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SCE 8-K Filings

SCE

Every 8-K that SCE (SCE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow SCE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SCE filings page.

Rhea-AI Summary

Southern California Edison Company (SCE) and its parent, Edison International, reported third-quarter 2026 results. Edison International's operating revenue was $4.886 billion, compared with $5.750 billion a year earlier. Its core EPS was $1.92 versus $2.34, while SCE's core EPS was $2.14 versus $2.58. Edison International's GAAP EPS was $1.88 versus $2.16, and net income available to its common shareholders was $724 million versus $832 million. Management attributed SCE's lower core EPS primarily to earnings recognized in third-quarter 2025 upon implementation of the 2025 General Rate Case decision, partly offset by higher revenue under its escalation mechanism.

Edison International reaffirmed 2026 core EPS guidance of $5.90 to $6.20 and its target of 5% to 7% core EPS growth from 2025 through 2030. SCE's 2026–2030 capital expenditure plan is approximately $38 billion to $41 billion. SCE reported that it had hardened approximately 90% of its distribution system in high fire risk areas and completed more than 7,200 miles of covered conductor.

Rhea-AI Summary

Edison International reported strong second‑quarter 2026 results, with net income of $534 million and GAAP EPS of $1.39, up from $343 million and $0.89 a year earlier. Core earnings were $592 million, or $1.54 per share, versus $374 million, or $0.97 per share, reflecting prior regulatory decisions and lower preferred dividends.

For the first half of 2026, core EPS reached $2.97 compared with $2.34 in 2025. The company reaffirmed 2026 core EPS guidance of $5.90–$6.20 and long‑term core EPS growth of 5–7% from 2025–2030, supported by a $38–$41 billion 2026–2030 capital plan and projected ~7% rate‑base growth. SCE has hardened about 90% of its high fire risk area distribution system, including nearly 7,200 miles of covered conductor, and continues wildfire recovery, having offered more than $775 million to Eaton Fire community members through its Wildfire Recovery Compensation Program. Management also highlights legislative and regulatory uncertainty around wildfire liability and affordability, which could affect future financing costs and how capital is prioritized.

Rhea-AI Summary

Southern California Edison Company agreed on May 4, 2026 to sell $500,000,000 principal amount of its 4.95% First and Refunding Mortgage Bonds, Series 2026B, due 2031. These bonds are long-term secured debt of the utility. Further details are provided in the attached underwriting agreement, supplemental indenture, officer certificate, and legal opinion exhibits.

Rhea-AI Summary

Edison International reported first‑quarter 2026 net income of $531 million, or $1.38 per share, compared with $1,436 million, or $3.73 per share, a year earlier, mainly because 2025 included large wildfire‑related recoveries classified as non‑core.

Core earnings rose to $546 million, or $1.42 per share, from $528 million, or $1.37, reflecting the 2025 general rate case decision and lower preferred dividends, partially offset by higher interest expense. Revenue increased to $4.1 billion from $3.8 billion.

The company affirmed its 2026 core EPS guidance of $5.90–$6.20 and reiterated an expected 5–7% core EPS growth rate from 2025–2030, supported by a planned $38–$41 billion capital program and about 7% annual rate base growth, with no new common equity issuance anticipated through 2030.

Rhea-AI Summary

Southern California Edison Company agreed to sell $600,000,000 principal amount of 5.15% First and Refunding Mortgage Bonds, Series 2024D, due 2029, and $600,000,000 principal amount of 4.80% First and Refunding Mortgage Bonds, Series 2026A, due 2033. These long-term bonds lock in fixed interest costs at 5.15% and 4.80% for the respective maturities. Additional details, including final terms and conditions, are contained in the related underwriting agreement, supplemental indentures, officer certificate and legal opinion listed in the exhibit index.

Rhea-AI Summary

Southern California Edison Company entered into a new Term Loan Credit Agreement providing up to $1.5 billion in term loans maturing on March 22, 2027. The loans bear interest at either term SOFR plus 1.00% or a base rate plus 0.0% and may be prepaid at any time without premium or penalty.

SCE plans to use the proceeds for general corporate and working capital purposes, including repaying all borrowings under its prior $300 million unsecured term loan with Wells Fargo, which was terminated concurrently without early termination penalties. The agreement includes customary covenants and requires SCE to keep its consolidated total indebtedness to consolidated capital ratio at or below 0.65 to 1.0.

Rhea-AI Summary

Edison International reported a sharp jump in 2025 results, with full-year GAAP earnings of $4,459 million, or $11.58 per share, up from $3.33 per share in 2024, and core EPS of $6.55 versus $4.93. Fourth-quarter 2025 GAAP EPS was $4.80 and core EPS $1.87.

Revenue rose to $19.3 billion from $17.6 billion, helped by the 2025 general rate case decision and wildfire cost-recovery settlements. The company introduced 2026 core EPS guidance of $5.90–$6.20 and 2027 of $6.25–$6.65, reaffirmed a 5–7% annual core EPS growth target through 2030, and outlined a $38–$41 billion 2026–2030 capital plan driving roughly 7% rate base growth. Management highlighted no expected equity issuance through 2030, continued wildfire mitigation spending, unresolved Eaton Fire claims, and a quarterly dividend of $0.8775 per share.

Rhea-AI Summary

Southern California Edison Company entered into a new Term Loan Credit Agreement providing up to $300 million in term loans maturing on March 11, 2027. The loans can be prepaid at any time without premium or penalty, giving the company flexibility in managing this debt.

The term loans bear interest at either term SOFR plus a 1.00% margin or a base rate plus a 0.0% margin. Southern California Edison expects to use the proceeds for general corporate and working capital purposes, which may include repaying other debt.

The agreement includes customary provisions and one financial covenant requiring a consolidated total indebtedness to consolidated capital ratio not exceeding 0.65 to 1.0 at each quarter-end. Existing relationship banks, including Wells Fargo as Administrative Agent, are also lenders under the company’s and its parent’s revolving credit facilities.

Rhea-AI Summary

Southern California Edison Company, through its affiliate SCE Recovery Funding LLC, issued $1,642,716,000 of Senior Secured Recovery Bonds, Series 2025-A. The bonds were issued on December 1, 2025 under an Indenture and a Series Supplement, both dated the same day and attached as exhibits.

The bonds were offered under a Prospectus dated November 20, 2025. In connection with the issuance, Southern California Edison Company and the issuing entity entered into a Recovery Property Servicing Agreement, a Recovery Property Purchase and Sale Agreement, an Administration Agreement and an Intercreditor Agreement, each dated December 1, 2025, which are also filed as exhibits.

Rhea-AI Summary

Southern California Edison Company and SCE Recovery Funding LLC entered into an Underwriting Agreement with a syndicate of underwriters led by Citigroup, Barclays, RBC Capital Markets and SMBC Nikko. The agreement covers the purchase and sale of $1,642,716,000 of Senior Secured Recovery Bonds, Series 2025-A, to be issued by SCE Recovery Funding LLC under an Indenture and Series Supplement, each dated as of December 1, 2025. The bonds were offered pursuant to a prospectus dated November 20, 2025, and related servicing, purchase and sale, administration and intercreditor agreements between SCE and the issuing entity are being executed in connection with this financing.

Rhea-AI Summary

Southern California Edison Company announced that it has begun a cash tender offer to purchase any and all of the outstanding 5.45% Fixed-to-Floating Trust Preference Securities issued by SCE Trust V, its Delaware statutory trust subsidiary.

The offer commenced on November 20, 2025 and is scheduled to expire on December 19, 2025 at 5:00 p.m., New York City time, unless it is earlier extended or terminated. The company has filed a tender offer statement on Schedule TO, and holders are directed to the offer to purchase, letter of transmittal and related materials for the full terms and conditions. The company, its directors and the trust do not make any recommendation about whether holders should tender their securities.