An almost entirely lower-risk rate regulated utility; A large service territory with more than five million customers in Southern California; Outstanding issues associated with the closure of the San Onofre nuclear plant and ex parte communications with regulators; Growth in community choice aggregation and distributed generation; and We expect the non-utility businesses will represent less than 5% of the consolidated company. We assess the company's financial measures using more moderate financial benchmarks compared with the typical corporate issuer, reflecting its mostly low-risk regulated electric operations and effective management of regulatory risk; Financial measures that are trending toward the higher end of the range for its financial risk profile category; and Continued rate base growth and rising capital spending. The stable
