STOCK TITAN

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.

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.2%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
dividends
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
none
-
Rhea-AI Summary

Edison International is offering a rebate of up to $4,000 for customers purchasing or leasing pre-owned electric vehicles (EVs) as part of Drive Electric Earth Day, a month-long national initiative aimed at promoting electric vehicle adoption. This initiative, which began on April 1, includes over 215 events across 41 states, designed to create a welcoming atmosphere for potential EV buyers. The rebates are funded through SCE's participation in California's Low Carbon Fuel Standard Program, promoting clean transportation and reducing greenhouse gas emissions. SCE is also addressing concerns over battery range anxiety by adding 30,000 EV charging stations in its service area in the coming years. The campaign seeks to enhance awareness and interest in EVs through community engagement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
none
-
Rhea-AI Summary

Edison International submitted a proposal to the California Public Utilities Commission aimed at providing bill relief for lower-income households. If approved, this would reduce the fixed electric service costs for approximately 1.2 million lower-income customers by 16%-21% and decrease rates for all residential customers by 33%. The proposal is in response to the recently passed Assembly Bill 205, which supports an income-based fixed charge system. Under this system, lower-income customers would pay a fixed fee of $15 to $20, while higher earners could pay up to $85. The goal is to align with California's climate policies, making clean energy technologies more affordable for low-income families. The proceeding is expected to last until mid-2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
none
Rhea-AI Summary

Edison International has named thirty high school seniors as 2023 Edison Scholars, awarding a total of $1.5 million in scholarships. Each scholar will receive $50,000 over four years, an increase from the previous $40,000 award. The scholarship aims to support students pursuing studies in STEM, cybersecurity, or data analytics. For the first time since 2019, students received their awards through in-person surprise check presentations at school events. Edison International has awarded over $15 million in scholarships to 760 students since 2006, demonstrating its commitment to community investment and fostering pathways to clean energy careers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
none
-
Rhea-AI Summary

Edison International has named 30 high school seniors as the 2023 Edison Scholars, awarding a total of $1.5 million in scholarships. The scholarship amount has increased from $40,000 to $50,000, distributed over four years. In addition, scholars can gain access to a paid summer internship with Southern California Edison after their first year of college. This initiative aims to support students pursuing degrees in STEM, cybersecurity, or data analytics. Since 2006, Edison International has contributed over $15 million to 760 students through the Scholars Program, emphasizing its commitment to community investment and fostering future leaders in clean energy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
none
-
Rhea-AI Summary

Edison International (NYSE: EIX) announced its First Quarter 2023 Financial Results on May 2, 2023. The conference call will take place from 1:30 to 2:30 p.m. Pacific Time, accessible via phone or webcast. Investors can call 1-888-673-9780 for U.S. participants or 1-312-470-0178 for international callers, with the passcode Edison. A replay will be available until May 17, 2023. Edison International is a leading electric utility holding company, serving around 15 million people in California through its subsidiary, Southern California Edison Company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.8%
Tags
Rhea-AI Summary

Southern California Edison (EIX) announced its 2023-25 Wildfire Mitigation Plan, aimed at decreasing the risk of wildfires linked to its equipment. The company reports a 75%-80% reduction in probability since 2018. The plan outlines continued grid hardening through covered conductor installation, enhancing vegetation management, and deploying advanced monitoring systems. SCE aims to install 2,850 miles of covered conductor by 2025, contributing to replacing 7,200 miles of overhead lines in high-risk areas. SCE is also expanding its aerial firefighting resources, emphasizing safety for vulnerable communities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
none

FAQ

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

The current stock price of Edison International (EIX) is $69.5 as of January 9, 2025.

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

The market cap of Edison International (EIX) is approximately 26.9B.

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

26.91B
386.40M
0.17%
90.99%
1.49%
Utilities - Regulated Electric
Electric Services
Link
United States of America
ROSEMEAD