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Type | Public |
---|---|
NYSE: EIX DJUA Component S&P 500 Component | |
Industry | Public Utility |
Founded | 1886 |
Headquarters | , |
Key people | Pedro J. Pizarro (Chairman and CEO) |
Products | electricity, energy solutions |
Revenue | $14.905 billion (2021) |
$1.477 billion (2021) | |
$925 million (2021) | |
Total assets | $74.745 billion (2021) |
Number of employees | 13,000 2021 |
Subsidiaries | S.California Edison (SCE) Edison Energy |
Website | edison |
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, 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.
The company was first incorporated in 1909 as Southern California Edison Company after Southern California acquired the assets of Edison Electric Company; 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' stadium (previously known as Anaheim Stadium) 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. [1]
On August 6, 2002, Edison International recorded core earnings per share of 56 cents in the second quarter of 2002. [2]
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. [3]
San Onofre Nuclear Generating Station 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, toured the facility with Senator Dianne Feinstein, a Democrat, and U.S. Representative Darrell Issa, 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.
At least 46% of the fuel Southern California Edison uses to generate power comes from clean energy (6% of that nuclear power, the others renewable energy sources ranging from biomass to wind). [4] The group is a major player in Southern California where it provides 13 million people with electricity. [5]
Southern California Edison began to focus on renewable energy in 1980.
Southern Company is an American gas and electric utility holding company based in the southern United States. It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama. The company is the second largest utility company in the U.S. in terms of customer base, as of 2021. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.
Vattenfall is a Swedish multinational power company owned by the Swedish state. Beyond Sweden, the company generates power in Denmark, Finland, Germany, the Netherlands, and the United Kingdom.
Électricité de France S.A., commonly known as EDF, is a French multinational electric utility company owned by the French state. Headquartered in Paris, with €71.2 billion in revenues in 2016, EDF operates a diverse portfolio of at least 120 gigawatts of generation capacity in Europe, South America, North America, Asia, the Middle East, and Africa.
The Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey, US established in 1985 with a legacy dating back to 1903.
Southern California Edison (SCE), the largest subsidiary of Edison International, is the primary electric utility company for much of Southern California. It provides 15 million people with electricity across a service territory of approximately 50,000 square miles. However, the Los Angeles Department of Water and Power, San Diego Gas & Electric (SDG&E), Imperial Irrigation District, and some smaller municipal utilities serve substantial portions of the southern California territory. The northern part of the state is generally served by the Pacific Gas & Electric Company of San Francisco. Other investor-owned utilities (IOUs) in California include SDG&E, PacifiCorp, Bear Valley Electric, and Liberty Utilities.
The Diablo Canyon Power Plant is a nuclear power plant near Avila Beach in San Luis Obispo County, California. Since the permanent shutdown of the San Onofre Nuclear Generating Station in 2013, Diablo Canyon has been the only operational nuclear plant and largest single power station in California. It was the subject of controversy and protests during its construction, with nearly two thousand civil disobedience arrests in a two-week period in 1981.
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 defects were found in replacement steam generators; it is currently in the process of decommissioning. The 2.2 GW of electricity supply lost when the plant shut down was replaced with 1.8 GW of new natural-gas fired power plants and 250 MW of energy storage projects.
The "Nuclear Power 2010 Program" was launched in 2002 by President George W. Bush in 2002, 13 months after the beginning of his presidency, in order to restart orders for nuclear power reactors in the U.S. by providing subsidies for a handful of Generation III+ demonstration plants. The expectation was that these plants would come online by 2010, but it was not met.
RWE AG is a German multinational energy company headquartered in Essen. It generates and trades electricity in the Asia-Pacific region, Europe and the United States. The company is the world's second-largest offshore wind power generation and Europe's third-largest company in renewable energy. In the 2020 Forbes Global 2000, the RWE Group was ranked as the 297th-largest public company in the world.
Exelon Corporation is a public utility headquartered in Chicago, Illinois, and incorporated in Pennsylvania. Exelon is the largest electric parent company in the United States by revenue and is the largest regulated electric utility in the United States with approximately 10 million customers. The company is ranked 99th on the Fortune 500.
Constellation Energy Corporation is an American energy company headquartered in Baltimore, Maryland. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.
FirstEnergy Corp is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997. Its subsidiaries and affiliates are involved in the distribution, transmission, and generation of electricity, as well as energy management and other energy-related services. Its ten electric utility operating companies comprise one of the United States' largest investor-owned utilities, based on serving 6 million customers within a 65,000-square-mile (170,000 km2) area of Ohio, Pennsylvania, West Virginia, Virginia, Maryland, New Jersey, and New York. Its generation subsidiaries control more than 16,000 megawatts of capacity, and its distribution lines span over 194,000 miles. In 2018, FirstEnergy ranked 219 on the Fortune 500 list of the largest public corporations in the United States by revenue.
A nuclear power phase-out is the discontinuation of usage of nuclear power for energy production. Often initiated because of concerns about nuclear power, phase-outs usually include shutting down nuclear power plants and looking towards fossil fuels and renewable energy. Three nuclear accidents have influenced the discontinuation of nuclear power: the 1979 Three Mile Island partial nuclear meltdown in the United States, the 1986 Chernobyl disaster in the USSR, and the 2011 Fukushima nuclear disaster in Japan.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Energy in Japan refers to energy and electricity production, consumption, import and export in Japan. The country's primary energy consumption was 477.6 Mtoe in 2011, a decrease of 5% over the previous year.
DTE Electric Company was founded in 1886.
Consumers Energy is an investor owned utility that provides natural gas and electricity to 6.7 million of Michigan's 10 million residents. It serves customers in all 68 of the state's Lower Peninsula counties. It is the primary subsidiary of CMS Energy. The company was founded in 1886 and is currently headquartered in Jackson, Michigan.
NRG Energy, Inc. is an American energy company, headquartered in Houston, Texas. It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity. Their portfolio includes natural gas generation, coal generation, oil generation, nuclear generation, wind generation, utility-scale generation, and distributed solar generation. NRG serves over 7 million retail customers in 24 US states including Texas, Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Ohio; the District of Columbia, and eight provinces in Canada.
The 1970s proved to be a pivotal period for the anti-nuclear movement in California. Opposition to nuclear power in California coincided with the growth of the country's environmental movement. Opposition to nuclear power increased when President Richard Nixon called for the construction of 1000 nuclear plants by the year 2000.
Between 2007 and 2009, 13 companies applied to the Nuclear Regulatory Commission (NRC) for construction and operating licenses to build 31 new nuclear power reactors in the United States. However, the case for widespread nuclear plant construction has been hampered due to inexpensive natural gas, slow electricity demand growth in a weak US economy, lack of financing, and safety concerns following the Fukushima nuclear disaster at a plant built in the early 1970s which occurred in 2011.