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Southern California Edison announced the redemption of all outstanding shares of its Series E Preference Stock on June 6, 2024, at a price of $1,000 per share, plus accrued dividends. The redemption will be funded through an offering of new preference securities and managed by The Depository Trust Company. After redemption, all rights and dividends on the Series E Preference Stock will cease.
Edison International reported a first-quarter 2024 net loss of $11 million, or $0.03 per share, compared to a net income of $310 million, or $0.81 per share, in the same period last year. The company's first-quarter core earnings were $438 million, or $1.13 per share, showing an increase from the previous year. The company revised its best estimate of expected losses for the 2017/2018 Wildfire/Mudslide Events, resulting in a net after-tax charge of $333 million. Edison International affirmed its 2024 core EPS guidance range of $4.75-$5.05 and reaffirmed its long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028.
