Edison International shows steady profit growth thanks to rising electricity rates

Edison International surpassed profit expectations for the first quarter, benefiting from a rise in electricity rates. American electric companies are looking to increase electricity rates due to high demand from data centers, national manufacturing growth, and extreme weather events. Southern California Edison, a subsidiary of Edison International, reported a base profit of $1.65 per share for the first quarter.

Regulated public utilities like Southern California Edison determine customer rates for electricity, natural gas, water, and steam. Electricity consumption in the U.S. reached a record level in 2025 and is expected to continue rising until 2027, driven by data centers, cryptocurrencies, and increased electrification. Rosemead’s public service in California posted an adjusted profit of $1.42 per share for the quarter ending on March 31.

Edison recently had a shareholder lawsuit dismissed, alleging the company misled investors about its ability to reduce forest fire risk before the fires in the Los Angeles region in January 2025. The utility company reaffirmed its adjusted profit forecast for 2026, expected to be between $5.90 and $6.20 per share.