Edison International is a

public utility A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and r ...

holding company based in

Rosemead, California Rosemead is a city in Los Angeles County, California, United States. As of the 2021 census, it had a population of 50,245, currently dropping. Rosemead is part of a cluster of cities, along with Alhambra, Arcadia, Temple City, Monterey Park ...

. Its subsidiaries include

Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International, is the primary electricity supply company for much of Southern California. It provides 15 million people with electricity across a service territory of ap ...

, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in

Visalia, California Visalia ( ) is a city in the agricultural San Joaquin Valley of California. The population was 141,384 as per the 2020 census. Visalia is the fifth-largest city in the San Joaquin Valley, the 42nd most populous in California, and 192nd in ...

History

The company was first incorporated in 1909 as Southern California Edison Company after Southern California acquired the assets of

Edison Electric Company General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable ener ...

; it was known as Southern California Edison until 1996, when it adopted its current name in recognition of its growing business abroad and in other industry sectors. Edison first became a holding company in 1988 when it made a small change to its original name, becoming known as SCEcorp. Edison International acquired the naming rights for the

Los Angeles Angels The Los Angeles Angels are an American professional baseball team based in the Los Angeles metropolitan area. The Angels compete in Major League Baseball (MLB) as a member club of the American League (AL) West division. Since 1966, the team h ...

' stadium (previously known as

Anaheim Stadium Angel Stadium of Anaheim is a baseball stadium located in Anaheim, California. Since its opening in 1966, it has served as the home ballpark of the Los Angeles Angels of Major League Baseball (MLB), and was also the home stadium to the Los Angel ...

) in 1998, in a deal running for 20 years. The company backed out of the naming rights deal after the 2003 season, and the stadium is now called Angel Stadium. In 2001, Edison's main holding, Southern California Edison, faced bankruptcy after a state senate bill regarding financial assistance came up short by $1 billion. On August 6, 2002, Edison International recorded core earnings per share of 56 cents in the second quarter of 2002.

Recent moves

In November 2010 Edison sold its 48% interest in the Four Corners coal-fired power plant in New Mexico (units 4 and 5; units 1, 2 and 3 were scheduled to close due to their age) for $294 million to Pinnacle West Capital Corp (of Arizona Public Service). The move was the direct result of a new California law requiring utility companies to exit coal-fired power production (even the renewing of contracts is disallowed), and forces Edison to purchase more power from the market.

San Onofre Nuclear Generating Station The San Onofre Nuclear Generating Station (SONGS) is a permanently closed nuclear power plant located south of San Clemente, California, on the Pacific coast, in Nuclear Regulatory Commission Region IV. The plant was shut down in 2013 after repl ...

Unit 2 shut in early January 2012 for refueling and replacement of the reactor vessel head. Both reactors at San Onofre have been shut since January 2012 due to premature wear found on tubes in massive steam generators installed in 2010 and 2011. In April 2012, in a sign of mounting concern over the shutdown, the top U.S. nuclear official,

Gregory Jaczko Gregory B. Jaczko (; born October 29, 1970, Norristown, Pennsylvania) is a physicist who was chairman of the U.S. Nuclear Regulatory Commission (NRC) from 2005 to 2012.

, toured the facility with Senator

Dianne Feinstein Dianne Goldman Berman Feinstein ( ; born Dianne Emiel Goldman; June 22, 1933) is an American politician who serves as the senior United States senator from California, a seat she has held since 1992. A member of the Democratic Party, she wa ...

, a Democrat, and U.S. Representative

Darrell Issa Darrell Edward Issa ( ; born November 1, 1953) is an American businessman and politician who has served as the U.S. representative for California's 50th congressional district since 2021. A member of the Republican Party, he previously served ...

, a Republican. In June, 2013, the company announced it would permanently shut down operations at the plant, the beginning of a multi-year decommissioning process at the site.

Energy production mix

At least 46% of the fuel

uses to generate power comes from clean energy (6% of that nuclear power, the others renewable energy sources ranging from biomass to wind). The group is a major player in Southern California where it provides 13 million people with electricity. Southern California Edison began to focus on renewable energy in 1980.

References

External links

{{Authority control Electric power companies of the United States Southern California Edison Energy in California Holding companies of the United States Companies based in Los Angeles County, California Rosemead, California Energy companies established in 1886 1886 establishments in California Companies in the Dow Jones Utility Average Companies listed on the New York Stock Exchange