Edison International Raises Common Stock Dividend 11.5 Percent; 14th Consecutive Annual Increase

Southern California Edison declares preferred stock dividends

ROSEMEAD, Calif.–(BUSINESS WIRE)–Edison International (NYSE: EIX) today declared a quarterly common stock
dividend of $0.605 per share, payable on January 31, 2018, to
shareholders of record on December 29, 2017. This action increases the
annual dividend by $0.25 per share for the fourth year in a row. The
2018 annual dividend rate will be $2.42 per share, an increase of 11.5
percent from the current annual dividend rate of $2.17 per share.

“With this action today, we are taking another meaningful step in
raising our dividend towards the upper end of our target payout ratio of
45 to 55 percent of Southern California Edison earnings for Edison
International,” said Pedro Pizarro, president and CEO of Edison
International. “Our strong balance sheet provides us the flexibility to
continue to grow our dividends faster than the growth rate in earnings
and also maintain our dividend growth rate higher than the industry
average.”

Details on SCE Preferred Stock Dividends

Additionally, Southern California Edison today declared the following
dividends:

• A semiannual dividend of $31.25 per share on the Series E preference
  stock, payable on February 1, 2018, to shareholders of record on
  January 5, 2018.
• Quarterly dividends of $0.255 per share on the 4.08% series of
  cumulative preferred stock, $0.265 per share on the 4.24% series of
  cumulative preferred stock and $0.29875 per share on the 4.78% series
  of cumulative preferred stock. Each of these dividends is payable on
  February 28, 2018, to shareholders of record on February 5, 2018.
• A quarterly dividend of $0.27 per share on the 4.32% series of
  cumulative preferred stock, payable on March 31, 2018, to shareholders
  of record on March 5, 2018.

About Edison International

Edison International (NYSE:EIX), through its subsidiaries, is a
generator and distributor of electric power, as well as a provider of
energy services and technologies, including renewable energy.
Headquartered in Rosemead, Calif., Edison International is the parent
company of Southern California Edison, one of the nation’s largest
electric utilities. Edison International is also the parent company of
Edison Energy Group, a portfolio of competitive businesses that provide
commercial and industrial customers with energy management and
procurement services and distributed solar generation. Edison Energy
Group companies are independent from Southern California Edison.

Risk Disclosure Statement

Forward-looking statements about the financial outlook for Edison
International and its subsidiaries are included in this news release,
including potential growth in future earnings and dividends. These
forward-looking statements reflect our current expectations; however,
such statements involve risks and uncertainties. Actual results could
differ materially from current expectations. Important factors that
could cause different results are discussed under the headings “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” in Edison International’s Form
10-K, most recent Form 10-Q, and other reports and presentations filed
with the Securities and Exchange Commission which are available at: www.edisoninvestor.com.
These forward-looking statements represent our expectations only as of
the date of this news release, and Edison International assumes no duty
to update them to reflect new information, events or circumstances.

Contacts

Edison International
Media Contact: Charles Coleman,
(626) 302-7982
Investor Relations: Sam Ramraj, (626) 302-2540