Edison International
Encyclopedia
Edison International is a public utility
holding company based in Rosemead, California
. Its subsidiaries include Southern California Edison
, and un-regulated non-utility assets Edison Mission Energy
and Midwest Generation, power producers, and Edison Capital. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California
.
For the first nine months of 2010 power generation unit, Edison Mission Energy (EMG) produced 22.091 GWh of electricity a 2% increase over the corresponding period in 2009.
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).
(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.
Later that month, on the 24th of November the Environmental Protection Agency (Illinois) approved a request made by Edison's Midwest business (Edison Mission Energy) to install pollution control equipment to its coal fired power plants (as a last resort to shutting down the plants; stricter rules and costly penalties related to air quality forced Edison into that position). The equipment makes use of a sodium based, dry scrubbing system intended to reduce emissions (there's also the alternative, removing the sulfur components of coal before burning it as fuel). Edison hasn't made any final decisions but the EPA ruling gives Edison's Waukegan power plant (coal, unit 7) in Illinois an alternative to shutting down.
uses to generate power comes from clean energy (half of that nuclear power, the other half 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 didn't focus on renewable energy until 1980.
Public utility
A public utility is an organization that maintains the infrastructure for a public service . Public utilities are subject to forms of public control and regulation ranging from local community-based groups to state-wide government monopolies...
holding company based in Rosemead, California
Rosemead, California
Rosemead is a city in Los Angeles County, California, United States. As of the 2010 census, it had a population of 53,764. Rosemead is part of a cluster of cities, along with Arcadia, Temple City, Monterey Park, San Marino, and San Gabriel, in the west San Gabriel Valley with a growing Asian...
. Its subsidiaries include Southern California Edison
Southern California Edison
Southern California Edison , the largest subsidiary of Edison International , is the primary electricity supply company for much of Southern California, USA. It provides 14 million people with electricity...
, and un-regulated non-utility assets Edison Mission Energy
Edison Mission Energy
Edison Mission Energy is an independent power producer based in California and owned by Edison International. In the 1990s, EME owned electricity generating assets in Victoria, Australia and 51% of Contact Energy in New Zealand....
and Midwest Generation, power producers, and Edison Capital. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California
Visalia, California
Visalia is a Central California city situated in the heart of California’s agricultural San Joaquin Valley, approximately southeast of San Francisco and north of Los Angeles...
.
For the first nine months of 2010 power generation unit, Edison Mission Energy (EMG) produced 22.091 GWh of electricity a 2% increase over the corresponding period in 2009.
History
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.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).
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 while units 1,2 and 3 will be closed because of being older) for $294 million to Pinnacle West Capital CorpArizona Public Service
Arizona Public Service Company is the largest electric utility in Arizona and the principal subsidiary of publicly-traded S&P 500 member Pinnacle West Capital Corporation , which in turn had been formerly named AZP Group, when Arizona Public Service reorganized as that holding company in 1985.With...
(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.
Later that month, on the 24th of November the Environmental Protection Agency (Illinois) approved a request made by Edison's Midwest business (Edison Mission Energy) to install pollution control equipment to its coal fired power plants (as a last resort to shutting down the plants; stricter rules and costly penalties related to air quality forced Edison into that position). The equipment makes use of a sodium based, dry scrubbing system intended to reduce emissions (there's also the alternative, removing the sulfur components of coal before burning it as fuel). Edison hasn't made any final decisions but the EPA ruling gives Edison's Waukegan power plant (coal, unit 7) in Illinois an alternative to shutting down.
Energy production mix
At least 34% of the fuel Southern California EdisonSouthern California Edison
Southern California Edison , the largest subsidiary of Edison International , is the primary electricity supply company for much of Southern California, USA. It provides 14 million people with electricity...
uses to generate power comes from clean energy (half of that nuclear power, the other half 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 didn't focus on renewable energy until 1980.