lot, Well, and everyone. afternoon, good thanks a Sam,
begin comments. would three I with to like financial
First, driven by June. EIX’s performance through impressive
core of in confident guidance $X.XX EPS are $X.XX. and our We XXXX
our committed fully remain to target we Second, business upside. X% incorporates tailwinds from not in which all significant X% headwinds, XXXX. potential delivering confident growth present could XXXX This factor known and deeply target of does to but to long-term in EPS
strength investment X% EPS the share for XXXX on based $X earnings which towards are in XXXX, and growth XXXX. other per provides potential SCE’s Third, XXXX, application, opportunities, guidance GRC or of of to providing we X% the path
essential California's investments Underpinning this energy advance the rate-based to by the is driven growth transition. clean
customers these future. the California's for and lowest investor-owned foreseeable Importantly, the system average SCE’s maintain among rates for actions will leadership cost utilities
it later. I and We about more this are very commitment of show proud will
grid due readiness today grid resiliency and season second positioned its is investments make the application; in hardening well for in is the GRC the to front, XXXX to messages and are: first prepared but, SCE actions. two as its strategically On operational SCE wildfire my substantial the reliability, of outlined key successful
sustainability as do Edison to the core transition. the forefront that that energy International emphasize also clean will at everything I remains is we that
XXXX in Please turn grid and The widespread to Reliable, the of Page safety to and and overarching meet decarbonization objectives X. On is ready, integrity its customers’ support to grid the so protect to and to that the meet May and future. are reliable resilient ready. public ready SCE today GRC application. filed electrification can gas it needs XX goals. greenhouse California's Resilient the the needed reduction ensure ambitious
Mindful reflects the facing — climate in of These targets” for California’s they most GHG-reduction is fabric of of economy, electrify when crisis, the inaction not confronting frameworks. growth demand embedded which costs the the goals are in decades. swaths just important rapidly of electricity GRC global SCE’s “stretch deeply the state fastest the that longer-term urgent vast need to and policy are legislative
these requested XX%. revenue rate about over meet To billion; average of increase residential rates. of $XX.X bill average of of an objectives, system total that’s requirement base a an billion customer increase This or XX% XXXX represents SCE and a also X% increase XXXX $X.X
California's XXXX achieving on XXXX system. investments will mitigation the to substantial the The to continue and address make be risk XXXX wildfire wildfire goals. will period to XXXX remaining climate through critical SCE in
company SCE’s of applications always top-of-mind a the replacement returning are operational any themes up in are to reliability. and need work, to to for affordability runs. how levels also is ramp safeguard excellence There key and Those infrastructure historical replacement Two in customers. proactive of
for we that continuously borne by investments gain look customers, save in money. grid so We recognize the customers efficiencies to ways and are the
data of to challenges quality. wildfire into In highest mitigation technology to has XXXX, risk priority advancing SCE capabilities including intelligence artificial began operations. been SCE its some in and building technology and integration apply its of its the
that the or process other T&D The of to SCE arms outages to detect as lead risks is like images failure and identify and asset fire its develop has now and efficiently scan refine the and prioritize to data could better leveraging implemented several images, more enhance operate other aerial ignitions. defects cross hardening models other these grid, that algorithms and computer inspection can utility efforts. part spread algorithms broken data, to vision modeling, grid predictive
intelligence, execution, efficiencies around such on Building its leveraging and tools the support in its grid efforts functions. ramping customer and mobile and solutions, automation further experience, this up and artificial as driving robotic is SCE integrated process planning
Examples first in speech proactively drafts and cost, leveraging generative AI most before include communications to from create them of inspections; data focus lowest image them to predicting fill the call surveys they and issues automatically responses. the everything and request to recognition inspections to and customer channel; effective addressing or out diverting using
really mover proud goals. affordability that operational is I’m an implementing furthers in technology that SCE early and excellence new its
Events. page CPUC me to I let the Wildfire TKM with application and finishing the under cost will excluding Division. the recovery, to in on Mudslide brief file cost on X, Turning the SCE XXXX putting agreement already August. is that SCE foregone full a and expects or seek give and amounts Enforcement update Safety XXXX touches and reiterate recovery you recovered
full that authorize interest SCE case its strong, will recovery. it that its to is show it public system compelling in cost and operated prudently the
equipment season, confidence wildfire associated with Looking grow. in its wildfires to at continues this SCE's mitigating year’s
now SCE years has XXX couple X,XXX circuit bare approximately years, Over of of with per the wire conductor has deployed covered and miles miles past covered the inception four a a around conductor replaced at of this program nearly since half month of ago. rate and
and XXX-degree measure, hardening structures risk each grid represent fire of transmission distribution XX% repairs CPUC-endorsed to inspections peak year of prior season and replacements. to this performs to SCE up that its and completes addition In
that into trees equipment trees pose approximately locations. XXX,XXX annually XXX,XXX. SCE fire the of electrical continues inspect XXXX, SCE vegetation in its management trees inspecting are threat mitigating in area highest-risk service of a high falling risk X.X than areas. million to robust programs, and typically More half across those plans In over the SCE’s
me conductor. covered not have how give points proof of been ignitions due impacts. all any is you ignitions working of there and let reduce fewer XXXX on some other in to segments, well and XXXX XXXX. this shown X. to than structures fewer and destroyed statistics On XX% failure and burned are acres In page numerous XXXX, and were their These there Now covered fully XX%
as has since relative Incorporating HD data AB X. the wildfires it latest pre-XXXX insurance-industry catastrophic As approach by industry-leading Wildfire on the reduced Model, into Moody’s estimate of rigorous, modeling North wildfires by highlighted losses SCE’s from page now defined catastrophic probability from compared SCE probability uses of to the XXXX. mitigation levels, XXXX, has SCE America estimates losses thresholds RMS a the XX%, to to
anticipates only from Importantly, since expected to be hardened XX%. to has public hardening shutoffs completing the its you page and X. SCE grid its is SCE decline continues mitigation down the work of and targeted with see by undergrounding contribution now been beginning in XXXX, can flagship year-end, end on of measure XXXX. XX% of by which conductor, ramping expeditiously safety covered distribution HFRA XXXX, its power largely lines in
pleased fire the continue for crews substantial to original climate proposal catastrophic and California resiliency aerial forest We of reducing that state wildfires that the were funding the to $X.X risk in of and restoring Meanwhile, forest was of conditions. maintained investments face including FIRE approved of years budget suppression, to allocate over health CAL XX% the continues and resources. four billion, extreme the to critical wildland State
XX% XXXX in context, To what the then. the since the CAL was put to’XX staffing commitment enacted by double in billion is budget originally and XXXX FIRE’s budget FIRE to state’s total CAL of increased $X.X has ‘XX
Edison International the forefront of net-zero remains and continue and strategy on the clean we execute energy our to commitment. at transition
confident the lead ways, in the effectively. strength of challenge our As affordably am continues climate transition in to our I change to and world unprecedented team
to in net-zero electricity our climate for powered paving We’re and customers XXX% adapting carbon-free emissions. by the way future and change, reaching supporting a system
While the our encourage and our commitments. you sustainability. accomplishments, read long, our road XXXX commitment our urgency about Report to ESG for I ongoing long-term demonstrates to Sustainability sense XXXX progress would our and goals, is of details ahead
few charging just XXX to X customers and vehicles, than for X: installed to electric to highlight contracted these and or power storage. medium- commitments than on more and add me covered XXXX, In are more infrastructure XX% a carbon-free heavy-duty energy enable customers, vehicle Let electric SCE delivered X,XXX and of pages installed megawatts
portfolio more X,XXX energy totaled of in megawatts, the than storage year-end, largest SCE’s one the By nation.
partnerships and to these Our are to team coalitions address support initiatives way to forge our on internationally and climate continues to stakeholders. we nationally and lead and change the proud
Our future us. powered upon is by electricity clean
this we reality stand a reliably, to sustainably. we going future ready and fully do to are So that make affordably, and
Maria. that, let turn over With to me it
