Edison International 10-K 2019-12-31

Filed 2020-02-27. 1 sections, 692K characters. Original on sec.gov · Markdown · JSON

What changed since the 2018-12-31 10-KNew, removed and reworded risk factor headings, then every item sentence by sentence.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)
☑ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year endedDecember 31, 2019
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File NumberExact Name of Registrant as specified in its charterState or Other Jurisdiction of Incorporation or OrganizationIRS Employer Identification Number
1-9936EDISON INTERNATIONALCalifornia95-4137452
1-2313SOUTHERN CALIFORNIA EDISON COMPANYCalifornia95-1240335
EDISON INTERNATIONALSOUTHERN CALIFORNIA EDISON COMPANY
2244 Walnut Grove Avenue2244 Walnut Grove Avenue
(P.O. Box 976)(P.O. Box 800)
Rosemead,California91770Rosemead,California91770
(Address of principal executive offices)(Address of principal executive offices)
(626)302-2222(626)302-1212
(Registrant's telephone number, including area code)(Registrant's telephone number, including area code)

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

Edison International:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, no par valueEIXNYSELLC

Southern California Edison Company:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Cumulative Preferred Stock, 4.08% SeriesSCEpBNYSE American LLC
Cumulative Preferred Stock, 4.24% SeriesSCEpCNYSE American LLC
Cumulative Preferred Stock, 4.32% SeriesSCEpDNYSE American LLC
Cumulative Preferred Stock, 4.78% SeriesSCEpENYSE American LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Edison International Yes ☑ No ☐ Southern California Edison Company Yes ☑ No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.

Edison International Yes ☐ No ☑ Southern California Edison Company Yes ☐ No ☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Edison International Yes ☑ No ☐ Southern California Edison Company Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Edison International Yes ☑ No ☐ Southern California Edison Company Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-12 of the Exchange Act. (Check One):
Edison InternationalLarge Accelerated FilerAccelerated FilerNon-accelerated FilerSmaller Reporting CompanyEmerging growth company
☑☐☐☐☐
Southern California Edison CompanyLarge Accelerated FilerAccelerated FilerNon-accelerated FilerSmaller Reporting CompanyEmerging growth 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☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Edison International Yes ☐ No ☑ Southern California Edison Company Yes ☐ No ☑

Aggregate market value of voting and non-voting common equity held by non-affiliates of the registrants as of June 28, 2019, the last business day of the most recently completed second fiscal quarter:

Edison International Approximately $22.0 billion Southern California Edison Company Wholly owned by Edison International

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:
Common Stock outstanding as of February 20, 2020:
Edison International362,570,075shares
Southern California Edison Company434,888,104shares (wholly owned by Edison International)

DOCUMENTS INCORPORATED BY REFERENCE

Designated portions of the Proxy Statement relating to registrants' joint 2020 Annual Meeting of Shareholders are incorporated by reference into Part III of this report.

TABLE OF CONTENTS

SEC Form 10-K Reference Number
GLOSSARYvi
FORWARD-LOOKING STATEMENTS1
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS3Part II, Item 7
MANAGEMENT OVERVIEW3
Highlights of Operating Results3
Wildfire Mitigation and Wildfire Insurance Expenses5
2018 General Rate Case6
2020 Cost of Capital Application6
2018 and 2019 FERC Formula Rate6
Southern California Wildfires and Mudslides7
2021 General Rate Case10
Electricity Industry Trends11
Capital Program11
[RESULTS OF OPERATIONS](#

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