Articles from Edison International

Edison International (NYSEEIX):

Powerful winds and several dangerous wildfires continue to create life-threatening conditions in parts of Southern California.

Extreme winds and dangerous fires fueled by strong winds have created life-threatening conditions in parts of Southern California.

Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.8275 per share, payable on Jan. 31, 2025, to shareholders of record on Jan. 7, 2025. This action increases the annual dividend rate by $0.19 per share for the quarter ending Jan. 31, 2025. The 2025 annual dividend rate will be $3.31 per share, an increase of 6.1% from the current annual dividend rate of $3.12 per share.

Edison International (NYSEEIX) today reported third-quarter net income of $516 million, or $1.33 per share, compared to net income of $155 million, or $0.40 per share, in the third quarter of last year. As adjusted, third-quarter core earnings were $582 million, or $1.51 per share, compared to core earnings of $531 million, or $1.38 per share, in the third quarter of last year.

Edison International (NYSEEIX):

High school seniors passionate about science, technology, engineering or math (STEM) are encouraged to apply for the Edison scholarship. Today, Edison International opened the application period for its much-celebrated Edison Scholars Program that awards $50,000, paid over four years, to STEM-focused students to pursue their dreams.

The clean energy future for California is still attainable, despite infrastructure challenges, extreme weather impacts and technological and policy gaps. To achieve this, we must act now. Today at Climate Week NYC, Edison International released Reaching Net Zero, a forward-looking analysis that reinforces the urgent need for multisector collaboration, enhanced efficiencies and significant investment in clean firm generation to meet California’s goal of net-zero greenhouse gas emissions by 2045.

The board of directors of Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.78 per share, payable on Oct. 31, 2024, to shareholders of record on Oct. 7, 2024.

The board of directors of Edison International (NYSEEIX) today declared the following dividends, payable Sept. 15, 2024, to shareholders of record on Sept. 1, 2024:

Edison International (NYSEEIX) today reported second-quarter net income of $439 million, or $1.14 per share, compared to net income of $354 million, or $0.92 per share, in the second quarter of last year. As adjusted, second-quarter core earnings were $475 million, or $1.23 per share, compared to core earnings of $388 million, or $1.01 per share, in the second quarter of last year.

Today, Edison International announced the 12 recipients of the Edison International Lineworker Scholarship, which awards up to $25,000 per recipient to pursue a career in the skilled trade workforce at Southern California Edison. The scholarship, funded by Edison International shareholders and IBEW Local 47, is designed to build and strengthen a diverse workforce in SCE’s service area.

The board of directors of Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.78 per share, payable on July 31, 2024, to shareholders of record on July 8, 2024.

Edison International (NYSEEIX):

Edison International (NYSEEIX) today reported a first-quarter net loss of $11 million, or $0.03 per share, compared to net income of $310 million, or $0.81 per share, in the first quarter of last year. As adjusted, first-quarter core earnings were $438 million, or $1.13 per share, compared to core earnings of $416 million, or $1.09 per share, in the first quarter of last year.

After being named Edison International’s 2024 Edison Scholars, 30 high school seniors are a step closer to realizing their dreams. The new class of Edison Scholars has been awarded $1.5 million in scholarships from Edison International to help them pursue a college career in science, technology, engineering or math (STEM).

Edison International (NYSEEIX):

Applications for scholarships up to $25,000 are now being accepted for the 2024 Edison International Lineworker Scholarship Program. Funded by Edison International shareholders and IBEW Local 47, this scholarship is focused on growing Black, Asian Pacific Islander, Native American and female representation in Southern California Edison’s skilled workforce.

The board of directors of Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.78 per share, to be paid on April 30, 2024, to shareholders of record on March 28, 2024.

Edison International (NYSEEIX) today reported fourth-quarter net income of $378 million, or $0.99 per share, compared to net income of $415 million, or $1.09 per share, in the fourth quarter of last year. As adjusted, fourth-quarter core earnings were $490 million, or $1.28 per share, compared to core earnings of $437 million, or $1.15 per share, in the fourth quarter of last year.

Edison International (NYSEEIX):

Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.78 per share, payable on Jan. 31, 2024, to shareholders of record on Dec. 29, 2023. This action increases the annual dividend by $0.17 per share. The 2024 annual dividend rate will be $3.12 per share, an increase of 5.8% from the current annual dividend rate of $2.95 per share.

Edison International (NYSEEIX) today announced the expiration and results for its previously announced cash tender offers to purchase its outstanding 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock” and such offer, the “Series B Offer”) and 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A (the “Series A Preferred Stock” and, together with the Series B Preferred Stock, the “Securities” and such offer, the “Series A Offer” and, together with the Series B Offer, the “Offers” each, an “Offer”) for a maximum aggregate purchase price in cash of up to $750 million (the “Maximum Aggregate Purchase Price”), plus Accrued Dividends (as defined below).

Edison International (NYSEEIX) today announced the waiver of the Minimum Tender Condition (as defined below) and the extension of the expiration date from November 8, 2023 at 8:00 a.m., New York City time, to November 16, 2023 at 8:00 a.m., New York City time, for its previously announced cash tender offers to purchase its outstanding 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock” and such offer, the “Series B Offer”) and 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A (the “Series A Preferred Stock” and, together with the Series B Preferred Stock, the “Securities” and such offer, the “Series A Offer” and, together with the Series B Offer, the “Offers” each, an “Offer”) for a maximum aggregate purchase price in cash of up to $750 million (the “Maximum Aggregate Purchase Price”), plus Accrued Dividends (as defined below).

Edison International (NYSEEIX) today reported third-quarter net income of $155 million, or $0.40 per share, compared to net loss of $128 million, or ($0.33) per share, in the third quarter of last year. As adjusted, third-quarter core earnings were $531 million, or $1.38 per share, compared to core earnings of $564 million, or $1.48 per share, in the third quarter of last year.

 

Edison International (NYSEEIX):

Unprecedented innovation across planning, policy and technology is required to achieve California’s net-zero goal by 2045, according to a new paper by Edison International. Countdown to 2045: Realizing California’s Pathway to Net Zero makes it clear that the electric grid must expand rapidly and integrate new clean energy technologies, such as offshore wind turbines, clean hydrogen, carbon capture and vehicle-to-grid connectivity, well before the deadline in 22 years.

The board of directors of Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.7375 per share, payable on Oct. 31, 2023, to shareholders of record on Sept. 29, 2023.

Edison International (NYSEEIX) today reported second-quarter net income of $354 million, or $0.92 per share, compared to net income of $241 million, or $0.63 per share, in the second quarter of last year. As adjusted, second-quarter core earnings were $388 million, or $1.01 per share, compared to core earnings of $357 million, or $0.94 per share, in the second quarter of last year.

Edison International (NYSEEIX):

The board of directors of Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.7375 per share, payable on July 31, 2023, to shareholders of record on July 5, 2023.

Twelve aspiring lineworkers will be awarded up to $25,000 each to pursue a chance to become a Southern California Edison lineworker. This is part of the 2023 Edison International Lineworker Scholarship Program, funded by Edison International shareholders and IBEW Local 47, designed to bring in lineworkers to help power the clean energy future.

Edison International (NYSEEIX) today reported first-quarter net income of $310 million, or $0.81 per share, compared to net income of $84 million, or $0.22 per share, in the first quarter of 2022. As adjusted, first-quarter core earnings were $416 million, or $1.09 per share, compared to core earnings of $407 million, or $1.07 per share, in the first quarter of 2022.

Thirty high school seniors in Southern California Edison’s service area have been named 2023 Edison Scholars and will be awarded a total of $1.5 million in scholarships from Edison International. “I want to do something for the environment and make the world a better place and make an impact on the future,” exclaimed Jackie Li, one of the new Edison Scholars.

Edison International (NYSEEIX):

Edison International (NYSEEIX) yesterday announced the pricing of $500 million aggregate principal amount of 8.125% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2053. The offering is expected to close on March 6, subject to customary closing conditions. The annualized after-tax interest expense on the notes will be approximately $29 million.

The board of directors of Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.7375 per share, to be paid on April 30, 2023, to shareholders of record on March 31, 2023.

Edison International (NYSEEIX) today reported fourth quarter 2022 net income of $415 million, or $1.09 per share, compared to net income of $523 million, or $1.38 per share, in the fourth quarter of 2021. As adjusted, fourth quarter 2022 core earnings were $437 million, or $1.15 per share, compared to core earnings of $440 million, or $1.16 per share, in the fourth quarter of 2021.

Edison International (NYSEEIX):

Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.7375 per share, payable on Jan. 31, 2023, to shareholders of record on Dec. 30, 2022. This action increases the annual dividend by $0.15 per share. The 2023 annual dividend rate will be $2.95 per share, an increase of 5.4% from the current annual dividend rate of $2.80 per share.

Edison International (NYSEEIX) today reported third quarter 2022 net loss of $128 million, or $0.33 per share, compared to net loss of $341 million, or $0.90 per share, in the third quarter of 2021. As adjusted, third quarter 2022 core earnings were $564 million, or $1.48 per share, compared to core earnings of $644 million, or $1.69 per share, in the third quarter of 2021.

High school seniors with big dreams who want to make a difference in the world through the study of science, technology, engineering or math (STEM) are invited to become Edison Scholars. Edison International is accepting applications for the $1.5 million scholarship program through Dec. 9. Students can see if they are eligible and apply at edisonscholars.com.

Edison International (NYSEEIX):

The Board of Directors of Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.70 per share, payable on October 31, 2022, to shareholders of record on September 30, 2022.

Edison International (NYSEEIX) today reported second quarter 2022 net income of $241 million, or $0.63 per share, compared to net income of $318 million, or $0.84 per share, in the second quarter of 2021. As adjusted, second quarter 2022 core earnings were $357 million, or $0.94 per share, compared to core earnings of $356 million, or $0.94 per share, in the second quarter of 2021.

Edison International (NYSEEIX):

The Board of Directors of Edison International (NYSEEIX) yesterday declared a quarterly common stock dividend of $0.70 per share, payable on July 31, 2022, to shareholders of record on July 5, 2022.

Twelve aspiring lineworkers have a significant leg up in their chosen careers after being selected for the 2022 Edison International Lineworker Scholarship Program. Edison International launched the program last year in partnership with IBEW Local 47 to promote greater diversity among Southern California Edison’s lineworkers.

California must act with more urgency to address the continuing effects of climate change because the cost of inaction is far greater than the cost of action. That is according to Adapting for Tomorrow: Powering a Resilient Future, a new white paper from Edison International. The paper also underscores the need to modernize the critical infrastructure that powers communities and says that collaboration among utilities, regulators and stakeholders must be increased.

Edison International (NYSEEIX) today reported first quarter 2022 net income of $84 million, or $0.22 per share, compared to net income of $259 million, or $0.68 per share, in the first quarter of 2021. As adjusted, first quarter 2022 core earnings were $407 million, or $1.07 per share, compared to core earnings of $301 million, or $0.79 per share, in the first quarter of 2021.

Thirty high school seniors in Southern California Edison’s service area have been named 2022 Edison Scholars and will be awarded a total of $1.2 million in scholarships from Edison International. The scholarships are intended to help these students pursue science, technology, engineering or math (STEM) studies.

Edison International (NYSEEIX):

Edison International (NYSEEIX) and Southern California Edison today announced that Marcy L. Reed will join the board of directors of each company, effective today.

The Board of Directors of Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.70 per share, to be paid on April 30, 2022, to shareholders of record on March 31, 2022. The Board also declared a semi-annual dividend of $26.875 per share on the Series A Preferred Stock and an initial dividend of $17.08333 per share on the Series B Preferred Stock, both to be paid on March 15, 2022 to shareholders of record on March 1, 2022.

Edison International (NYSEEIX) today reported fourth quarter 2021 net income of $523 million, or $1.38 per share, compared to net income of $526 million, or $1.39 per share, in the fourth quarter of 2020. As adjusted, fourth quarter 2021 core earnings were $440 million, or $1.16 per share, compared to core earnings of $451 million, or $1.19 per share, in the fourth quarter of 2020.

Edison International (NYSEEIX):

Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.70 per share, payable on Jan. 31, 2022, to shareholders of record on Dec. 31, 2021. This action increases the annual dividend by $0.15 per share. The 2022 annual dividend rate will be $2.80 per share, an increase of 5.66% from the current annual dividend rate of $2.65 per share.

Edison International (NYSEEIX) today announced that Peter Taylor will serve as the company’s next independent, non-executive chair of its board of directors.

Edison International (NYSEEIX) today announced the pricing of a public offering of 750 thousand shares of its 5.00% Series B Fixed-Rate Reset Cumulative Perpetual Preferred Stock. The transaction is expected to close on November 12, 2021, subject to customary closing conditions, and is expected to result in net proceeds of approximately $742 million.

Edison International (NYSEEIX) today reported third quarter 2021 net loss of $341 million, or $0.90 per share, compared to net loss of $288 million, or $0.76 per share, in the third quarter of 2020. As adjusted, third quarter 2021 core earnings were $644 million, or $1.69 per share, compared to core earnings of $632 million, or $1.67 per share, in the third quarter of 2020.

High school seniors looking to create a more reliable, resilient and safer world through the study of science, technology, engineering or math (STEM) are invited to apply for Edison International’s $1.2 million Edison Scholars Program.

Edison International (NYSEEIX):

For California to meet its 2030 (and 2045) decarbonization goals, it must quadruple its annual rate of greenhouse gas reductions by adopting market-transforming policies within the next one to two years. This is according to “Mind the Gap: Policies for California’s Countdown to 2030,” a new paper published by Edison International.

The Board of Directors of Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.6625 per share, payable on October 31, 2021, to shareholders of record on September 30, 2021.

Edison International (NYSEEIX) today reported second quarter 2021 net income of $318 million, or $0.84 per share, compared to net income of $318 million, or $0.85 per share, in the second quarter of 2020. As adjusted, second quarter 2021 core earnings were $356 million, or $0.94 per share, compared to core earnings of $375 million, or $1.00 per share, in the second quarter of 2020.

Edison International (NYSEEIX):

The Board of Directors of Edison International (NYSEEIX) today declared a quarterly common stock dividend of $0.6625 per share, payable on July 31, 2021, to shareholders of record on July 6, 2021.

Edison International has published its Sustainability Report for 2020, detailing progress toward meeting long-term sustainability goals, successes and challenges faced in executing its clean energy strategy, its commitment and approach to advancing diversity, equity and inclusion and other disclosures and metrics of interest to investors, regulators, customers and other stakeholders. The company has also published its Sustainable Financing Framework, outlining its commitment to sustainability and its intention to continue aligning capital-raising activities with sustainability principles.

Edison International (NYSEEIX) today reported first quarter 2021 net income of $259 million, or $0.68 per share, compared to net income of $183 million, or $0.50 per share, in the first quarter 2020. As adjusted, first quarter 2021 core earnings were $301 million, or $0.79 per share, compared to core earnings of $228 million, or $0.63 per share, in the first quarter 2020.

Thirty high school seniors in Southern California Edison’s service area have been named 2021 Edison Scholars and will be awarded $1.2 million in scholarships by Edison International to pursue science, technology, engineering or math (STEM) studies.