Jennifer Granholm Joins Edison International, Southern California Edison Boards of Directors

Rhea-AI Summary

Edison International (NYSE: EIX) and Southern California Edison have announced the appointment of Jennifer Granholm to their boards of directors, effective April 1.

Granholm, a former U.S. Secretary of Energy and Governor of Michigan, brings extensive experience in advancing clean energy solutions and deploying zero-carbon technologies. She has a strong background in cybersecurity and the protection of power grids and electric utilities.

During her tenure as Secretary of Energy, Granholm oversaw significant investments in cybersecurity tools and technologies to enhance the resilience of U.S. energy infrastructure. She also worked on solutions for spent nuclear fuel, which could drive industry growth. Under her leadership, the DOE invested over $200 billion in clean energy projects, creating more than 400,000 jobs in the U.S.

Peter J. Taylor, Edison International board chair, emphasized her expertise in cybersecurity, physical security, and clean energy resources. Pedro J. Pizarro, president and CEO of Edison International, highlighted her background in energy technology, policy, and sustainability.

Granholm has also diversified Michigan's economy towards clean energy during her governorship and has taught law and public policy at UC Berkeley, specializing in clean energy and public leadership.

Positive

• Jennifer Granholm's appointment brings extensive experience in clean energy and cybersecurity.
• Granholm's leadership at the DOE led to over $200 billion in clean energy investments and the creation of more than 400,000 jobs.

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• None.

Insights

Corporate Governance Expert

The appointment of Jennifer Granholm to Edison International's board represents a strategic alignment with the utility sector's critical transformation challenges. Her unique combination of energy policy expertise and practical governance experience positions Edison to better navigate three key areas:

Grid Modernization and Cybersecurity: Granholm's deep involvement with DOE's cybersecurity initiatives provides Edison with important oversight capabilities for its grid modernization efforts. Her experience in developing and implementing robust cybersecurity frameworks for critical infrastructure will be particularly valuable as utilities face increasing cyber threats and reliability challenges.

Clean Energy Transition: Her track record of facilitating nearly 1,000 clean energy manufacturing facilities and overseeing $200 billion in clean energy investments demonstrates practical expertise in scaling zero-carbon technologies. This experience directly addresses Edison's needs as it pursues ambitious decarbonization goals while maintaining grid reliability.

Regulatory Navigation: Granholm's understanding of both state and federal energy policy mechanisms, combined with her experience in nuclear waste management solutions, positions Edison to better navigate complex regulatory landscapes and potentially accelerate its clean energy initiatives while managing legacy assets.

The timing of this appointment is particularly strategic as utilities face unprecedented pressure to modernize infrastructure, enhance cybersecurity, and accelerate clean energy deployment while maintaining reliability and affordability. Her proven ability to balance these competing priorities while fostering public-private partnerships could help Edison optimize its capital allocation and regulatory strategy in this complex operating environment.

ROSEMEAD, Calif.--(BUSINESS WIRE)-- Edison International (NYSE: EIX) and Southern California Edison today announced that Jennifer Granholm will join the board of directors of each company, effective April 1.

Granholm brings extensive experience advancing reliable, resilient, clean energy solutions and deploying zero-carbon technologies from her recent service as U.S. secretary of energy and prior experience as governor of Michigan.

She brings a strong background in cybersecurity and protection of the power grid and electric utilities. Under her leadership, the Department of Energy (DOE) invested heavily in cybersecurity tools and technologies to strengthen the resilience of U.S. energy infrastructure. She has also worked to find a solution for spent nuclear fuel, which could help spur industry growth. During Granholm’s term as DOE secretary, almost 1,000 factories announced they were coming to or expanding in America to make clean energy products, and the DOE invested more than $200 billion in thousands of clean energy projects, creating more than 400,000 U.S. jobs.

“Jennifer’s experience as a leader familiar with cybersecurity, physical security and clean energy resources ― and known for working in partnership with utilities and other industries ― will allow her to make important contributions to Edison International, including SCE and Trio,” said Peter J. Taylor, Edison International board chair.

“Jennifer has an excellent background in energy technology, energy policy, safety and sustainability,” said Pedro J. Pizarro, president and CEO of Edison International. “We’re thrilled she is joining our boards, and we look forward to the guidance she will provide based on her understanding of the technical, political and economic forces shaping our industry today.”

In her two terms as governor of Michigan, Granholm diversified the state’s economy to focus on clean energy. Granholm taught law and public policy at UC Berkeley, specializing in clean energy and public leadership. An honors graduate of Harvard Law School, she is the author of “A Governor's Story: The Fight for Jobs and America’s Economic Future.”

About Edison International

Edison International (NYSE: EIX) is one of the nation’s largest electric utility holding companies, focused on providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility delivering electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company of Trio (formerly Edison Energy), a portfolio of nonregulated competitive businesses providing integrated sustainability and energy advisory services to large commercial, industrial and institutional organizations in North America and Europe.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250220117155/en/

Investor Relations: Sam Ramraj, (626) 302-2540

Media Contact: (626) 302-2255, News@sce.com

Source: Edison International

FAQ

What is the significance of Jennifer Granholm joining EIX's board?

Jennifer Granholm's appointment to Edison International's board brings her extensive experience in clean energy solutions, cybersecurity, and zero-carbon technologies.

When will Jennifer Granholm join Edison International's board?

Jennifer Granholm will join Edison International's board of directors effective April 1.

How did Jennifer Granholm impact clean energy during her tenure as U.S. Secretary of Energy?

During her tenure, Jennifer Granholm oversaw investments of over $200 billion in clean energy projects, creating more than 400,000 jobs.

What experience does Jennifer Granholm bring to EIX?

Jennifer Granholm brings experience in advancing clean energy solutions, cybersecurity, and zero-carbon technologies from her roles as U.S. Secretary of Energy and Governor of Michigan.

What role did Jennifer Granholm play in cybersecurity as U.S. Secretary of Energy?

As U.S. Secretary of Energy, Jennifer Granholm invested heavily in cybersecurity tools and technologies to enhance the resilience of U.S. energy infrastructure.