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Edison International - EIX STOCK NEWS

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.

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Edison International (NYSE: EIX) declares a quarterly common stock dividend of $0.78 per share, increasing the annual dividend rate to $3.12 per share, marking the 20th consecutive annual increase. Southern California Edison also declared a semiannual dividend of $25.1409 per share on the Series E preference stock.
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Edison International (EIX) employees and their families participate in the 18th annual National Family Volunteer Day, packing nearly 5,000 food boxes. The event, hosted by the Community Action Partnership of Orange County, involved 240 volunteers and addresses food insecurity during the holiday season.
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Edison International (EIX) released a press release detailing the need for bold, immediate action to achieve an 85% GHG emissions reduction and reach net zero by 2045. The paper, titled 'Mind the Gap', provides policy recommendations and identifies priority action areas across the electric system, from bulk power to local resources, in order to efficiently interconnect clean energy resources and enable operational flexibility. The press release also emphasizes the importance of advancing emerging generation technologies and reforming processes and regulations to accelerate transmission infrastructure buildout.
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Southern California Edison (SCE) (NYSE: SCE) releases Countdown to 2045, outlining the state's plan to achieve carbon neutrality by 2045. The report details the need for significant electrification, clean generation, and an expansion of the electric grid to decarbonize the economy. Key findings include a shift to electric vehicles, increased clean energy resources, and the use of new and emerging technologies to achieve net-zero greenhouse gas emissions. However, the report also highlights the challenges and feasibility concerns associated with achieving these goals, including the need for significant policy change and technological development. The transition will require over $370 billion of incremental investments, with an increase in electric bills offset by customer savings from reduced fossil fuel expenses.
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Edison International (EIX) Launches SCE's Mobile Education Unit Program to Support Clean Energy Transition in Rural Communities
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Edison International (EIX) releases the Countdown to 2045 White Paper, outlining the bold actions needed to achieve California's updated decarbonization goals by 2045 and meet the projected 80% rise in electricity demand. The paper identifies challenges, calls for policy changes, and emphasizes the need for greater use of emerging technologies such as carbon capture to reach carbon neutrality.
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SCE's Charge Ready Transport Program helps Santa Barbara Metropolitan Transit District install 14 heavy-duty electric vehicle chargers, marking a significant milestone towards achieving emission-free public transport by 2030. The program, in collaboration with SCE, aims to contribute to California's clean energy future and improved air quality.
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Edison International (NYSE: EIX) announced the expiration and results of its cash tender offers to purchase its outstanding 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B and 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A. The Offers expired on November 16, 2023, with $84,223,000 aggregate liquidation preference of Series B Preferred Stock and $61,497,000 aggregate liquidation preference of Series A Preferred Stock validly tendered and not withdrawn. The Company accepted for purchase all such Securities validly tendered and not withdrawn. The consideration for the Securities tendered and accepted for purchase will equal $895 per $1,000 liquidation preference per share of Series B Preferred Stock and $915 per $1,000 liquidation preference per share of Series A Preferred Stock, plus Accrued Dividends. The settlement date for the Offers is expected to be November 21, 2023.
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Edison International: Southern California Edison Honors Veterans Day by Recognizing Employees Who Served Their Country
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Element Energy (EIX) closes $111 million Series B investment to deploy adaptive battery management systems for a booming battery storage market. The investment, led by Keyframe Capital Partners, L.P., will support large-scale validation of Element's technology and its commercialization across various energy storage applications, including SaaS and hardware for new energy storage systems.
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FAQ

What is the current stock price of Edison International (EIX)?

The current stock price of Edison International (EIX) is $84.34 as of December 4, 2024.

What is the market cap of Edison International (EIX)?

The market cap of Edison International (EIX) is approximately 32.6B.

What is Edison International?

Edison International is a leading energy company focused on generating and distributing electric power through its subsidiaries, primarily Southern California Edison.

Where is Edison International headquartered?

Edison International is headquartered in Rosemead, California.

Who are the customers of Southern California Edison?

Southern California Edison serves over 5 million customers across a 50,000-square-mile area of Southern California, excluding Los Angeles.

What are Edison International's recent achievements?

Recent achievements include the installation of a 646-kilowatt solar system at The Knolls apartment complex and publishing the 'Mind the Gap' report with policy recommendations for achieving net-zero emissions by 2045.

How is Edison International contributing to clean energy solutions?

Edison International invests in renewable energy, develops clean technology projects, and promotes sustainability initiatives such as the Solar on Multifamily Affordable Housing program.

What is the 'Mind the Gap' report?

The 'Mind the Gap' report is a policy document published by Edison International that outlines strategies to achieve California's 2045 net-zero emissions target.

How does Edison International address interconnection challenges?

Edison International collaborates with state agencies and stakeholders to reform interconnection processes, ensuring timely and cost-effective upgrades to the transmission grid.

What are Edison International's future goals?

Edison International aims to achieve California's 2045 net-zero emissions target by advancing clean energy technologies, enhancing infrastructure, and advocating for regulatory reforms.

What role does Edison Energy play in Edison International's operations?

Edison Energy focuses on non-utility businesses that provide energy-related products and services, diversifying Edison International's portfolio and supporting its clean energy initiatives.

How does Edison International ensure the reliability of its power supply?

Edison International invests in emerging technologies and infrastructure, such as offshore wind and clean firm generation, to maintain a reliable and flexible power supply while supporting the clean energy transition.

Edison International

NYSE:EIX

EIX Rankings

EIX Stock Data

32.64B
386.46M
0.18%
91.27%
1.56%
Utilities - Regulated Electric
Electric Services
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United States of America
ROSEMEAD