Oct 29 (Reuters) - Edison International ( EIX ) beat

Wall Street estimates for third-quarter profit on Tuesday,

helped by higher electricity rates.

Utilities use general rate case (GRC) proceedings to raise

consumer electricity prices. The proceedings are initiated by

regulated utilities to claim a revenue shortfall and ask for a

rate increase based on the total cost of delivering their

services.

"SCE continues to demonstrate its ability to navigate the

regulatory landscape and is in the final stages of two key

proceedings, which will solidify our financial outlook through

2028," CEO Pedro Pizarro said in a statement.

Edison International ( EIX ) is the holding company of Southern

California Edison (SCE) and Trio. SCE is an electric utility

serving about 15 million people in California.

Earlier this year, the company projected that SCE's rate

increases through 2028 would closely mirror local inflation

levels.

The company narrowed its full-year adjusted profit forecast

to $4.80 to $5 per share, from a prior expectation of $4.75 to

$5.05 per share. Analysts were expecting $4.94, according to

data compiled by LSEG.

On an adjusted basis, the Rosemead, California-based company

posted a profit of $1.51 per share, beating analysts' average

estimate of $1.38 per share.