Edison Intl Stock Price, News & Analysis

Edison International celebrates Vikki Appel, a senior advisor in IT Services and a reigning world champion cyclist. Appel achieved remarkable success at the 2022 Masters Track World Championships, winning three gold medals. Her journey included overcoming a broken pelvis injury, showcasing resilience and determination. Appel's achievements in cycling parallel the core values of Edison International, emphasizing excellence, teamwork, and continuous improvement. Her focus on collaborative success both in sports and at work highlights the company's commitment to a performance-driven culture.

Edison International recently supported the One Spade Youth Packers program, which empowers underprivileged youths in Kernville, California, through hands-on training in mule handling. Operating from February to May, this initiative pairs children aged 9 to 17 with mules, teaching them responsibility and essential life skills. Since 2018, Edison has donated $20,000 to this nonprofit, facilitating free participation for families. The program aims to cultivate traits like honesty and teamwork, ultimately fostering productive citizenship among participants. The historical significance of mules in the Sierra Nevada ties into Edison's own legacy, further enriching this educational experience.

Edison International (NYSE: EIX) is set to release its Fourth Quarter and Full-Year 2022 Financial Results on February 23, 2023, from 1:30 to 2:30 p.m. PT. Investors can join via the live conference call or webcast at www.edisoninvestor.com. A replay will be available until March 10, 2023. Edison International, headquartered in Rosemead, California, delivers electricity to 15 million people across California through its Southern California Edison Company. It also offers energy solutions globally via Edison Energy LLC.

Edison International announced key advancements in its fleet electrification goals through its subsidiary, Southern California Edison (SCE). After acquiring 15 all-electric Ford F-150 Lightning trucks, SCE aims to electrify 100% of its light-duty vehicles by 2030. Additionally, it plans to electrify 30% of medium-duty and 8% of heavy-duty trucks. The company expects to save over 620,000 gallons of fuel and reduce greenhouse gas emissions by nearly 6,000 metric tons annually. With existing infrastructure and future installations, SCE is set to enhance its electric vehicle charger network significantly.

Edison International commends the $4,000 federal tax credit for pre-owned electric vehicles (EVs) from the Inflation Reduction Act, inspired by its own Pre-Owned EV Rebate Program. The federal initiative supports EV adoption with income limits of $75,000 for individuals and $150,000 for couples. Additionally, it includes $20 billion for clean vehicle manufacturing and funds for zero-emission technologies. Edison International advocates substantial investments—$175 billion in clean energy and $75 billion in infrastructure—to meet California’s 2045 electrification goals, which could create jobs and save customers on fuel costs.

Southern California Edison has launched the 2022 Catalina Island Clean Energy All-Source Request for Offers, seeking bids for renewable resources and energy solutions. This initiative is part of the company's Pathway 2045 vision to achieve carbon neutrality by 2045, focusing on resources available by 2027. The solicitation aims to support the Catalina Island Repower Project, essential for meeting future energy needs and enhancing clean energy goals. Interested parties can submit offers by May 1, as SCE celebrates 60 years of utility service on Catalina Island.

Edison International is addressing the challenges of electrification in Southern California to prepare the grid for increased demand driven by clean energy initiatives. Jun Wen, a key advisor, focuses on enhancing grid capacity while reducing carbon emissions. Recently nominated to a global team by CIGRE, Wen aims to empower women in the energy sector. The CIGRE group plans to produce articles addressing climate change issues such as cyclones and wildfires. Edison emphasizes that investing in climate adaptation is crucial for sustainable energy development.

Element Energy has successfully closed the first phase of its Series B financing, securing $28 million to advance its battery management technology. The funding round is co-led by a major clean energy company and includes investments from existing backers like Edison International (NYSE: EIX). Matt Murphy, CEO of Marvell Technology (NASDAQ: MRVL), joins Element's Board of Directors. Element's technology enhances the efficiency of second-life EV batteries, with deployments starting in 2023 and 2024, aiming for significant environmental benefits.