Item 8.01Other Events
On August 19, 2021, the California Public Utilities Commission ("CPUC") approved
a final decision in Edison International's subsidiary Southern California Edison
Company's ("SCE") 2021 General Rate Case. The decision authorized a base rate
revenue requirement of $6.9 billion for 2021, a decrease of $730 million from
SCE's requested revenue requirement and an increase of $356 million over revenue
requirements authorized for 2020. The final decision is retroactive to January
1, 2021.
The final decision authorizes escalation of wildfire capital additions based on
forecast spending for both 2022 and 2023 and authorizes operation and
maintenance expenses to be escalated for 2022 and 2023 through the use of
various escalation factors for labor, non-labor and medical expenses. The
methodology adopted in the decision results in a revenue requirement of $7.3
billion in 2022 and $7.7 billion in 2023.
Item 7.01Regulation FD Disclosure
Edison International announced earnings per share guidance for 2021. See the
presentation attached hereto as Exhibit 99.1 for further information including
key guidance assumptions.
Members of Edison International management will use the information in the
presentation attached hereto as Exhibit 99.1 in meetings with institutional
investors and analysts and at investor conference presentations. The attached
presentation will also be posted on www.edisoninvestor.com.
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