Edison International is the parent holding company of Southern California Edison (SCE), an investor-owned public utility, and Edison Energy, a global energy advisory firm. SCE is primarily engaged in supplying and delivering electricity to a 50,000 square mile area of southern California. SCE's core business is regulated electricity distribution and transmission. Edison Energy provides integrated sustainability and energy solutions to commercial, industrial and institutional customers.

SCE's market position is as a major utility in Southern California. Competitive advantages include its established infrastructure and regulatory framework. The company's geographic presence is primarily in southern California.

The competitive landscape includes other utilities and alternative energy providers.

• Employees: "14,375" (as of December 31, 2023)
• Geographic Footprint: Primarily Southern California
• Headquarters: Rosemead, California
• Founded: 1987 (Edison International), 1909 (SCE)
• Number of locations/facilities: Approximately 80 transmission substations and 730 distribution substations
• Revenue: "$16.338 billion" (FY2023)
• Market Capitalization: Approximately "$26.6 billion" (as of June 30, 2023)
• Key Subsidiaries/Brands: Southern California Edison Company, Edison Energy

• CEO: Pedro J. Pizarro
• CFO: Maria Rigatti
• Board Chair: Peter J. Taylor
• Other Key Executives: Adam S. Umanoff (Executive Vice President and General Counsel), Caroline Choi (Senior Vice President, Corporate Affairs), J. Andrew Murphy (Chief Executive Officer, Edison Energy), Natalie K. Schilling (Senior Vice President, Human Resources), Steven D. Powell (President and Chief Executive Officer, SCE), Jill C. Anderson (Executive Vice President, Operations, SCE)

Key leaders have extensive experience in the energy and utility industries.

• Annual Revenue: "$16.338 billion" (FY2023)
• Net Income: "$1.197 billion" (FY2023)
• Market Cap: Approximately "$26.6 billion" (as of June 30, 2023)
• Total Assets: "$81.758 billion" (as of December 31, 2023)
• Number of Employees: "14,375" (as of December 31, 2023)
• Key Financial Highlights: SCE's 2023 earnings increased due to higher revenue from the escalation mechanism set forth in the 2021 GRC final decision and higher interest income on balancing account undercollections, partially offset by higher interest expense.

Edison International's main products and services are:

• Electricity Distribution and Transmission: The primary service of SCE, delivering electricity to customers in Southern California.
• Integrated Sustainability and Energy Solutions: Services offered by Edison Energy to commercial, industrial, and institutional customers.

Edison International operates primarily through two segments:

• Southern California Edison (SCE): Regulated electricity distribution and transmission.
• Edison Energy: Global energy advisory firm.

Edison International's strategic priorities include:

• Leading the transformation of the electric power industry.
• Delivering clean energy and advancing electrification.
• Building a modernized and more reliable grid.
• Enabling customers' technology choices.

SCE's strategic initiatives include implementing its Wildfire Mitigation Plan, investing in grid modernization, and supporting transportation electrification programs. Edison International is committed to achieving net-zero GHG emissions by 2045.

Edison International operates within the electric power industry, which is undergoing significant changes due to:

• Government actions to reduce GHG emissions.
• Increased demand for electric vehicles and building electrification.
• Technological innovations supporting clean energy adoption.

SCE faces competition from other utilities and alternative energy providers. The company's market position is as a major utility in Southern California. Key market trends include increasing demand for clean energy and grid modernization.

• Regulatory and Legislative Risks: Changes in regulations or legislative actions could limit SCE's ability to implement operational measures to mitigate wildfire risk and could impact cost recovery.
• Operating Risks: Risks associated with the operation of electrical facilities, including worker and public safety issues, the risk of utility assets causing or contributing to wildfires, and failure of equipment and facilities.
• Financial Risks: Risks associated with the cost and availability of labor, equipment and materials, ability to borrow funds, and changes in interest rates.
• Cybersecurity and Physical Security Risks: Risks associated with physical security of critical assets and personnel and the cybersecurity of critical information technology systems.