Edison International News

May 28, 2012 -- WHAT : Edison International to speak at the Sanford C. Bernstein & Co.

Let's look at how it got here and whether clear skies are ahead. How it got here The regulated utility business is usually a slow and steady moneymaker for investors, but Edison International has beaten expectations pretty soundly in the last year.

Analysts now are betting that the Chicago-based unit of California-based utility holding company Edison International will have to shutter its Waukegan station, as well as one of its three units at Joliet, in addition to the old Fisk and Crawford plants in Chicago that the company already has said it will shutter in September.

As many of my readers and followers have learned, I am a big fan of preferred stocks and the ability of preferred stocks to accomplish income/return goals of investors.

SCE Trust I on Thursday sold $475 million of perpetual trust preference securities, said IFR, a Thomson Reuters service.

's stock had its "buy" rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Friday.

Damaged reactors at the San Onofre nuclear station in California will likely remain shut into the summer, the chief executive officer of the plant's majority owner, Edison International, told investors this week.

Rosemead, CA, May 3, 2012 - Edison International reported first quarter 2012 basic earnings of $0.28 per share, compared to basic earnings of $0.61 per share in the same quarter last year.

Edison International officials estimate that the company's cost for inspections and repairs at the closed San Onofre nuclear plant will be between $55 million and $65 million, but said that the costs may be recovered under a manufacturer's warranty.

Edison International announced Wednesday that Midwest Generation will shutter Chicago's Fisk and Crawford coal plants in September, ahead of schedule and years before a state-imposed deadline to clean up or shut down the plants.

Edison International's first-quarter earnings slid 47% as the utility recorded wider losses at its Edison Mission Group and as a delay in a rate-case decision hurt results at its Southern California Edison segment.

Rosemead, CA, April 30, 2012 - Southern California Edison and Scripps Institution of Oceanography at the University of California at San Diego will collaborate on a project to gather seismic data off the coast of the San Onofre Nuclear Generating Station .