Edison International 10-K 2025-12-31

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, 2025

☐ 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, CA 91770			Rosemead, CA 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, a 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-2 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						☐

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This item no longer requires disclosure.

FORM 10-K SUMMARY

None.

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

Not applicable.

Table of Contents

**EXHIBITS AND FINANCIAL STATEMENT SCHEDULES (**Part IV, Item 15)

(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

Table of Contents

EXHIBIT INDEX

Exhibit Number						Description
Edison International
3.1						Certificate of Restated Articles of Incorporation of Edison International, effective December 19, 2006, together with all Certificates of Determination of Preference of Preferred Stock issued since December 19, 2006 (File No. 1-9936, filed as Exhibit 3.1 to Edison International's Form 10-K for the year ended December 31, 2021)*
3.2						Bylaws of Edison International, as amended effective, December 8, 2022 (File No. 1-9936, filed as Exhibit No. 3.1 to Edison International's Form 8-K dated December 8, 2022 and filed December 9, 2022)*
Southern California Edison Company
3.3						Certificate of Amended and Restated Articles of Incorporation of Southern California Edison Company, effective August 28, 2023 (Filed No. 1-2313 filed as Exhibit 3.1 to SCE’s Form 8-K dated September 19, 2023 and filed September 21, 2023)*
3.4						Bylaws of Southern California Edison Company, as amended effective December 8, 2022 (File No. 1-2313, filed as Exhibit No. 3.2 to SCE's Form 8-K dated December 8, 2022 and filed December 9, 2022)*
Edison International
4.1						Edison International - Description of Registered Securities (File No. 1-9936, filed as Exhibit 4.1 to Edison International's Form 10-K for the year ended December 31, 2019)*
4.2						Senior Indenture, dated September 10, 2010 (File No. 1-9936, filed as Exhibit 4.1 to Edison International's Form 10-Q for the quarter ended September 30, 2010)*
4.3						Junior Subordinated Indenture, dated as of March 1, 2023, between Edison International and The Bank of New York Mellon Company, as Trustee (File No. 1-9936, filed as Exhibit 4.3 to Edison International’s Form 10-K for the year ended December 31, 2024)*
4.4						Form of Certificate representing Series A Preferred Stock (included as Exhibit A to Certificate of Determination of the 5.375% Fixed Rate Reset Cumulative Perpetual Preferred Stock Series A) (File No. 1-9936, filed as Exhibit 3.1 to Edison International's Form 10-K for the year ended December 31, 2021)*
4.5						Form of Certificate representing Series B Preferred Stock (included as Exhibit A to Certificate of Determination of the 5.00% Fixed Rate Reset Cumulative Perpetual Preferred Stock Series B) (File No. 1-9936, filed as Exhibit 3.1 to Edison International's Form 10-K for the year ended December 31, 2021)*
Southern California Edison Company

Table of Contents

Exhibit Number						Description
4.6						Southern California Edison Company First Mortgage Bond Trust Indenture, dated as of October 1, 1923 (File No. 1-2313, filed as Exhibit 4.2 to SCE's Form 10-K for the year ended December 31, 2010)*
4.7						Southern California Edison Company Indenture, dated as of January 15, 1993 (File No. 1-2313, filed as Exhibit 4.3 to SCE's Form 10-K for the year ended December 31, 2017)*
4.8						Certificate of Determination of Preferences of the Company’s Series M Preference Stock (File No. 1-2313, filed as Exhibit 4.1 to SCE’s Form 8-K dated November 16, 2023 and filed on November 22, 2023)*
4.9						Certificate of Determination of Preferences of the Company’s Series N Preference Stock (File No. 1-2313, filed as Exhibit 4.1 to SCE’s Form 8-K dated and filed on May 7, 2024)*
Edison International and Southern California Edison Company
10.1**						Edison International 2008 Director Deferred Compensation Plan, as amended and restated effective January 1, 2021 (File No. 1-9936, filed as Exhibit No. 10.2 to Edison International's Form 10-Q for the quarter ended September 30, 2020)*
10.2**						Edison International Executive Deferred Compensation Plan, as amended and restated effective June 19, 2014 (as amended) (File No. 1-9936, filed as Exhibit No. 10.7 to Edison International's Form 10-Q for the quarter ended March 31, 2018)*
10.3**						Edison International 2008 Executive Deferred Compensation Plan, as amended and restated effective January 1, 2025 (File No. 1-9936, filed as Exhibit 10.3 to Edison International’s Form 10-K for the year ended December 31, 2024)*
10.4**						Southern California Edison Company Executive Retirement Plan, as amended effective June 19, 2014 (File No. 1-9936, filed as Exhibit 10.7 to Edison International and SCE's Form 10-Q for the quarter ended June 30, 2014)*
10.5 **						Edison International 2008 Executive Retirement Plan, as amended and restated effective August 27, 2025 (File No. 1-9936, filed as Exhibit 10.2 to Edison International’s Form 10-Q for the quarter ended September 30, 2025)*
10.6**						Edison International Executive Incentive Compensation Plan, as amended and restated effective January 1, 2025 (File No. 1-9936, filed as Exhibit 10.5 to Edison International’s Form 10-K for the year ended December 31, 2024)*
10.7**						Edison International 2008 Executive Disability Plan, as amended and restated effective January 1, 2025 (File No. 1-9936, filed as Exhibit 10.6 to Edison International’s Form 10-K for the year ended December 31, 2024)*
10.8**						Edison International 2007 Performance Incentive Plan, as amended and restated effective April 24, 2025 (incorporated by reference from the Appendix to Edison International’s Definitive Proxy Statement on Schedule 14A filed on March 14, 2025)*
10.8.1**						Edison International 2016 Long-Term Incentives Terms and Conditions (File, No. 1-9936, filed as Exhibit 10.4 to Edison International's Form 10-Q for the quarter ended March 31, 2016)*

Table of Contents

Exhibit Number						Description
10.8.2**						Edison International 2017 Long-Term Incentives Terms and Conditions (File, No. 1-9936, filed as Exhibit 10.2 to Edison International's Form 10-Q for the quarter ended March 31, 2017)*
10.8.3**						Edison International 2018 Long-Term Incentives Terms and Conditions (File. No. 1-9936, filed as Exhibit 10.3 to Edison International's Form 10-Q for the quarter ended March 31, 2018)*
10.8.4**						Edison International 2019 Long-Term Incentives Terms and Conditions (File, No. 1-9936, filed as Exhibit 10.3 to Edison International's Form 10-Q for the quarter ended March 31, 2019)*
10.8.5**						Edison International 2020 Long-Term Incentives Terms and Conditions (File, No. 1-9936, filed as Exhibit 10.4 to Edison International's Form 10-Q for the quarter ended March 31, 2020)*
10.8.6**						Edison International 2021 Long-Term Incentives Terms and Conditions (File, No. 1-9936, filed as Exhibit 10.1 to Edison International's Form 10-Q for the quarter ended March 31, 2021)*
10.8.7**						Edison International 2022 Long-Term Incentives Terms and Conditions (File, No. 1-9936, filed as Exhibit 10.1 to Edison International's Form 10-Q for the quarter ended March 31, 2022)*
10.8.8**						Edison International 2023 Long-Term Incentives Terms and Conditions (File No. 1-9936, filed as Exhibit 10.1 to Edison International’s Form 10-Q for the quarter ended March 31, 2023)*
10.8.9**						Edison International 2024 Long-Term Incentives Terms and Conditions (File No 1-9936, filed as Exhibit 10.1 to Edison International’s Form 10-Q for the quarter ended March 31, 2024)*
10.8.10**						Form of Long-Term Incentives Award Agreement under the Edison International 2007 Performance Incentive Plan
10.9**						Edison International 2008 Executive Severance Plan, as amended and restated effective February 26, 2025 (Filed No. 1-9936, filed as Exhibit 10.3 to Edison International’s Form 10-Q for the quarter ended March 31, 2025)*
10.10**						Edison International and Southern California Edison Company Director Compensation Schedule as adopted August 28, 2025 (File No. 1-9936, filed as Exhibit 10.1 to Edison International’s Form 10-Q for the quarter ended September 30, 2025)*
10.11**						Edison International Director Matching Gifts Program, as revised effective January 1, 2019 (File No. 1-9936, filed as Exhibit 10.1 to Edison International's Form 10-Q for the quarter ended September 30, 2019)*
10.12						Amended and Restated Agreement for the Allocation of Income Tax Liabilities and Benefits among Edison International, Southern California Edison Company and The Mission Group dated September 10, 1996 (File No. 1-9936, filed as Exhibit 10.3 to Edison International's Form 10-Q for the quarter ended September 30, 2002)*
10.13						Amended and Restated Tax-Allocation Agreement among The Mission Group and its first-tier subsidiaries dated September 10, 1996 (File No. 1-9936, filed as Exhibit 10.3.1 to Edison International's Form 10-Q for the quarter ended September 30, 2002)*

Table of Contents

Exhibit Number						Description
10.13.1						Amended and Restated Tax-Allocation Agreement between Mission Energy Holding Company and Edison Mission Energy dated February 13, 2012 (File No. 333-68630, filed as Exhibit 10.11 to Edison Mission Energy's Form 10-K for the year ended December 31, 2011)*
10.13.2						Modification No. 1 to the Amended and Restated Tax-Allocation Agreement between Mission Energy Holding Company and Edison Mission Energy dated February 13, 2012 (File No. 333-68630, filed as Exhibit 10.1 to Edison Mission Energy's Form 8-K dated November 15, 2012 and filed November 21, 2012)*
10.13.3						Amended and Restated Administrative Agreement Re Tax Allocation Payments, dated February 13, 2012, among Edison International and subsidiary parties. (File No. 333-68630, filed as Exhibit 10.12 to Edison Mission Energy's Form 10-K for the year ended December 31, 2011)*
10.14**						Form of Indemnity Agreement between Edison International and its Directors and any officer, employee or other agent designated by the Board of Directors (File No. 1-9936, filed as Exhibit 10.5 to Edison International's Form 10-Q for the quarter ended June 30, 2005)*
10.15						Second Amended and Restated Credit Agreement dated as of May 17, 2018 among Edison International, the several banks and other financial institutions from time to time parties thereto, the several agents parties thereto and JPMorgan Chase Bank, N.A., as administrative agent for the lenders. (File No. 1-9936, filed as Exhibit 10.1 to Edison International's Form 8-K dated and filed May 18, 2018)*
10.16						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 Edison International, the several banks and other financial institutions party thereto and JPMorgan Chase bank, N.A., as administrative agent. (File No. 1-9936, filed as Exhibit 10.1 to Edison International's Form 8-K dated April 30, 2021 and filed May 6, 2021)*
10.17						Second Amendment, dated as of May 4, 2022, to the Second Amended and Restated Credit Agreement, dated as of May 17, 2018, as amended by the First Amendment, dated as of April 30, 2021, by and among Edison International, the several banks and other financial institutions party thereto and JPMorgan Chase Bank, N.A., as administrative agent (File No. 1-9936, filed as Exhibit 10.1 to Edison International's Form 8-K dated and filed May 4, 2022)*
10.18						Third Amendment, dated as of May 3, 2023, to the Second Amended and Restated Credit Agreement dated as of May 17, 2018, as amended by the First Amendment, dated as of April 30, 2021 and the Second Amendment, dated as of May 4, 2022, by and among Edison International, the several banks and other financial institutions party thereto and JPMorgan Chase Bank, N.A., as administrative agent (File No. 1-9936, filed as Exhibit 10.1 to Edison International’s Form 10-Q for the quarter ended June 30, 2023)*
10.19						Second Amended and Restated Credit Agreement dated as of May 17, 2018 among SCE, the several banks and other financial institutions from time to time parties thereto, the several agents parties thereto and JPMorgan Chase Bank, N.A., as administrative agent for the lenders. (File No. 1-2313, filed as Exhibit 10.2 to SCE's Form 8-K dated and filed May 18, 2018)*
10.20						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 SCE's Form 8-K dated April 30, 2021 and filed May 6, 2021)*

Table of Contents

Exhibit Number						Description
10.21						Commitment Increase Supplement, by and among Southern California Edison Company and the lenders named therein, and accepted by JPMorgan Chase Bank, N.A., as administrative agent and the issuing lenders named therein. (File No. 1-2313, filed as Exhibit 10.3 to SCE's Form 8-K dated April 30, 2021 and filed May 6, 2021)*
10.22						Second Amendment, dated as of May 4, 2022, to the Second Amended and Restated Credit Agreement, dated as of May 17, 2018, as amended by the First Amendment, dated as of April 30, 2021, as supplemented by the Commitment Increase Supplement, dated as of April 30, 2021, 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 SCE's Form 8-K dated and filed May 4, 2022)*
10.23						Third Amendment, dated as of May 3, 2023, to the Second Amended and Restated Credit Agreement dated as of May 17, 2018, as amended by the First Amendment, dated as of April 30, 2021 and the Second Amendment, dated as of May 4, 2022, by and among Southern California Edison, 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 SCE’s Form 10-Q for the quarter ended June 30, 2023)*
10.24						Term Loan Credit Agreement dated as of December 23, 2025, among Edison International, the several banks and other financial institutions from time to time parties thereto and Wells Fargo Bank, National Association, as Administrative Agent (File No. 1-9936, filed as Exhibit 10.1 to Edison International’s Form 8-K dated and filed on December 23, 2025)*
10.25						Term Loan Credit Agreement, dated as of February 11, 2026, among Southern California Edison Company, the several banks and other financial institutions from time to time parties thereto and Wells Fargo Bank, National Association, as Administrative Agent (File No. 1-9936, filed as Exhibit 10.1 to Edison International’s Form 8-K dated and filed on February 11, 2026)*
19.1						Edison International Insider Trading Policy
21.1						Subsidiaries of the Registrants
23.1						Consent of Independent Registered Public Accounting Firm (Edison International)
23.2						Consent of Independent Registered Public Accounting Firm (Southern California Edison Company)
24.1						Powers of Attorney of Edison International and Southern California Edison Company
24.2						Certified copies of Resolutions of Boards of Edison International and Southern California Edison Company Directors Authorizing Execution of SEC Reports
31.1						Certifications of the Chief Executive Officer and Chief Financial Officer of Edison International pursuant to Section 302 of the Sarbanes-Oxley Act
31.2						Certifications of the Chief Executive Officer and Chief Financial Officer of Southern California Edison Company pursuant to Section 302 of the Sarbanes-Oxley Act

Table of Contents

Exhibit Number						Description
32.1						Certifications of the Chief Executive Officer and the Chief Financial Officer of Edison International required by Section 906 of the Sarbanes-Oxley Act
32.2						Certifications of the Chief Executive Officer and the Chief Financial Officer of Southern California Edison Company required by Section 906 of the Sarbanes-Oxley Act
97.1						Edison International and Southern California Edison Company Incentive Compensation Recoupment Policy For Accounting Restatements, as amended effective October 2, 2023 (File No. 1-9936, filed as Exhibit 97.1 to Edison International’s Form10-K for the year ended December 31, 2023)*
101.1						Financial statements from the annual report on Form 10-K of Edison International for the year ended December 31, 2025, filed on February 18, 2026, 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, 2025, filed on February 18, 2026, 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.

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SCHEDULES SUPPLEMENTING FINANCIAL STATEMENTS

EDISON INTERNATIONAL

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED BALANCE SHEETS

			December 31,
(in millions)			2025						2024
Assets:
Cash and cash equivalents			$	1					$	4
Other current assets			567						606
Total current assets			568						610
Investments in subsidiaries			23,276						20,630
Deferred income taxes			834						760
Other long-term assets			98						67
Total assets			$	24,776					$	22,067
Liabilities and equity:
Short-term debt			$	1,354					$	445
Current portion of long-term debt			—						800
Other current liabilities			676						639
Total current liabilities			2,030						1,884
Long-term debt			4,815						4,268
Other long-term liabilities			352						350
Total equity			17,579						15,565
Total liabilities and equity			$	24,776					$	22,067

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EDISON INTERNATIONAL

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED STATEMENTS OF INCOME

For the Years Ended December 31, 2025, 2024 and 2023

(in millions)			2025						2024						2023
Interest income			$	3					$	3					$	2
Operating, interest and other expenses			389						342						299
Loss before equity in earnings of subsidiaries			(386)						(339)						(297)
Equity in earnings of subsidiaries			4,835						1,610						1,498
Income before income taxes			4,449						1,271						1,201
Income tax benefit			(108)						(100)						(83)
Net income			4,557						1,371						1,284
Preferred stock dividend requirements of Edison International			98						87						87
Net income available to Edison International common shareholders			$	4,459					$	1,284					$	1,197

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CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

For the Years Ended December 31, 2025, 2024 and 2023

(in millions)			2025						2024						2023
Net income			$	4,557					$	1,371					$	1,284
Other comprehensive income, net of tax			6						9						2
Comprehensive income			$	4,563					$	1,380					$	1,286

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EDISON INTERNATIONAL

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2025, 2024 and 2023

(in millions)			2025						2024						2023
Net cash provided by operating activities			$	1,930					$	1,097					$	1,148
Cash flows from financing activities:
Long-term debt issued			544						1,049						1,549
Long-term debt issuance costs			(4)						(7)						(16)
Long-term debt repaid			(800)						(500)						(400)
Short-term debt issued			850						—						370
Short-term debt repaid			(101)						(15)						(1,356)
Common stock issued			5						12						20
Common stock repurchased			(32)						(200)						—
Preferred stock repurchased			(1,160)						(28)						(289)
Payable due to affiliates			—						—						(3)
Commercial paper borrowing, net of repayments			158						214						139
Payments for stock-based compensation			(21)						(24)						(5)
Receipts for stock-based compensation			22						206						71
Common stock dividends paid			(1,274)						(1,198)						(1,112)
Preferred stock dividends paid			(104)						(88)						(108)
Net cash used in financing activities			(1,917)						(579)						(1,140)
Cash flows from investing activities:
Capital contributions to affiliate			(16)						(516)						(15)
Dividends from affiliate			—						1						4
Net cash used in investing activities:			(16)						(515)						(11)
Net (decrease) increase in cash and cash equivalents			(3)						3						(3)
Cash and cash equivalents, beginning of year			4						1						4
Cash and cash equivalents, end of year			$	1					$	4					$	1

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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 $2.2 billion, $1.4 billion, and $1.4 billion in 2025, 2024, and 2023, respectively.

Dividend Restrictions

For information on Edison International Parent dividend restrictions, see "Notes to Consolidated Financial Statements—Note 1. Summary of Significant Accounting Policies—SCE Dividends" and "—Edison International Dividends."

Note 2. Debt and Equity Financing

Long-Term Debt

The following table summarizes Edison International Parent's long-term debt at December 31, 2025:

(in millions)
5.75% Senior Note due 2027			$	600
4.125% Senior Note due 2028			550
5.25% Senior Note due 2028			600
6.95% Senior Note due 2029			550
5.45% Senior Note due 2029			500
6.25% Senior Note due 2030			550
5.25% Senior Note due 2032			550
8.125% Junior Subordinated Note due 2053			500
7.875% Junior Subordinated Note due 2054			450

For information on Edison International Parent's material provisions on long-term debt and credit facility, see "Notes to Consolidated Financial Statements—Note 5. Debt and Credit Agreements—Liens and Security Interests" and "—Credit Agreements and Short-Term Debt."

Common and Preferred Stock

For information on Edison International Parent common stock and preferred stock, see "Notes to Consolidated Financial Statements—Note 14. Equity."

Note 3. Related-Party Transactions

Edison International's Parent expense from services provided by SCE was $2 million for the years ended December 31, 2025, 2024 and 2023. Edison International Parent's interest expense from loans due to affiliates was $2 million for the years ended December 31, 2025, 2024 and 2023. Edison International Parent had current related-party receivables of $565 million and $571 million and current related-party payables of $229 million and $186 million at December 31, 2025 and 2024, respectively. Edison International Parent had long-term related-party payables of $113 million and $98 million at December 31, 2025 and 2024, respectively. For a discussion of Edison International Parent's contribution to Edison International Foundation for the years ended December 31, 2025, 2024 and 2023 see "Notes to Consolidated Financial Statements—Note 17. Related Party Transactions."

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."

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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 18, 2026						Date:			February 18, 2026

Table of Contents

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
Jennifer M. Granholm*						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 18, 2026			Date:			February 18, 2026