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) delivers essential energy services through Southern California Edison and strategic nonregulated operations. This news hub provides investors with comprehensive coverage of the company's financial developments, infrastructure projects, and regulatory milestones.
Access real-time updates including quarterly results, grid modernization initiatives, and sustainability commitments. Our curated collection features official press releases about rate cases, renewable energy investments, and community partnership programs aligned with California's clean energy goals.
Key content areas include earnings announcements, regulatory filings with CPUC, transmission system upgrades, and wildfire mitigation strategies. Bookmark this page for streamlined tracking of EIX's operational updates and leadership in electric vehicle infrastructure development.
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Edison International (NYSE: EIX) will announce its First Quarter 2022 Financial Results on May 3, 2022, from 1:30 p.m. to 2:30 p.m. (Pacific Time). The earnings call can be accessed by dialing 1-888-673-9780 for domestic callers and 1-312-470-0178 for international callers, using the passcode Edison. A replay will be available until May 18, 2022. Don't miss the live webcast at www.edisoninvestor.com.
Edison International (NYSE:EIX) and Southern California Edison have opened applications for the 2022 Edison International Lineworker Scholarship Program, in partnership with IBEW Local 47. This initiative aims to enhance workforce diversity, particularly among Black individuals, who are underrepresented in SCE's workforce. The program offers up to $25,000 in scholarships, funded by $1 million from Edison shareholders and IBEW Local 47, covering tuition, tools, and support services. The application deadline is May 6, 2022.
Edison International (NYSE: EIX) has appointed Marcy L. Reed to its board of directors as of today. Reed brings over 30 years of experience in the electric utility sector, mainly from her tenure at National Grid plc, where she held significant roles, including president of the Massachusetts business. She has expertise in utility operations, energy policy, and sustainability. Her background is aligned with Edison International's clean energy strategy. Reed also serves on several boards, including Clean Harbors, Inc., and Blue Cross Blue Shield of Massachusetts.
The Board of Directors of Edison International (NYSE: EIX) has declared a quarterly common stock dividend of $0.70 per share, payable on April 30, 2022, to shareholders of record as of March 31, 2022. Additionally, a semi-annual dividend of $26.875 on Series A Preferred Stock and an initial dividend of $17.08333 on Series B Preferred Stock are to be paid on March 15, 2022. Other quarterly dividends include various amounts for Series G, H, J, K, L, and E preference stocks, all payable on March 15, 2022 and May 1, 2022.
Edison International (NYSE: EIX) reported its fourth quarter 2021 results, posting net income of $523 million, or $1.38 per share, slightly down from $526 million in 2020. Core EPS for the quarter was $1.16, down from $1.19, primarily due to increased operational costs. The company declared a quarterly dividend of $0.70 per share, maintaining a solid annualized rate of $2.80. For 2022, Edison International anticipates core EPS in the range of $4.40 to $4.70, with an expected long-term EPS growth rate of 5-7%. Full-year 2021 GAAP EPS reached $2.00.
Southern California Edison (EIX) has filed its 2022 update to the Wildfire Mitigation Plan with the California Office of Energy Infrastructure Safety. The plan aims to enhance grid safety and reliability against extreme weather exacerbated by climate change, with initiatives including the installation of insulated wiring. The company has reduced wildfire risks by 65-70% since 2018 and plans to spend approximately $1.66 billion in 2022 for continued improvements. SCE also explores innovative technologies like AI for wildfire detection and aims to support vulnerable communities during power shutoffs.
Southern California Edison is providing $205 million in relief to around 260,000 residential customers with past-due balances from March 4, 2020 to June 15, 2021. Customers will receive one-time credits on their February or March bills, funding through the California Arrearage Payment Program, which utilizes federal resources from the American Rescue Plan Act of 2021. Customers with balances over 60 days past due are automatically enrolled in 24-month payment plans, with additional assistance options available.
On February 10, the San Onofre Community Engagement Panel will host a briefing by Dr. Kimberly Petry from the Department of Energy regarding off-site consolidated interim storage for spent nuclear fuel. This session follows the DOE's announcement seeking public input on a consent-based siting process, which aims to find suitable locations for such facilities while prioritizing community involvement. Currently, 123 canisters of spent nuclear fuel are stored at San Onofre, hindering complete decommissioning. The DOE has received support for this initiative, including $20 million in funding for related activities.
