EIX · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

EDISON INTERNATIONAL · 2026-10-29 · Importance 51 · Surprise 42 · No source text

At September 30, 2026, SCE had $119 million of cash and cash equivalents, $109 million of restricted wildfire self-insurance cash, and approximately $3.2 billion available under its $3.4 billion revolving credit facility, extended through May 2030. SCE issued approximately $2.0 billion of securitized recovery bonds in July 2026, using proceeds to repay a $1.5 billion term loan and retire other long-term debt financing wildfire costs; it also issued $1.7 billion of first and refunding mortgage bonds during the first nine months. Edison International Parent had $52 million of cash and approximately $1.4 billion available under its $1.5 billion revolving facility, and issued $550 million of 4.80% notes due 2031 and $500 million of 5.00% notes due 2028. SCE and Edison International Parent reported debt-to-capitalization ratios of 0.55 and 0.64, respectively, and were in compliance with applicable financial covenants.

Key facts

• In June 2026, Edison International Parent extended its credit facility through May 2030, with an option to extend it for one additional year with lenders' approval. source
• Edison International Parent's revolving credit facility maximum principal amount may be increased to $2.0 billion if additional lender commitments are obtained. source
• During 2026, Edison International Parent issued $550 million of 4.80% senior notes due in 2031 and $500 million of 5.00% senior notes due in 2028. source
• At September 30, 2026, Edison International Parent had approximately $1.4 billion available to borrow on its $1.5 billion revolving credit facility. source
• As of October 22, 2026, Edison International Parent's long-term issuer ratings were Baa2 from Moody's, BBB from Fitch, and BBB- from S&P; Moody's outlook was Stable and Fitch's and S&P's were Negative. source
• At September 30, 2026, Edison International Parent and Other had cash and cash equivalents of $52 million. source
• Edison International Parent expects to fund its net cash requirements over the next 12 months through cash on hand, dividends from SCE, and capital market and bank financings. source
• Edison International Parent's consolidated debt-to-total-capitalization covenant limit is 0.70 to 1; its ratio was 0.64 to 1 at September 30, 2026. source

Impact estimates