Edison International - EIX STOCK NEWS

Southern California Edison is promoting its Medical Baseline program to assist eligible customers who depend on electricity for essential medical equipment. The program allows these customers to receive additional electricity at lower rates, ultimately helping them reduce their energy bills. Simplified online qualification processes due to COVID-19 will remain in effect until June 30, and existing participants are not required to recertify for another year. The program also offers backup battery solutions for those in high fire risk areas, ensuring critical support during outages.

The Board of Directors of Southern California Edison declared quarterly and semiannual dividends on various preference stocks. The quarterly dividends include:

• $0.31875 on Series G
• $0.359375 on Series H
• $0.3359375 on Series J
• $0.340625 on Series K
• $0.3125 on Series L

These are payable on June 15, 2021, to shareholders of record on June 14, 2021. Additionally, a semiannual dividend of $31.25 per share on Series E will be paid on August 1, 2021, to shareholders of record on July 2, 2021.

The Hershey Company (NYSE: HSY) has announced two significant clean energy partnerships aimed at transitioning to renewable energy. The first project, a 20 MW solar farm in Camden, North Carolina, will reduce CO2 emissions by 32,025 metric tons annually. The second project involves a 50 MW solar power agreement with National Grid Renewables for the Noble Project in Texas, projected to lower CO2 emissions by approximately 83,625 metric tons per year. Together, these projects will decrease Hershey's carbon footprint by 115,650 metric tons annually, aligning with their goals to cut greenhouse gas emissions by over 50% by 2030.

In 2021, Edison International will award $1.2 million in scholarships to thirty high school seniors in its service area as part of the Edison Scholars Program, supporting STEM education. Each student will receive $40,000 over four years to attend accredited U.S. colleges. Since its inception in 2006, the program has distributed over $12 million to 700 students. Funded entirely by shareholders, the initiative does not use customer utility payments. A virtual reception will celebrate the scholars on May 21, 2021.

Edison International (NYSE: EIX) is set to release its First Quarter 2021 Financial Results on April 27, 2021, from 1:30 to 2:30 p.m. Pacific Time. Investors can access the event via a live conference call and webcast, with playback options available until May 11, 2021. The company, headquartered in Rosemead, California, is a leading electric utility provider serving approximately 15 million customers in California through its subsidiary Southern California Edison Company. Edison International emphasizes its commitment to clean and reliable energy.

Southern California Edison (SCE) has released a comprehensive three-volume set of plans aimed at relocating spent nuclear fuel from the San Onofre Nuclear Generating Station. This initiative includes the Action Plan, Strategic Plan, and Conceptual Transportation Plan, developed with North Wind, Inc. The plans outline steps for safe fuel transport and advocate for federal action concerning offsite disposal. A coalition, Action for Spent Fuel Solutions Now, has been formed with local stakeholders to push these plans forward, addressing previous challenges regarding the lack of federal repository options.

Edison International (NYSE: EIX) has announced the pricing of a public offering of 1.25 million shares of its 5.375% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock. This transaction, expected to close on March 9, 2021, aims to generate approximately $1.24 billion in net proceeds. The offering addresses part of the company’s $1 billion equity content need, supporting its investment-grade ratings. Edison will utilize the funds to assist Southern California Edison with debt financing related to previous wildfire claims.

Edison International (NYSE: EIX) declared a quarterly common stock dividend of $0.6625 per share, to be paid on April 30, 2021, for shareholders of record on March 31, 2021.

Additionally, dividends were announced for various Series preference stocks:

• Series G: $0.31875
• Series H: $0.359375
• Series J: $0.3359375
• Series K: $0.340625
• Series L: $0.3125

All preference stock dividends will be paid on March 15, 2021, to holders of record on March 12, 2021.

Edison International (NYSE: EIX) reported a fourth quarter 2020 net income of $526 million ($1.39 per share), a significant increase from $143 million ($0.40 per share) in Q4 2019. Adjusted core earnings rose to $451 million ($1.19 per share) from $355 million ($0.99 per share) year-over-year. Key drivers included higher CPUC-related revenue and lower regulatory expenses. However, 2020 full-year earnings declined to $0.7 billion ($1.98 per share) from $1.3 billion ($3.78 per share) in 2019. The Board declared a dividend of $0.6625 per share, payable April 30, 2021.