Reports Q1 revenue $3.97B, consensus $4.25B. "We are pleased with our start to the year and are confident in affirming our 2023 core EPS guidance range," said Pedro J. Pizarro, CEO. "We continue to see a number of positives for the company in the near term and long term, which make us excited for the company’s future. In the near term, SCE continues its diligent execution of its Wildfire Mitigation Plan and has reduced the probability of losses from catastrophic wildfires by 75% to 80% compared to pre-2018 levels, predominantly from grid hardening measures that allow the utility to mitigate risk while keeping electricity flowing to customers. In the long term, transportation electrification is a key driver of SCE’s investment in the grid and for enabling customer affordability. We are already seeing customers start to embrace and adopt electric vehicles today – including operators of medium- and heavy-duty vehicle fleets."
Published first on TheFly
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