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.
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.
Edison International (NYSE: EIX) has declared a quarterly common stock dividend of
On November 2, 2022, SunPower Corp. (SPWR) announced a collaboration with KB Home (KBH), University of California, Irvine, Schneider Electric, and Southern California Edison to develop energy-smart connected communities in Menifee, California. This project involves over 200 all-electric homes featuring solar power and battery storage systems, creating self-supporting microgrids. Funded by a $6.65 million Department of Energy grant, these homes aim to reduce energy costs and greenhouse gas emissions by meeting Zero Energy Ready Home standards, thus providing a model for sustainable home development.
Edison International reported a third quarter 2022 net loss of $128 million, or $0.33 per share, an improvement from a loss of $341 million in Q3 2021. Core EPS decreased to $1.48 from $1.69 year-over-year, mainly due to a prior true-up adjustment. The utility is making progress in wildfire mitigation, set to complete 4,300 miles of covered conductor by year-end. Notably, a revision of estimates regarding past wildfire claims resulted in an after-tax charge of $598 million. The company has narrowed its 2022 EPS guidance to $4.48–4.68, maintaining a long-term growth target of 5–7%.
The Board of Directors of Southern California Edison has declared quarterly dividends for its preference stocks, payable on December 15, 2022. Shareholders on record as of December 14, 2022 will receive the following distributions:
- Series G: $0.31875 per share
- Series H: $0.359375 per share
- Series J: $0.3359375 per share
- Series K: $0.340625 per share
- Series L: $0.3125 per share
Southern California Edison, a subsidiary of Edison International (NYSE: EIX), serves approximately 15 million people in Southern California.
Edison International is expanding its Edison Scholars Program, offering high school seniors a chance to receive a
Edison International (NYSE: EIX) announced its Third Quarter 2022 Financial Results on November 1, 2022. The conference call is scheduled from 1:30 to 2:30 p.m. (Pacific Time), with access numbers provided for both U.S. and international callers. A replay will be available until November 16, 2022. Edison International, a major electric utility holding company, serves 15 million customers in California through Southern California Edison Company and offers energy solutions via Edison Energy LLC.
The Board of Directors of Edison International (NYSE: EIX) announced a quarterly common stock dividend of
Edison International (NYSE: EIX) reported a second quarter 2022 net income of $241 million, or $0.63 per share, down from $318 million, or $0.84 per share in Q2 2021. Core EPS remained steady at $0.94, reflecting operational stability. The company reaffirmed 2022 EPS guidance at $4.40–4.70, with a long-term growth target of 5–7%. Significant advancements include the installation of over 3,500 circuit miles of covered conductor for wildfire mitigation, enhancing safety measures. Edison also maintains the lowest system average rate among large California utilities, demonstrating operational excellence.
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