Edison International (EIX)
Summary
Wall Street Breakfast Podcast: Liability Sparks Downgrades
California wildfire legislation sharply increases liability risk for utilities like PG&E (PCG) and Edison International (EIX), triggering major stock selloffs. Shares of fast-fashion giant Shein slide in Hong Kong after long-awaited IPO.
PG&E Sinks 18%, Edison International Tumbles 23% as California Wildfire Bill Omits Liability Cap
California utility stocks are cratering Monday after state lawmakers advanced an amended wildfire bill over the weekend that omits the liability protections investors had counted on this legislative session.
Edison International's SoCal Subsidiary Has 4 PFDs To Consider: 2 Rated Buys
Edison International preferreds offer yield diversification beyond typical financial sector issuers, appealing to investors comfortable with California-only electric utilities. EIX's preferred stock dividends are well-covered, with $107MM in obligations versus $2.9B in net income, and preferreds constitute just 3.1% of the capital structure. The recent credit rating downgrade from BBB to BB explains higher coupons on new SCE preferred issues, reflecting increased perceived risk.
Edison International Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 16,649 | $1.15M | $1.19M | $44,177.13 | 3.86% |
 Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 150 | $10,566.44 | $11,005.5 | $439.06 | 4.16% |
| LC Lisa Candera CIGNA INVESTMENTS Inc. /NEW | 3,501 | $193,425.41 | $256,868.37 | $63,442.96 | 32.8% |
 Curtis Ellergodt Rothschild Investment LLC | 34,218 | $2.28M | $2.32M | $37,147.18 | 1.63% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 94,952 | $7.07M | $6.52M | -$553,590.76 | -7.83% |
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Edison International Profile
| Electric Utilities Industry | Utilities Sector | Pedro J. Pizarro CEO | NYSE Exchange | 281020107 CUSIP |
| US Country | 13,725 Employees | 7 Jul 2026 Last Dividend | 22 Jun 1993 Last Split | 2 Jan 1980 IPO Date |
Overview
Edison International is a prominent player in the energy sector, focusing on the generation and distribution of electric power primarily within Southern California. Founded in 1886, the company has its headquarters in Rosemead, California, showcasing a long history of service provision to a vast area covering approximately 50,000 square miles. Serving a diverse clientele that includes residential, commercial, industrial, public authorities, agricultural, and other sectors, Edison International has established itself as a key electricity supplier. The company’s infrastructure includes an extensive network of transmission and distribution facilities, ensuring the reliable delivery of electricity to meet the growing demands of its consumers.
Products and Services
Edison International's comprehensive range of energy solutions and services caters to a wide audience, encompassing different sectors of the community. Below are the primary offerings:
- Electricity Generation and Distribution: At the core of its operations, Edison International focuses on the generation, supply, and delivery of electricity. Meeting the needs of millions requires a robust infrastructure, which is well-supported by the company’s vast network of transmission lines, substations, and both overhead and underground distribution lines. This network ensures the consistent and reliable provision of electric power across a large geographical area.
- Transmission Facilities: The company's transmission facilities include lines that span a wide range of voltages from 55 kV to 500 kV. Paired with approximately 80 transmission substations, these facilities form the backbone of Edison International’s capability to distribute electricity over long distances. This intricate system is essential for the redistribution of power across the service area, maintaining stability and reliability in supply.
- Distribution System: Edison International boasts a comprehensive distribution system that includes around 38,000 circuit-miles of overhead lines and approximately 31,000 circuit-miles of underground lines. Alongside 730 distribution substations, this system facilitates the final delivery of electric power from transmission systems to the end-users. The presence of both overhead and underground lines ensures a versatile and resilient infrastructure capable of serving various community needs and preferences.
