UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
Commission |
| Exact Name of Registrant |
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| IRS Employer |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
Edison International:
Southern California Edison Company: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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.
Item 8.01 Other Events
On December 22, 2023, the Energy Division of the California Public Utilities Commission approved Southern California Edison’s advice letter to adjust its authorized cost of capital for 2024. SCE’s capital structure and rate of return for 2023 and 2024 are set forth in the table below
Capital Structure | 2023 CPUC Authorized Cost of Capital | 2024 CPUC Authorized Cost of Capital | |
Long-Term Debt | 43.00% | 4.39% | 4.48% |
Preferred Equity | 5.00% | 6.50% | 7.02% |
Common Equity | 52.00% | 10.05% | 10.75% |
Rate of Return | 7.44% | 7.87% |
Consistent with its past practice, Edison International will provide 2024 EPS guidance on its fourth quarter 2023 earnings call.