UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 18, 2025

Commission

File Number

Exact Name of Registrant

as specified in its charter

State or Other Jurisdiction of

Incorporation or Organization

IRS Employer

Identification Number

1-9936

EDISON INTERNATIONAL

California

95-4137452

1-2313

SOUTHERN CALIFORNIA EDISON COMPANY

California

95-1240335

2244 Walnut Grove Avenue

(P.O. Box 976)

(P.O. Box 800)

Rosemead,

91770

Rosemead,

91770

(Address of principal executive offices)

(626) 302-2222

(626) 302-1212

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ☐ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ☐ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ☐ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ☐ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:
Edison International:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, no par value	EIX	NYSE	LLC


Southern California Edison Company: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company	Edison International	☐
Emerging growth company	Southern California Edison Company	☐


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Edison International			☐
Southern California Edison Company			☐

This current report includes forward-looking statements. Edison International and Southern California Edison Company ("SCE") based these forward-looking statements on their current expectations and projections about future events in light of their knowledge of facts as of the date of this current report and their assumptions about future circumstances. These forward-looking statements are subject to various risks and uncertainties that may be outside the control of Edison International and SCE. Edison International and SCE have no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events, or otherwise. This current report should be read with Edison International's and SCE's combined Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent Quarterly Reports on Form 10-Q. Additionally, Edison International and SCE provide direct links to Edison International and SCE presentations, documents and other information at edisoninvestor.com (Presentations and Updates) in order to publicly disseminate such information.

Item 8.01 Other Events

The information furnished in this Item 8.01 shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933.

2026 Cost of Capital Final Decision

On December 18, 2025, the California Public Utilities Commission (the “CPUC”) issued a final decision authorizing Southern California Edison's ("SCE") cost of capital for 2026. The decision extends the cost of capital mechanism in its current form through this cycle. SCE’s capital structure and rate of return for 2025 and 2026 are set forth in the table below:


	2026 CPUC Authorized Capital Structure		2026 CPUC Authorized Cost of Capital		2025 CPUC Authorized Capital Structure		2025 CPUC Authorized Cost of Capital
Long-Term Debt	43.00	%	4.71	%	43.00	%	4.58	%
Preferred Equity	5.00	%	6.89	%	5.00	%	6.42	%
Common Equity	52.00	%	10.03	%	52.00	%	10.33	%
Rate of Return			7.59	%			7.66	%

Long-term Guidance

Following the CPUC decision described above, EIX is also reaffirming its guidance as follows:

•2025–2028 Core Earnings per Share (EPS) compound annual growth rate of 5–7%, resulting in 2028 Core EPS of $6.74–$7.14;

•2024–2028 compound annual rate base growth of 7–8%;

•2025–2028 capital plan of $28–29 billion;

•No annual equity needs for 2025–2028.

“With a dividend yield of approximately 6% and our long‑term core EPS growth target of 5% to 7%, Edison International offers a compelling case for total shareholder returns in the range of 11% to 13%. This combination of income and growth reflects the strength of our regulated business model and our commitment to delivering sustainable value for customers and investors,” said Pedro J. Pizarro, president and CEO of Edison International.

2025 Earnings Guidance

The company is also reaffirming its earnings guidance range for 2025, as summarized in the following chart.


	2025 Earnings Guidance				2025 Earnings Guidance
	as of Oct. 28, 2025				as of Dec. 18, 2025
	Low		High		Low		High
EIX Basic EPS	$	8.05	$	8.30	$	8.05	$	8.30
Less: Non-core Items*		2.10		2.10		2.10		2.10
EIX Core EPS	$	5.95	$	6.20	$	5.95	$	6.20
*There were $808 million, or $2.10 per share, of non-core items recorded for the nine months ending Sept. 30, 2025. Basic EPS guidance only incorporates non-core items until Sept. 30, 2025.

Use of Non-GAAP Financial Measures

Our management uses core earnings per share (EPS) internally for financial planning and for analysis of performance of Edison International and Southern California Edison. We also use core EPS when communicating with analysts and investors regarding our earnings results to facilitate comparisons of the Company’s performance from period to period. Financial measures referred to as basic EPS or core EPS also apply to the description of earnings or earnings per share.

Core EPS is a non-GAAP financial measure and may not be comparable to those of other companies. Core EPS is defined as basic EPS excluding income or loss from discontinued operations and income or loss from significant discrete items that management does not consider representative of ongoing earnings. The impact of participating securities (vested awards that earn dividend equivalents that may participate in undistributed earnings with common stock) for the principal operating subsidiary is not material to the principal operating subsidiary’s EPS and is therefore reflected in the results of the Edison International holding company, which is included in Edison International Parent and Other.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			EDISON INTERNATIONAL
			(Registrant)

			/s/ Kara G. Ryan
			Kara G. Ryan
			Vice President, Chief Accounting Officer and Controller

Date: December 18, 2025


			SOUTHERN CALIFORNIA EDISON COMPANY
			(Registrant)

			/s/ Kara G. Ryan
			Kara G. Ryan
			Vice President, Chief Accounting Officer and Controller

Date: December 18, 2025

EDISON INTERNATIONAL 8-K