Welcome to our dedicated page for Edison International news (Ticker: EIX), a resource for investors and traders seeking the latest updates and insights on Edison International stock.
Edison International (EIX), headquartered in Rosemead, California, is a premier energy company with a primary focus on generating and distributing electric power. As the parent company of Southern California Edison (SCE), it serves over 5 million customers across 50,000 square miles of Southern California, excluding Los Angeles. Southern California Edison is among the nation's largest electric utilities, providing reliable and affordable electricity to millions.
In addition to its utility operations, Edison International invests in infrastructure and energy assets, with a significant emphasis on renewable energy. The company’s non-utility subsidiary, Edison Energy, engages in energy-related products and services, further diversifying its portfolio.
Recently, Edison International has been at the forefront of efforts to combat climate change and advance clean energy solutions. Notable achievements include the installation of a 646-kilowatt solar system at The Knolls, an affordable apartment complex, significantly reducing its residents' carbon footprint and energy costs. The company has also been active in publishing influential policy recommendations, such as the 'Mind the Gap' report, which outlines strategies to achieve California's 2045 net-zero emissions target.
Edison International is committed to transforming California's electric system to support the integration of clean energy resources. This involves innovative planning across generation, transmission, distribution, and local resources. Challenges like interconnection bottlenecks and the need for advanced transmission infrastructure are being addressed through collaborative efforts with state agencies and stakeholders.
The company is also focusing on de-risking the development of emerging clean technologies, such as offshore wind and clean firm generation, to ensure a reliable and flexible power supply. Initiatives like the Solar on Multifamily Affordable Housing program exemplify Edison International's dedication to promoting sustainability and cost savings for all customers.
Financially, Edison International remains robust, with strategic investments and partnerships driving its growth. The company continues to advocate for regulatory reforms to expedite the deployment of essential clean energy infrastructure, aligning with its long-term vision of a resilient, cost-effective, and environmentally sustainable energy system.
As a leader in the energy sector, Edison International plays a critical role in shaping a cleaner, more sustainable future, making significant strides towards achieving California's ambitious climate goals while ensuring the reliability and affordability of electricity for its customers.
Edison International has shared energy efficiency tips for hosting gatherings during the big game. The company suggests using LED bulbs which consume up to 90% less energy and last significantly longer than traditional bulbs. To protect electronics and reduce energy waste, it's recommended to use surge protectors. In the kitchen, substituting energy-intensive appliances with countertop devices like air fryers can lower energy consumption. The press release emphasizes that smart energy practices can help manage costs during social events. For more tips, consumers can visit their energy savings website.
Southern California Edison (EIX) has announced significant energy bill credits for its customers in response to rising natural gas prices. Over 5 million residential and small business customers will receive California Climate Credits amounting to
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.
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