$EIX (Edison International)

$EIX {{ '2016-05-02T20:43:30+0000' | timeago}} • Webcast

Rosemead, California-based $EIX said 1Q16 core earnings were $0.82 per share, $0.08 per share lower than 1Q15. Most of this decline due to timing differences at Southern California Edison during 2015, which were caused by the delay in receiving the 2015-2017 general rate case.

$EIX {{ '2017-06-01T11:36:29+0000' | timeago}} • Announcement

$EIX BoD elected Sam Ramraj as VP of IR, effective June 16, 2017. Ramraj will succeed Scott Cunningham who will be retiring at the end of June 2017.

$EIX {{ '2017-05-24T13:16:52+0000' | timeago}} • Announcement

$EIX and Southern California Edison said Michael Camunez has been elected to the BoD of each company, effective June 15. Camunez is president and CEO of ManattJones Global Strategies.

$EIX {{ '2017-05-01T22:07:37+0000' | timeago}} • Webcast

$EIX said that it will likely follow a request for the second phase of Southern Edison Charge Ready program in the spring of next year. The company plans to target the balance of 30,000 commercial charging systems in this phase. $EIX sees the potential need to double its target of 4.2MM zero emission vehicles on the road by 2030.

$EIX {{ '2017-05-01T20:47:15+0000' | timeago}} • Announcement

$EIX reaffirmed its FY17 guidance for basic and core EPS of $4.04-4.24.  "We recognize there is a bias toward the upper half of the range," said CEO Pedro Pizarro on the outlook, as Edison International posted its 1Q17 results

$EIX {{ '2017-05-01T20:42:41+0000' | timeago}} • Announcement

Total operating revenue at $EIX inched about 1% up to $2.46Bil in 1Q17, as it posted a 29% jump in net attributable income of $362MM from last year's $281MM. Earnings rose to $1.10 per diluted share from $0.85 a share, helped by higher income tax benefits related to stock option exercises.

$EIX {{ '2017-04-07T19:39:00+0000' | timeago}} • Announcement

Southern California Edison, an $EIX company, said it and the state attorney general representing the California Coastal Commission asked for a continuance of the April 14 court date so they may pursue settlement. The lawsuit challenge the expansion of interim dry cask storage at the San Onofre nuclear plant.

$EIX {{ '2017-02-21T22:10:26+0000' | timeago}} • Webcast

$EIX has reduced its Southern California Edison's (SCE) capital spending forecast largely to reflect revised estimates for the timing of major transmission projects. The company expects capital expenditures between 2016 and 2020 to be approx. $450MM lower from its original forecast, with $315MM of the change related to transmission projects.

$EIX {{ '2017-02-21T21:32:28+0000' | timeago}} • Announcement

For FY17, $EIX expects its basic and core earnings guidance to be in the range of $4.04-4.24 per share.

$EIX {{ '2017-02-21T21:30:13+0000' | timeago}} • Announcement

Electric power provider $EIX reported 4Q16 net income of $345MM, or $1.06 per share, compared to a net loss of $79MM, or $0.24 per share during 4Q15. Operating revenue increased 23% YoY to $2.8Bil.

$EIX {{ '2016-12-09T12:21:22+0000' | timeago}} • Announcement

$EIX's BoD declared a quarterly dividend of $0.5425 per common share. The dividend is payable on Jan. 31, 2017 to shareholders of record on Dec. 30, 2016. This action increases the annual dividend by 13% or $0.25 per share for the third year in a row to $2.17 per share.

$EIX {{ '2016-11-02T05:43:11+0000' | timeago}} • Webcast

$EIX said it is only at the low-end of its target payout range of 45-55% of SCE earnings based on the midpoint of its earnings guidance. The company wants to continue to move well into the range, which means a dividend growth opportunity higher than its earnings growth.

$EIX {{ '2016-11-02T05:40:03+0000' | timeago}} • Webcast

$EIX expects to complete evolving initial business case into detailed business plan, with details expected no later than next 12 months. While having reaffirmed 2016 earnings guidance, $EIX expects to bound the costs for new business development for Edison Energy and provide additional detail in guidance for 2017.

$EIX {{ '2016-11-01T20:51:54+0000' | timeago}} • Announcement

$EIX narrowed its 2016 basic EPS guidance to $3.87-3.97 from prior estimate of $3.82-4.02, and core EPS outlook to $3.86-3.96 from prior range of $3.81-4.01. CEO Ted Craver said $EIX continues to see long-term opportunity for above-average earnings and dividend growth based on SCE infrastructure replacement and electric grid modernization.

$EIX {{ '2016-11-01T20:48:44+0000' | timeago}} • Announcement

Electric power provider $EIX reported a decline in 3Q16 earnings driven by timing of implementation of 2015 General Rate Case (GRC) proposed decision and incremental return on pole loading base. Net income fell to $419MM or $1.27 per share from $421MM or $1.28 per share last year. Operating revenues rose to $3.767Bil from $3.763Bil.

$EIX {{ '2016-09-27T11:55:13+0000' | timeago}} • Announcement

SoCore Energy, a subsidiary of $EIX, agreed to buy equity interests in 22 community solar garden development projects in Minnesota as part of the SunEdison bankruptcy proceedings. This acquisition was approved with an order from the U.S. Bankruptcy Court in New York, for a total price of up to $79.8MM if all projects are completed.

$EIX {{ '2016-08-26T10:15:10+0000' | timeago}} • Announcement

Electric power distributor $EIX and Southern California Edison announced that Louis Hernandez, Jr., Chairman, President and CEO of $AVID, has been elected to the BoD of each company, effective Aug. 25, 2016.

$EIX {{ '2016-07-29T10:23:52+0000' | timeago}} • Webcast

$EIX said that SCE expects is CapEx to be lower by $300MM for full-year 2016 and to be $100MM higher in full-year 2017. The biggest forecast change is $375MM of transmission spending, mostly due to licensing delays of projects like Alberhill, Mesa & the City of Riverside. The balance of these CapEx will be shifted into 2018 through 2020 period.

$EIX {{ '2016-07-29T10:18:44+0000' | timeago}} • Webcast

$EIX stated that O&M was not a major driver in 2Q16 as lower legal and labor costs due to workforce reductions, are mostly offset by planned outage and upgrades at the Mountainview Generation Plant, and higher pole loading costs. Net financing costs are $0.02 per share higher, mainly due to an increase in the amount of preferred stock outstanding.

$EIX {{ '2016-07-29T10:15:14+0000' | timeago}} • Webcast

$EIX said that its 2Q16 FERC revenues are $0.03 per share higher, largely related to revenues associated with higher operating costs and abandoned plant recoveries for the canceled Coolwater-Lugo transmission project. The company said that the recovery of Coolwater-Lugo cost will continue through 2016 and will have no impact on earnings.

$EIX {{ '2016-07-29T10:11:03+0000' | timeago}} • Webcast

Provider of electric power generator $EIX said that its 2Q16 basic and core EPS is $0.85, down $0.31 per share than 2Q15. SCE's basic and core earnings are $0.21 per share lower and EIX Parent and Other are $0.10 per share lower. The lower earnings are mainly as a result of $0.31 per share of income tax benefits recorded in during 2Q16.

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