EIXEdison International

2 paragraphs in Risk Factors of the 10-K filed Feb 18, 2026 with nothing like them in the 10-K filed Feb 27, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.

Compared with the Risk Factors in the latest 10-K of the other 30 Utilities companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.

The CPUC or the FERC may not allow SCE to recover costs on the basis that such costs were not reasonably or prudently incurred or for other reasons. Further, SCE may incur expenses before the relevant regulatory agency approves the

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and/or regulatory exposure, all of which could materially affect Edison International’s and SCE's financial condition, operations, and the business reputation of Edison International and SCE.

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New in the latest 10-Q

11 paragraphs in the 10-Q filed Oct 29, 2026 with nothing like them in the 10-Q filed Jul 30, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.

10-Q

• Net charges of $76 million ($39 million after-tax) recorded in 2025, primarily related to an $88 million impairment of utility property, plant and equipment associated with historical capital expenditures disallowed in SCE's 2025 GRC final decision, mainly related to the rooftop solar photovoltaic program. This was partially offset by the recognition of a $12 million clean energy subsidy previously received for this program.

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• A decrease in revenue of $330 million associated with the 2025 GRC final decision, primarily reflecting higher revenue recognized in the third quarter of 2025 upon implementation of the decision, which was retroactive to

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January 1, 2025, partially offset by an increase in revenue from the 2026 escalation mechanism set forth in the decision.

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• $266 million primarily related to wildfire claim costs recorded in 2025 for the Eaton Subrogation Settlement. These costs were covered by customer-funded wildfire self-insurance and expected FERC recovery (both offset in "Operating Revenue" above);

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• $240 million primarily related to wildfire claim costs recorded in 2025 for the Eaton Subrogation Settlement. These costs were covered by customer-funded wildfire self-insurance and expected FERC recovery (both offset in "Operating Revenue" above);

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The following table summarizes SCE's current long-term issuer credit ratings and outlook from the major credit rating agencies as of October 22, 2026:

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The following table summarizes Edison International Parent's current long-term issuer credit ratings and outlook from the major credit rating agencies as of October 22, 2026:

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or other measures will be adopted. In addition, material utility liability exposure arising from the outcome of investigations into various wildfire events or associated settlements, litigation outcomes, fines, or penalties, or a determination that the Wildfire Fund is at risk of material depletion, may lead credit rating agencies to downgrade Edison International Parent's credit ratings.

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2 Includes $ 236 million recorded in 2026 upon regulatory approval to return the net proceeds, with interest, to customers from the 2025 monetization of investment tax credits generated by utility-owned energy storage projects and nuclear production tax credits.

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2 In the third quarter of 2025, SCE recorded $ 300 million in losses related to the Eaton Subrogation Settlement, including accrued estimated losses. Of these accrued estimated losses, $ 5 million was deferred as a FERC regulatory asset, eligible to be included in FERC rates when the losses are paid. As a result, wildfire-related claims reported on SCE's condensed consolidated statements of income was $ 295 million for the three and nine months ended September 30, 2025.

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1 As of September 30, 2026, SCE has received $ 207 million from the Wildfire Fund. Short-term receivables from Wildfire Fund recoveries are included in "Other current assets" and long-term receivables from Wildfire Fund recoveries are included in "Long-term insurance receivables" on the condensed consolidated balance sheets.

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The 10-Q's risk factors against the 10-K

Item 1A of the 10-Q filed Oct 29, 2026 against Item 1A of the 10-K filed Feb 18, 2026. A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed. Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed, Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal (cut words struck through, new words highlighted and underlined). Text on the page, not a score; each links to the filing at sec.gov.

This 10-Q has no Item 1A (Risk Factors) text of its own, so there is nothing to compare. Many companies leave it out when their risks have not changed.