Southern California Edison eyeing ‘substantial investments’ in grid resilience and reliability, CEO says

Southern California Edison is positioned to make substantial investments in the resilience and reliability of its electrical grid

Edison International reported $354 million in Q2 net income compared with about $241 million in the second quarter of 2022.

The 2025 through 2028 period “will be critical to achieving California’s 2030 and 2045 climate goals,” Pizarro said.

The company is confident in its 5% to 7% earnings-per-share growth rate guidance from 2021 through 2025, Rigatti said, and it expects to continue this rate from 2025 through 2028. This is partly due to strong rate base growth and partly because some of the headwinds the company has faced over the last couple of years are projected to stabilize by 2025.

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Source: Utility Dive

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