SCE Q3 1105

Southern California Edison from 2021 to 2023 plans to invest between $5 billion and $6 billion annually in capital expenditures aimed at improving grid safety and reliability. Regulators approved the first track of SCE's general rate case in August, freeing the company to move forward with the investments.

Edison International, the parent company of Southern California Edison, on Nov. 2 reported a net loss of $341 million, or 90 cents per share, for the third quarter, with adjusted core earnings of $644 million, or $1.69 per share.

Comparisons with the third quarter of 2020 are not meaningful, Edison International President and CEO Pedro Pizarro said during a conference call to discuss third-quarter earnings, because SCE recorded a true-up in the quarter just ended, reflecting the California Public Utilities Commission's final decision in Track 1 of the utility's general rate case, which is retroactive to Jan. 1.

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Associate Editor - California Energy Markets

Abigail Sawyer grew up in northwestern New Mexico near two massive coal-fired power plants. She spent many hours gazing out the car window at transmission lines on family road trips across the Southwest and now reports on the region from San Francisco.