revenus annuels	Taux moyen
Clients résidentiels	11,2 milliards de dollars	0,22 $ par kWh

Contrats d'électricité commerciaux et industriels

Les ventes d'électricité commerciale et industrielle ont généré 7,5 milliards de dollars de revenus pour 2022.

• Grands contrats commerciaux: 4,3 milliards de dollars
• Accords d'énergie industrielle: 3,2 milliards de dollars

Investissements du projet d'énergie renouvelable

Edison International a investi 1,2 milliard de dollars dans des projets d'énergie renouvelable en 2022.

Type d'énergie renouvelable	Investissement	Revenus annuels prévus
Projets solaires	650 millions de dollars	180 millions de dollars
Énergie éolienne	350 millions de dollars	95 millions de dollars
Stockage de batterie	200 millions de dollars	45 millions de dollars

Services de grille et frais d'infrastructure

Les services d'infrastructure de grille et de transmission ont généré 2,3 milliards de dollars en 2022.

• Frais de ligne de transmission: 1,4 milliard de dollars
• Services de maintenance du réseau: 900 millions de dollars

Revenus du programme d'efficacité énergétique

Les programmes d'efficacité énergétique et de réponse à la demande ont généré 350 millions de dollars en 2022.

Type de programme	Revenu
Efficacité énergétique résidentielle	180 millions de dollars
Réponse de la demande commerciale	170 millions de dollars

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.