Key Developments: Edison International (EIX)
47.71USD
24 May 2013
$-0.55 (-1.14%)
$48.26
$48.10
$48.17
$47.65
1,800,927
2,651,695
$54.19
$42.57
Latest Key Developments (Source: Significant Developments)
Edison International Raises FY 2013 EPS Guidance
Edison International announced that for fiscal 2013, it expects core earnings guidance of $3.45 to $3.65 per share and basic earnings guidance to a range of $3.51 to $3.71 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.53 for fiscal 2013. Full Article
Edison International Declares Dividends
Edison International announced that the Board of Directors declared a quarterly common stock dividend of $0.3375 per share, payable July 31, 2013, to shareholders of record on June 28, 2013. Additionally, the Board of Directors of Southern California Edison Company declared the following dividends. A quarterly dividend of $0.27 per share on the 4.32% series of cumulative preferred stock, payable on June 30, 2013, to shareholders of record on June 5, 2013. A quarterly dividend of $35.15625 per share on the Series F preference stock, payable on June 15, 2013, to the shareholder of record on June 14, 2013. An initial dividend of $48.166667 per share on the Series Full Article
CORRECTION OFFICIAL - Edison International Declares Dividend
CORRECTED TO READ IN THE BODY "RECORD ON MARCH 28, 2013"...INSTAED OF "RECORD ON MARCH 29, 2013"... Edison International announced that the Board of Directors declared a quarterly common stock dividend of $0.3375 per share, payable on April 30, 2013, to shareholders of record on March 28, 2013. Full Article
Edison International Issues FY 2013 EPS Guidance Above Analysts' Estimates
Edison International announced that for fiscal 2013, it expects basic and core earnings guidance of $3.45 to $3.65 per share. It has assumed no non-core items in its guidance. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.28 for fiscal 2013. Full Article
Edison International Declares Dividend
Edison International announced that it declared a quarterly common stock dividend of $0.3375 per share, payable January 31, 2013, to shareholders of record on December 31, 2012. This action increases the annual dividend from $1.30 per share to $1.35 per share. The Company also declared quarterly dividends of $1.08 per share on the Series A preference stock, and $1.50 per share on the Series C preference stock. Each of these dividends is payable January 31, 2013, to shareholders of record on January 4, 2013. A dividend of $31.25 per share on the Series E preference stock, payable on February 1, 2013, to shareholders of record on January 4, 2013. Quarterly dividends of $0.255 per share on the 4.08% series of cumulative preferred stock, $0.265 per share on the 4.24% series of cumulative preferred stock and $0.29875 per share on the 4.78% series of cumulative preferred stock. Each of these dividends is payable on February 28, 2013, to shareholders of record on February 5, 2013. A quarterly dividend of $1.625 per share on the Series D preference stock, payable on March 1, 2013, to shareholders of record on February 5, 2013. Quarterly dividends of $0.27 per share on the 4.32% series of cumulative preferred stock, and $1.53125 per share on the Series B preference stock. Each of these dividends is payable March 31, 2013, to shareholders of record on March 5, 2013. Full Article
Edison International's Edison Mission Energy Files For Bankruptcy-Reuters
Reuters reported that Edison Mission Energy, the unregulated power generation business of Edison International, filed for Chapter 11 bankruptcy protection on Monday with a proposal to transfer control of the company to holders of $3.7 billion in unsecured bonds. In court papers filed in U.S. Bankruptcy Court in Chicago, Edison Mission said a perfect storm of heavy debts, weak power prices and high fuel costs have threatened its ability to stay competitive. Edison Mission owns and operates coal, natural gas and renewable power plants totaling more than 10,000 megawatts in states including California, Illinois, Pennsylvania and West Virginia. Like many coal plant operators, it has suffered as the 2007-2009 recession cut power demand and wholesale power prices fell because of the supply of cheaper natural gas. Under a proposal outlined in the bankruptcy filing, Edison International would transfer its 100% equity stake in Edison Mission to bondholders, which include York Capital Management and other distressed debt investors. The company is projecting the transfer to occur in late 2014, which could allow Edison Mission to continue benefiting from projected tax-sharing payments from its parent through the end of that year. Full Article
Edison International Declares Dividend
Edison International announced that it declared a quarterly common stock dividend of $0.325 per share, payable on October 31, 2012, to shareholders of record on September 28, 2012. Full Article
Edison International's Southern California Edison Announces Intent to Downsize Staffing at San Onofre Nuclear Generating Station
Edison International's Southern California Edison announced that as a result of exhaustive benchmarking and analysis of industry best practices, SCE has concluded that SONGS' staffing and costs are significantly higher than other similar dual unit, non-fleet nuclear power plants. Indicators also show there are opportunities to reduce operating and maintenance costs by improving plant processes while fully maintaining all safety commitments. As a result, SCE announced its intent to downsize the SONGS' organization to 1,500 – a reduction of approximately 730 employees – beginning fourth quarter of 2012. Full Article
Edison International Not To Provide FY 2012 Earnings Guidance
Edison International announced that it will not provide fiscal 2012 earnings guidance until SCE receives a final decision on fiscal 2012 CPUC General Rate Case. Full Article
Edison International Declares Quarterly Common Stock Dividend
Edison International announced that its Board of Directors declared a quarterly common stock dividend of $0.325 per share, payable July 31, 2012, to shareholders of record on June 29, 2012. Full Article
Edison utility may retire Calif. nuclear plant if restart denied
HOUSTON, April 30 - If U.S. nuclear regulators deny Southern California Edison's (SCE) request to restart one of the damaged San Onofre nuclear reactors, the utility may decide to retire one or both units by year-end, said Ted Craver, chief executive of SCE parent Edison International on Tuesday.
Earnings vs. 
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