Edison International Backgrounder
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Edison International Corporate Profile
Through its subsidiaries, Key Dec. ‘08 Business Stats Edison International Edison Int’ l Net income in millions $1,215 (NYSE:EIX), is a Basic earnings per share $3.69 generator and distributor Southern California Edison of electric power and an Net income in millions $683 Kilowatt -hour sales in millions 98,577 investor in infrastructure Peak demand in megawatts 22,020 Customers in thousands 4,866 and energy assets, Employees 16,344 including renewable energy. Edison Mission Group Net income in millions $501 Headquartered in Employees 1,889 Rosemead, Calif., Edison International is the parent company of Southern California Edison (SCE), a regulated electric utility, and Edison Mission Group (EMG), a competitive power generation business and parent company to Edison Mission Energy (EME) and Edison Capital. Shares of Edison International are traded on the New York Stock Exchange (NYSE: EIX). Southern California Edison SCE is one of the nation’s largest investor-owned electric utilities, serving more than 13 million people in a 50,000 squaremile area of Central, Coastal and Southern California. Based in Rosemead, Calif., the utility has been providing electric service in the region for more than 120 years. SCE is regulated by the California Public Utilities Commission and the Federal Energy Regulatory Commission. SCE has an extensive transmission and distribution system that includes approximately 12,000 miles of transmission circuits, approximately 112,000 miles of distribution circuits, and more than 1,600 substations. SCE’s utility generation portfolio has a capacity of approximately 5,500 megawatts.
Edison Mission Group EMG manages the competitive power generation business and other unregulated subsidiaries of Edison International. EMG is headquartered in Irvine, Calif., with operations across the country. EMG’s power generation assets include fossil-fuel power plants, a biomass facility and one of the largest portfolios of wind energy projects in the United States. EMG’s continuing operations consist of owned or leased interests in 37 power generation facilities, with an aggregate capacity of 11,019 megawatts, of which EMG's ownership share is 9,849 megawatts. Edison Mission Energy, a subsidiary of EMG which is also based in Irvine, Calif., is an independent power producer engaged in the business of owning, leasing, operating and selling energy and capacity from electric power generation facilities. EME conducts price risk management and energy trading activities through Edison Mission Marketing and Trading (EMMT), which is based in Boston. Edison Capital, a subsidiary of EMG also based in Irvine, Calif., is the capital and financial services business of EMG. Edison Capital has investments worldwide in energy and infrastructure projects, including power generation, electric transmission and distribution, transportation, and telecommunications. Edison Capital also has investments in affordable housing projects located throughout the United States.
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Edison International (NYSE:EIX), through its subsidiaries, is a generator and distributor of electric power and an investor in infrastructure and energy assets including renewable energy. Headquartered in Rosemead, Calif., Edison International is the parent company of Southern California Edison, one of the nation’s largest electric utilities, and Edison Mission Group, a competitive power generation business and parent company to Edison Mission Energy and Edison Capital.