filings.toolsEdison International 10-K 2023-12-31
Filed 2024-02-22. 2 sections, 704K characters. Original on sec.gov · Markdown · JSON
Cover and table of contents
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 ended | December 31, 2023 |
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
| | | | | | | |
|---|---|---|---|---|---|---|
| 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 |
| | | |
|---|---|---|
| EDISON INTERNATIONAL | SOUTHERN CALIFORNIA EDISON COMPANY | |
| 2244 Walnut Grove Avenue | | 2244 Walnut Grove Avenue |
| (P.O. Box 976) | | (P.O. Box 800) |
| Rosemead, California 91770 | | Rosemead, California 91770 |
| (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 class | Trading Symbol(s) | Name of each exchange on which registered | |
| Common Stock, no par value | EIX | NYSE | LLC |
Southern California Edison Company: None
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 þ No ☐ | Southern California Edison Company | Yes þ 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 þ | Southern California Edison Company | Yes ☐ No þ |
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 þ No ☐ | Southern California Edison Company | Yes þ 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 þ No ☐ | Southern California Edison Company | Yes þ 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 International | Large Accelerated Filer | Accelerated Filer | Non-accelerated Filer | Smaller Reporting Company | Emerging growth company |
| | ☑ | ☐ | ☐ | ☐ | ☐ |
| Southern California Edison Company | Large Accelerated Filer | Accelerated Filer | Non-accelerated Filer | Smaller Reporting Company | Emerging 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 has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C 7262(b)) by the registered public accounting firm that prepared or issued its audit report.
| | | | | | | |
|---|---|---|---|---|---|---|
| Edison International | ☑ | Southern California Edison Company | ☐ |
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.
| | | | | | | |
|---|---|---|---|---|---|---|
| Edison International | ☐ | Southern California Edison Company | ☐ |
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).
| | | | | | | |
|---|---|---|---|---|---|---|
| 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 þ | Southern California Edison Company | Yes ☐ No þ |
Aggregate market value of voting and non-voting common equity held by non-affiliates of the registrants as of June 30, 2023, the last business day of the most recently completed second fiscal quarter:
| | | | | | | |
|---|---|---|---|---|---|---|
| Edison International | Approximately $26.6 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 15, 2024:
| | | | | |
|---|---|---|---|---|
| Edison International | | 384,524,276 | | shares |
| Southern California Edison Company | | 434,888,104 | | shares (wholly owned by Edison International) |
OMISSION OF CERTAIN INFORMATION
Southern California Edison Company meets the conditions set forth in General Instruction I(1)(a) and (b) of Form 10-K and is therefore filing this Form with the reduced disclosure format allowed under the General Instruction.
DOCUMENTS INCORPORATED BY REFERENCE
Designated portions of the Edison International Proxy Statement relating to Edison International's 2024 Annual Meeting of Shareholders are incorporated by reference into Part III of this report.
TABLE OF CONTENTS
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|---|---|---|
| | | |
| | | SEC Form 10-K |
| | | Reference Number |
| GLOSSARY | vi | |
| FORWARD-LOOKING STATEMENTS | 1 | |
| [MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#MANAGEMENT |
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Item 6. Reserved.
This item no longer requires disclosure.
FORM 10-K SUMMARY
None.
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
Not applicable.
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(a) (1) Financial Statements
See Consolidated Financial Statements listed in the Table of Contents of this report.
(a) (2) Report of Independent Registered Public Accounting Firm and Schedules Supplementing Financial Statements
Edison International
The following documents may be found in this report at the indicated page numbers under the headings "Financial Statements and Supplementary Data—Reports of Independent Registered Accounting Firm" and "Exhibits and Financial Statement Schedules—Schedules Supplementing Financial Statements" in the Table of Contents of this report.
| |
|---|
| Report of Independent Registered Public Accounting Firm - Edison International |
| Schedule I – Condensed Financial Information of Edison International Parent |
Schedules II through V, inclusive, for Edison International are omitted as not required or not applicable.
Southern California Edison Company
The following documents may be found in this report at the indicated page numbers under the headings "Financial Statements and Supplementary Data—Reports of Independent Registered Accounting Firm" and "Exhibits and Financial Statement Schedules—Schedules Supplementing Financial Statements" in the Table of Contents of this report.
| |
|---|
| Report of Independent Registered Public Accounting Firm - SCE |
Schedules I through V, inclusive, for SCE are omitted as not required or not applicable.
(a) (3) Exhibits
EXHIBIT INDEX
| First Amendment, dated as of April 30, 2021, to the Second Amended and Restated Credit Agreement, dated as of May 17, 2018, by and among Southern California Edison Company, the several banks and other financial institutions party thereto and JPMorgan Chase bank, N.A., as administrative agent. (File No. 1-2313, filed as Exhibit 10.2 to Southern California Edison Company's Form 8-K dated April 30, 2021 and filed May 6, 2021)* | ||
|---|---|---|
| Exhibit Number | Description | |
| 97.1 | | Edison International and Southern California Edison Company Incentive Compensation Recoupment Policy For Accounting Restatements, as amended effective October 2, 2023 |
| | | |
| 101.1 | | Financial statements from the annual report on Form 10-K of Edison International for the year ended December 31, 2023, filed on February 22, 2024, formatted in Inline XBRL: (i) the Consolidated Statements of Income; (ii) the Consolidated Statements of Comprehensive Income; (iii) the Consolidated Balance Sheets; (iv) the Consolidated Statements of Cash Flows; (v) Consolidated Statements of Changes in Equity and (vi) the Notes to Consolidated Financial Statements |
| | | |
| 101.2 | | Financial statements from the annual report on Form 10-K of Southern California Edison Company for the year ended December 31, 2023, filed on February 22, 2024, formatted in Inline XBRL: (i) the Consolidated Statements of Income; (ii) the Consolidated Statements of Comprehensive Income; (iii) the Consolidated Balance Sheets; (iv) the Consolidated Statements of Cash Flows; (v) Consolidated Statements of Changes in Equity and (vi) the Notes to Consolidated Financial Statements |
| | | |
| 104 | | The cover page of this report formatted in Inline XBRL (included as Exhibit 101) |
- Incorporated by reference pursuant to Rule 12b-32.
** Indicates a management contract or compensatory plan or arrangement, as required by Item 15(a)(3).
Edison International and SCE will furnish a copy of any exhibit listed in the accompanying Exhibit Index upon written request and upon payment to Edison International or SCE of their reasonable expenses of furnishing such exhibit, which shall be limited to photocopying charges and, if mailed to the requesting party, the cost of first-class postage.
SCHEDULES SUPPLEMENTING FINANCIAL STATEMENTS
EDISON INTERNATIONAL
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT
CONDENSED BALANCE SHEETS
| | | | | | | |
|---|---|---|---|---|---|---|
| | | December 31, | ||||
| (in millions) | 2023 | 2022 | ||||
| Assets: | | | ||||
| Cash and cash equivalents | | $ | 1 | | $ | 4 |
| Other current assets | | 441 | | 447 | ||
| Total current assets | | 442 | | 451 | ||
| Investments in subsidiaries | | 20,026 | | 19,922 | ||
| Deferred income taxes | | 700 | | 626 | ||
| Other long-term assets | | 58 | | 62 | ||
| Total assets | | $ | 21,226 | | $ | 21,061 |
| Liabilities and equity: | | | ||||
| Short-term debt | | $ | 246 | | $ | 1,090 |
| Current portion of long-term debt | | 500 | | 400 | ||
| Other current liabilities | | 598 | | 575 | ||
| Total current liabilities | | 1,344 | | 2,065 | ||
| Long-term debt | | 4,019 | | 2,981 | ||
| Other long-term liabilities | | 362 | | 394 | ||
| Total equity | | 15,501 | | 15,621 | ||
| Total liabilities and equity | | $ | 21,226 | | $ | 21,061 |
EDISON INTERNATIONAL
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT
CONDENSED STATEMENTS OF INCOME
For the Years Ended December 31, 2023, 2022 and 2021
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| (in millions) | 2023 | 2022 | 2021 | ||||||
| Interest income from affiliates | | $ | 2 | | $ | 3 | | $ | — |
| Operating, interest and other expenses | | 299 | | 209 | | 176 | |||
| Loss before equity in earnings of subsidiaries | | (297) | | (206) | | (176) | |||
| Equity in earnings of subsidiaries | | 1,498 | | 867 | | 956 | |||
| Income before income taxes | | 1,201 | | 661 | | 780 | |||
| Income tax benefit | | (83) | | (56) | | (39) | |||
| Net income | | 1,284 | | 717 | | 819 | |||
| Preferred stock dividend requirements of Edison International | | | 87 | | | 105 | | | 60 |
| Net income available to Edison International common shareholders | | $ | 1,197 | | $ | 612 | | $ | 759 |
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
For the Years Ended December 31, 2023, 2022 and 2021
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| (in millions) | 2023 | 2022 | 2021 | ||||||
| Net income | | $ | 1,284 | | $ | 717 | | $ | 819 |
| Other comprehensive income, net of tax | | 2 | | 43 | | 15 | |||
| Comprehensive income | | $ | 1,286 | | $ | 760 | | $ | 834 |
EDISON INTERNATIONAL
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT
CONDENSED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2023, 2022 and 2021
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| (in millions) | 2023 | 2022 | 2021 | ||||||
| Net cash provided by operating activities | | $ | 1,148 | | $ | 1,133 | | $ | 817 |
| Cash flows from financing activities: | | | | ||||||
| Long-term debt issued | | 1,549 | | 945 | | — | |||
| Long-term debt issuance costs | | (16) | | (6) | | — | |||
| Long-term debt repaid | | (400) | | (700) | | — | |||
| Short-term debt issued | | 370 | | 1,000 | | — | |||
| Short-term debt repaid | | (1,356) | | — | | — | |||
| Common stock issued | | 20 | | 13 | | 32 | |||
| Preferred stock issued | | | — | | | — | | | 1,977 |
| Preferred stock repurchased | | | (289) | | | — | | | — |
| Payable due to affiliates | | (3) | | (14) | | (13) | |||
| Commercial paper borrowing (repayments), net | | 139 | | 89 | | (130) | |||
| Payments for stock-based compensation | | (5) | | (8) | | (3) | |||
| Receipts for stock-based compensation | | 71 | | 72 | | 31 | |||
| Common stock dividends paid | | (1,112) | | (1,050) | | (988) | |||
| Preferred stock dividends paid | | | (108) | | | (99) | | | (35) |
| Net cash (used in) provided by financing activities | | (1,140) | | 242 | | 871 | |||
| Cash flows from investing activities: | | | | | | | | | |
| Capital contributions to affiliate | | (15) | | (1,426) | | (1,639) | |||
| Dividends from affiliate | | 4 | | 3 | | — | |||
| Net cash used in investing activities: | | (11) | | (1,423) | | (1,639) | |||
| Net (decrease) increase in cash and cash equivalents | | (3) | | (48) | | 49 | |||
| Cash and cash equivalents, beginning of year | | 4 | | 52 | | 3 | |||
| Cash and cash equivalents, end of year | | $ | 1 | | $ | 4 | | $ | 52 |
Note 1. Basis of Presentation
The accompanying condensed financial statements of Edison International Parent should be read in conjunction with the consolidated financial statements and notes thereto of Edison International and subsidiaries ("Registrant") included in this Form 10-K. Edison International Parent's significant accounting policies are consistent with those of the Registrant, SCE and other wholly owned and controlled subsidiaries.
Dividends Received
Edison International Parent received cash dividends from SCE of $1.4 billion, $1.3 billion and $975 million in 2023, 2022 and 2021, respectively.
Dividend Restrictions
CPUC holding company rules require that SCE's dividend policy be established by SCE's Board of Directors on the same basis as if SCE were a stand-alone utility company, and that the capital requirements of SCE, as deemed to be necessary to meet SCE's electricity service obligations, shall receive first priority from the Boards of Directors of both Edison International and SCE. In addition, the CPUC regulates SCE's capital structure which limits the dividends it may pay to its shareholders.
The common equity component of SCE's CPUC authorized capital structure is 52% on a weighted average basis over the Capital Structure Compliance Period. The CPUC authorized capital structure differs from the capital structure calculated based on GAAP due to certain exclusions allowed by CPUC, including the impact of SCE's contributions to the Wildfire Insurance Fund under AB 1054.
In August 2023, the CPUC issued a decision on SCE's application to the CPUC for an extension of the waiver of compliance with its equity ratio requirement that allows SCE to exclude from its equity ratio calculations (i) net charges accrued in connection with the 2017/2018 Wildfire/Mudslide Events and (ii) debt issued for the purpose of paying claims, and associated expenses, related to the 2017/2018 Wildfire/Mudslide Events up to an amount equal to the net charges accrued in connection with the 2017/2018 Wildfire/Mudslide Events. Under the decision, effective as of the beginning of the new cost of capital cycle on January 1, 2023, the CPUC also authorized SCE to exclude from its equity ratio calculations debt that exceeds the net charges accrued in connection with the 2017/2018 Wildfire/Mudslide Events due to the timing difference between the wildfire claims payment and the realization of the cash tax benefits. The temporary exclusion will lapse on August 31, 2025 or when determinations regarding cost recovery for the 2017/2018 Wildfire/Mudslide Events are made, whichever comes earlier. If the CPUC has not made determinations regarding cost recovery by August 31, 2025, SCE is permitted to file another application for a waiver of compliance with its equity ratio requirement. While the exclusion is in place, SCE is required to notify the CPUC if an adverse financial event reduces SCE's spot equity ratio by more than one percent from the level most recently filed with the CPUC in the proceeding. The last spot equity ratio SCE filed with the CPUC in the proceeding did not exclude the then $1.8 billion net charge and was 45.2% as of December 31, 2018 (at the time the common equity component of SCE's CPUC authorized capital structure was required to remain at or above 48% on a weighted average basis over the applicable 37-month period). SCE's spot equity ratio on December 31, 2018 would have been 48.7% had the $1.8 billion net charge at December 31, 2018 been excluded, therefore SCE will notify the CPUC if its spot ratio drops below 47.7% in any quarter. For further information, see "Note 12. Commitments and Contingencies—Contingencies—Southern California Wildfires and Mudslides."
Note 2. Debt and Equity Financing
Long-Term Debt
At December 31, 2023, Edison International Parent had $500 million of 3.55% senior notes due in 2024, $400 million of 4.95% senior notes and $400 million of 4.70% senior notes due in 2025, $600 million of 5.75% senior notes due in 2027, $550 million of 4.125% senior notes and $600 million of 5.25% senior notes due in 2028, $550 million 6.95% senior notes due in 2029, $500 million of 8.125% junior subordinated notes due in 2053 and $450 million of 7.875% junior subordinated notes due in 2054.
Credit Agreements and Short-Term Debt
The following table summarizes the status of the credit facility at December 31, 2023:
| | | | |
|---|---|---|---|
| (in millions) | | ||
| Commitment | | $ | 1,500 |
| Outstanding borrowings | | 246 | |
| Amount available | | $ | 1,254 |
In May 2023, Edison International Parent amended its revolving credit facility to extend the termination date to May 2027, with two additional one-year extension options. The aggregate maximum principal amount under the Edison International Parent revolving credit facility may be increased up to $2.0 billion, provided that additional lender commitments are obtained.
The debt covenant in Edison International Parent's credit facility requires a consolidated debt to total capitalization ratio of less than or equal to 0.70 to 1. At December 31, 2023, Edison International's consolidated debt to total capitalization ratio was 0.63 to 1.
Common Stock Issuances
Edison International continued to settle its ongoing common stock requirements of various internal programs through issuance of new common stock. During the twelve months ended December 31, 2023, 1,151,964 shares of common stock were issued as stock compensation awards for net cash receipts of $58 million, 259,109 shares of new common stock were issued in lieu of distributing $18 million to shareholders opting to receive dividend payments in the form of additional common stock, 144,200 shares of common stock were purchased by employees through the 401(k) defined contribution savings plan for net cash receipts of $10 million, 105,218 shares of common stock were issued to employees through voluntary cash purchases for net cash receipts of $7 million and 55,923 shares of common stock were issued to employees through the ESPP for net cash receipts of $4 million.
During the twelve months ended December 31, 2022, 1,253,049 shares of common stock were issued as stock compensation awards for net cash receipts of $57 million, 273,642 shares of new common stock were issued in lieu of distributing $18 million to shareholders opting to receive dividend payments in the form of additional common stock, 157,000 shares of common stock were purchased by employees through the 401(k) defined contribution savings plan for net cash receipts of $10 million as dividend payments, 109,750 shares of common stock were issued to employees through voluntary cash purchases for net cash receipts of $7 million and 36,912 shares of common stock were issued to employees through the ESPP for net cash receipts of $2 million.
As of December 31, 2023, Edison International had not issued any shares through its "at-the-market"("ATM") program established in August 2022. Under the ATM program, Edison International may sell shares of its common stock having an aggregate sales price of up to $500 million. Edison International has no obligation to sell the remaining available shares available under the ATM program.
Preferred Stock
As of December 31, 2023, Edison International has 1,159,317 shares of 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock") and 532,454 shares of 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B ("Series B Preferred Stock") outstanding, each with a liquidation value of $1,000 per share. The dividends are payable on a semi-annual basis and will be reset every five years beginning on March 15, 2026 and March 15, 2027, for Series A Preferred Stock and Series B Preferred Stock, respectively, to equal the then-current five-year U.S. Treasury rate plus a spread.
In November 2023, Edison International, through a tender offer, repurchased 61,497 shares of its Series A Preferred Stock and 84,223 shares of its Series B Preferred Stock for an average price of $925 and $904 per share, respectively, including accrued and unpaid dividends. The aggregate amount paid was $57 million for Series A Preferred Stock and $76 million for Series B Preferred Stock. In December 2023, Edison International repurchased 29,186 shares of its Series A Preferred Stock and 133,323 shares of its Series B Preferred Stock on the open market for an average price of $971 and $955 per share, respectively, including accrued and unpaid dividends. The aggregate amount paid was $28 million for Series A Preferred Stock and $127 million for Series B Preferred Stock. Edison International recognized a total net gain of $16 million from the tender offer and open market repurchases, reflected in "Preferred stock dividend requirements of Edison International" on the condensed statements of income.
Edison International may, at its option, redeem its preferred stock in whole or in part during certain periods of time prior to each of the dividend reset dates at a price equal to $1,000 per share plus any accumulated and unpaid dividends. Edison International may also, at its option, redeem the preferred stocks in whole but not in part at a price equal to $1,020 per share plus any accumulated and unpaid dividends within a certain period of time following any change in the criteria rating agencies use that would have adverse effects on the equity credit attributed by rating agencies to the preferred stocks.
The preferred stocks rank senior to Edison International's common stock with respect to dividends rights and distribution rights upon liquidation. The preferred stocks are not subject to any mandatory sinking fund, retirement fund, purchase fund or other similar provisions. Holders of the shares of the preferred stocks do not have the right to require Edison International to repurchase or redeem shares of the preferred stocks.
Note 3. Related-Party Transactions
Edison International's Parent expense from services provided by SCE was $2 million in 2023, $2 million in 2022 and $2 million in 2021. Edison International Parent's interest expense from loans due to affiliates was $2 million in 2023, $3 million in 2022 and $5 million in 2021. Edison International Parent had current related-party receivables of $400 million and $389 million and current related-party payables of $185 million and $166 million at December 31, 2023 and 2022, respectively. Edison International Parent had long-term related-party receivables of $8 million at December 31, 2022, and long-term related-party payables of $112 million and $130 million at December 31, 2023 and 2022, respectively.
Note 4. Contingencies
For a discussion of material contingencies see "Notes to Consolidated Financial Statements—Note 8. Income Taxes" and "—Note 12. Commitments and Contingencies."
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorized.
| | | | | |
|---|---|---|---|---|
| EDISON INTERNATIONAL | | SOUTHERN CALIFORNIA EDISON COMPANY | ||
| By: | /s/ Kara G. Ryan | | By: | /s/ Kara G. Ryan |
| Kara G. Ryan Vice President, Chief Accounting Officer and Controller (Duly Authorized Officer and Principal Accounting Officer) | | Kara G. Ryan Vice President, Chief Accounting Officer and Controller (Duly Authorized Officer and Principal Accounting Officer) | ||
| | | | ||
| Date: | February 22, 2024 | | Date: | February 22, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrants and in the capacities and on the date indicated.
| Signature | Title | |
|---|---|---|
| A. Principal Executive Officers | | |
| Pedro J. Pizarro* | | President, Chief Executive Officer and Director (Edison International) |
| Steven D. Powell* | | President and Chief Executive Officer and Director (Southern California Edison Company) |
| B. Principal Financial Officers | | |
| Maria Rigatti* | | Executive Vice President and Chief Financial Officer (Edison International) |
| Aaron D. Moss* | | Senior Vice President and Chief Financial Officer (Southern California Edison Company) |
| C. Principal Accounting Officers | | |
| /s/ Kara G. Ryan | | Vice President, Chief Accounting Officer and Controller (Edison International) |
| Kara G. Ryan | | |
| /s/ Kara G. Ryan | | Vice President, Chief Accounting Officer and Controller (Southern California Edison Company) |
| Kara G. Ryan | | |
| D. Directors (Edison International and Southern California Edison Company, unless otherwise noted) | | |
| Jeanne Beliveau-Dunn* | | Director |
| Michael C. Camuñez* | | Director |
| Vanessa C.L. Chang* | | Director |
| James T. Morris* | | Director |
| Timothy T. O'Toole* | | Director |
| Pedro J. Pizarro* | | Director |
| Steven D. Powell (SCE only)* | | Director |
| Marcy L. Reed* | | Director |
| Carey A. Smith* | | Director |
| Linda G. Stuntz* | | Director |
| Peter J. Taylor* | | Chair of the Edison International Board and Director |
| Keith Trent* | | Director |
| | | | |
|---|---|---|---|
| *By: | /s/ Kara G. Ryan | *By: | /s/ Kara G. Ryan |
| | Kara G. Ryan Vice President, Chief Accounting Officer and Controller (Attorney-in-fact for EIX Directors and Officers) | | Kara G. Ryan Vice President, Chief Accounting Officer and Controller (Attorney-in-fact for SCE Directors and Officers) |
| | | | |
| Date: | February 22, 2024 | Date: | February 22, 2024 |