Investment Thesis
Edison International is the parent of Southern California Edison, a regulated electric utility focused on grid resiliency and clean energy integration. Wildfire mitigation and infrastructure investment underpin earnings growth.
- Decarbonization Mandate: California policy drives electrification and renewable integration.
- Grid Hardening: Covered conductor, sectionalization, and undergrounding reduce wildfire risk.
- Constructive Regulation: Cost-recovery mechanisms support multi-year capex plan.