Southern California Edison

What Southern California Edison does

Southern California Edison (SCE) is a regulated investor-owned electric utility serving approximately 15 million customers across Central, Coastal, and Southern California. Founded in 1886 and headquartered in Rosemead, California, SCE operates as a wholly-owned subsidiary of Edison International (NYSE: EIX) and generates revenue primarily through regulated electricity transmission and distribution services authorized by the California Public Utilities Commission. The company has announced a $28-29 billion four-year capital plan through 2028 and is part of a broader $38-41 billion Edison International capital plan through 2030 focused on grid modernization, wildfire mitigation, and clean energy infrastructure.

SCE's core product is regulated electricity delivery, augmented by a portfolio of customer programs including the Charge Ready EV charging infrastructure program, CARE and FERA discounted rates for income-qualified households, the Energy Savings Assistance Program, the Solar Billing Plan for net energy metering, the Self-Generation Incentive Program for battery storage rebates, the Wildfire Recovery Compensation Program for fire victims, SmartMeter advanced metering, and Time-of-Use rate plans. The company has deployed applied AI capabilities including physics-informed digital twins with ThinkLabs AI on Microsoft Azure for distribution network modeling and Oak Ridge National Laboratory's AI-powered wildfire detection platform, alongside a strategic intelligent grid collaboration with NVIDIA. Approximately 7,000+ miles of covered conductor have been installed for grid hardening, and SCE has signed 15-year power purchase agreements with developers including Fervo Energy, Masdar, EDF Power Solutions, and Chrysalis Renewables for geothermal, solar, and battery storage capacity.

The business model is built on regulated rate base growth: revenue is set through CPUC general rate cases with authorized returns on capital deployment, financing is executed through mortgage bond issuances (including $1.5B in January 2025, $500M in September 2024, and $500M in May 2026) and term loan facilities (including a $1.5B agreement in February 2026). Customer rates have risen 83-97% over the 2014-2026 period. The company faces significant liability exposure from the January 2025 Eaton Fire, which destroyed over 9,400 structures and killed 19 people; SCE has acknowledged its equipment likely caused the fire, faces nearly 1,000 lawsuits and a U.S. Department of Justice action, with analyst estimates of $1.5-3.7 billion in total exposure, against which it has extended over $700 million in compensation offers to more than 5,000 claimants.

Name

Southern California Edison

Legal name

Southern California Edison Company

Website

https://sce.com

Company type

Private

Founded year

1886

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Southern California Edison (SCE) is a regulated investor-owned electric utility, wholly-owned subsidiary of Edison International, serving approximately 15 million residential, commercial, industrial, and governmental customers across Central, Coastal, and Southern California through CPUC-authorized transmission and distribution services.

Ownership category

akta.pro rank

Product category

Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Distribution (221122)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control) (EUAMAIAI)

akta.pro secondary industry

Renewable Forecasting & Meteorological Data Services (Solar/Wind Forecasts, Nowcasting) (EUAMAIAH)

Keywords

• Electric utility services
• Electricity transmission distribution
• Wildfire mitigation programs
• Energy efficiency rebates
• EV charging infrastructure

Headquarters

HQ city

Rosemead

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Others, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Transmission and Distribution: SCE generates revenue through regulated electricity transmission and distribution services to approximately 15 million customers. Revenue is determined by the California Public Utilities Commission through general rate cases, with authorized returns on rate base investments. The company has a $38 billion to $41 billion capital plan through 2030 focused on grid infrastructure supporting clean energy goals.
2. Debt Financing and Bond Issuances: SCE raises capital through mortgage bond issuances and term loan agreements. Recent transactions include $1.5 billion in mortgage bonds (January 2025), $500 million in mortgage bonds (September 2024), and a $1.5 billion term loan agreement (February 2026) for general corporate purposes and repayment of existing facilities.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Southern California Edison is a regulated investor-owned electric utility that transmits and distributes electricity to approximately 15 million residential, commercial, industrial, and governmental customers across Central, Coastal, and Southern California under CPUC oversight. The company provides grid infrastructure services, customer programs including EV charging deployment, income-qualified discounted rates, energy efficiency upgrades, solar net metering, battery storage rebates, and advanced metering infrastructure supporting time-of-use rate plans. SCE also operates wildfire safety programs including grid hardening, public safety power shutoffs (PSPS), and a Wildfire Recovery Compensation Program for fire victims.

Product overview

Southern California Edison (SCE) operates as an investor-owned electric utility serving approximately 15 million customers across Central, Coastal, and Southern California. Rather than a unified software platform, SCE's offerings comprise a portfolio of customer programs including the Charge Ready EV charging infrastructure program, CARE and FERA discounted rate programs for income-qualified customers, the Energy Savings Assistance Program providing free efficiency upgrades, the Solar Billing Plan for net energy metering, the Self-Generation Incentive Program for battery storage rebates, the Wildfire Recovery Compensation Program for fire victims, SmartMeter advanced metering infrastructure, and Time-of-Use rate plans for dynamic electricity pricing. SCE also provides outage management services including PSPS (Public Safety Power Shutoffs) for wildfire prevention and maintains a Wildfire Safety program with grid hardening and vegetation management initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Charge Ready Program EV charging infrastructure program assisting businesses and property owners in deploying EV charging stations by providing financial incentives, equipment, and technical support for installation.
• CARE & FERA Discounted electricity rate programs for income-qualified households to help lower monthly energy costs.
• Energy Savings Assistance Program Program providing free energy-efficient home upgrades including refrigerators, freezers, and evaporative coolers to eligible households to reduce electricity usage.
• Solar Billing Plan Net energy metering program that modernizes solar rates, promotes grid reliability, and provides incentives for homeowners to install solar and battery storage systems.
• Self-Generation Incentive Program Rebate program for battery storage systems to help customers manage energy use and costs efficiently.
• Wildfire Recovery Compensation Program Voluntary claims program providing direct payments and expedited resolution to eligible individuals and businesses impacted by the Eaton Fire, designed to deliver faster compensation than traditional litigation.
• SmartMeter Advanced metering infrastructure enabling time-of-use rate plans, automated outage detection, and detailed energy usage tracking for customers.
• Time-of-Use Rate Plans Electricity pricing plans that vary by time of day, offering lower rates during off-peak hours to incentivize load shifting and grid optimization.
• Critical Care Backup Battery Program Program providing backup power source for medical equipment customers during outages.

Quantifiable outcome

• 7,000+ miles of covered conductor installed for wildfire risk reduction
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Chrysalis Renewables LPcoreStrategic or Co-development Partner · 19 June 2026Chrysalis Renewables, backed by Morrison, acquired Atlas V and Atlas VI solar projects (357 MWdc) in Arizona under strategic partnership with Hanwha Renewables LLC. Both projects have 15-year PPAs with SCE and use Qcells modules manufactured domestically.
• Hanwha Renewables LLCcoreStrategic or Co-development Partner · 19 June 2026Strategic partnership with Chrysalis Renewables for deployment of over 3.5 GW of solar and battery energy storage across North America. Hanwha's Qcells subsidiary provides domestically manufactured solar modules and EPC services from Georgia facility.
• MasdarcoreStrategic or Co-development Partner · 8 June 2026Masdar (Abu Dhabi Future Energy Company) signed 15-year PPAs with SCE for BigBeau Solar+Storage Project output (128 MWac solar with 40 MW/160 MWh battery storage) in Kern County, California. Project began supplying electricity to SCE on February 1, 2026.
• EDF Power Solutions North AmericacoreStrategic or Co-development Partner · 5 June 2026EDF Power Solutions signed 15-year PPAs with SCE for BigBeau Solar+Storage output. The project is part of an 8-project, 1.6 GW partnership between EDF and Masdar covering solar and wind assets.
• Fervo EnergycoreStrategic or Co-development Partner · 19 March 2026Fervo Energy has PPAs with SCE for 320 MW of geothermal power from Cape Station project in Utah. The project is fully contracted under power purchase agreements with SCE, Shell Energy, and community choice aggregators, demonstrating enhanced geothermal systems' bankability.
• ICFminorImplementation/ SI/ Consulting Partner · 19 February 2026ICF was awarded a multi-million dollar contract amendment by SCE to expand its role in the agricultural energy efficiency program in California, helping agricultural customers reduce energy costs and adopt advanced technologies.
• ThinkLabs AIcoreTechnology or Integration · 8 January 2026ThinkLabs AI collaborated with SCE to deploy physics-informed AI digital twins on Microsoft Azure for modeling and analyzing electric distribution networks. The technology produces engineering reports in under 90 seconds and processes full year hourly power-flow data in under 3 minutes across 100+ circuits.
• NVIDIAcoreTechnology or Integration · 19 December 2025SCE and NVIDIA launched an 'intelligent grid collaboration' to develop AI-based solutions for grid planning and management. Focus areas include enhancing customer load interconnection, improving asset and vegetation inspections, and strengthening incident management during power disruptions.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Others

• Edison International: Public parent company of SCE, traded on NYSE under EIX, consolidating SCE's regulated utility operations and capital-raising activities. Provides direct read-through to SCE's earnings, balance sheet, and capital structure.

Regional players

• Consolidated Edison: Regulated electric, gas, and steam utility serving New York City and Westchester. Comparable regulated monopoly business model and urban service-territory profile, though primarily T&D focused with different state regulatory environment.

Direct peers

• San Diego Gas & Electric: Third major California IOU with overlapping CPUC oversight, similar wildfire risk in its service territory, and comparable regulated T&D business model. SDG&E is a direct peer operating under the same regulatory framework as SCE with similar grid-hardening and PSPS operational profiles.
• Pacific Gas and Electric Company: California's largest investor-owned utility, also serving millions of customers with regulated T&D services and facing comparable wildfire liability exposure. PG&E is the most direct peer to SCE, sharing the same CPUC regulator, wildfire-risk profile, and capital-intensive grid-modernization mandate.

Broad incumbents

• Dominion Energy: Large US utility with regulated electric T&D operations in Virginia and the Carolinas, comparable in scale and regulated-monopoly business model. Similar capital plan approach to grid modernization and renewable integration, though operating under different state regulators.
• NextEra Energy: Largest US electric utility holding company by market cap, combining regulated Florida Power & Light operations with the world's largest renewable generation portfolio. Highly comparable in regulated T&D scale and exposure to renewable PPAs, though FPL operates in a more favorable regulatory environment.
• American Electric Power: Largest US transmission owner with regulated operations across 11 states. Particularly comparable for transmission-scale capital plans and grid-modernization investments, though operating across multiple state regulatory jurisdictions rather than a single dominant territory.
• Southern Company: Vertically integrated US electric utility holding company with regulated T&D subsidiaries across multiple Southeastern states. Comparable scale of regulated rate base and customer count, with similar capital plan execution profile though different regulatory jurisdictions.
• Duke Energy: Large multi-state US electric utility with regulated T&D operations across the Southeast and Midwest. Comparable scale of customer base, regulated rate-base model, and capital-intensive grid investment, though serving different geographies and regulatory frameworks.
• Xcel Energy: Multi-state regulated electric and gas utility serving the Upper Midwest and Western US. Comparable regulated T&D scale and clean-energy transition capital plans, with operations in Colorado overlapping California's renewable-integration regulatory priorities.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/SCE
• YouTubeyoutube.com/sce
• Facebookfacebook.com/sce
• LinkedInlinkedin.com/company/sce
• Instagraminstagram.com/SCE

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Southern California Edison