Welcome to our dedicated page for Edison Intl news (Ticker: EIX), a resource for investors and traders seeking the latest updates and insights on Edison Intl stock.
Edison International (NYSE: EIX) news covers developments at one of the nation’s largest electric utility holding companies and its key subsidiaries. The company is headquartered in Rosemead, California and focuses on providing clean and reliable energy and energy services through Southern California Edison and Trio. Southern California Edison delivers electricity to approximately 15 million people via about 5 million customer accounts in a 50,000-square-mile service area across Southern, Central and Coastal California, while Trio provides sustainability and energy advisory services to large organizations in North America and Europe.
News about Edison International often includes financial and capital markets updates, such as quarterly earnings results, guidance discussions, and details of tender offers or redemptions for preferred stock and trust preference securities. Recent press releases describe cash tender offers for fixed-rate reset cumulative perpetual preferred stock, term loan arrangements, and actions related to trust preference securities issued by SCE-related trusts.
Another important category of EIX news involves regulatory and legislative developments. Company communications highlight decisions by the California Public Utilities Commission on cost of capital and general rate cases, wildfire-related cost recovery proceedings, and legislative measures like California Senate Bill 254 and Assembly Bill 1054 that affect wildfire liability and financial stability for investor-owned utilities.
Investors and observers can also find community and corporate responsibility stories, such as announcements about the Edison Scholars STEM scholarship program and tributes to influential company leaders who contributed to California’s energy policy and clean energy movement.
This news page aggregates these types of updates so readers can follow Edison International’s financial disclosures, regulatory milestones, capital structure actions, and community initiatives in one place.
Edison International, alongside Southern California Edison, has partnered with the American Association of Blacks in Energy (AABE) to enhance the representation of African Americans in the energy sector. The initiative aims to improve diversity, equity, and inclusion through specific actions in employment and leadership. Currently, nearly 70% of the workforce reflects gender or racial diversity. Edison plans to increase data transparency and implement various programs to support Black employees. AABE's leadership welcomes this initiative, emphasizing the need for equitable workplace conditions.
Southern California Edison is contributing $2.2 million for the lease of a CH-47 Chinook helitanker to support the Orange County Fire Authority during a challenging fire season. The helitanker, capable of dropping 3,000 gallons of water or retardant, will be operational from October 1 to late December. This initiative is part of SCE’s Wildfire Mitigation Plan, which includes infrastructure inspections and fire risk management efforts. SCE emphasizes the safety of communities and firefighters as a top priority amid the intensified wildfire season exacerbated by the COVID-19 pandemic.
Edison International (EIX) announced its Third Quarter 2020 Financial Results during a conference call on October 27, 2020. The event is part of their ongoing commitment to transparency and communication with investors. Interested parties can join the live conference by calling designated numbers or through a webcast available on their investor relations website. A playback option will remain available until November 10, 2020.
Edison International remains a leading electric utility, serving 15 million customers in California.
Edison International is offering $1.2 million through its Edison Scholars Program to support high school seniors aiming for STEM careers. Annually, 30 students will receive $40,000 scholarships over four years, emphasizing support for those in underserved communities. Applications are open until Dec. 14, with criteria including a minimum 3.0 GPA and residency in SCE’s service area. Since 2006, the program has awarded $11.1 million to 670 students. Notably, all funding comes from shareholders, not utility customers.