Mission Statement, Vision, & Core Values of Edison International (EIX)

How does an energy giant like Edison International envision its future, and what principles guide its operations? With a history spanning almost 140 years, and 15 million customers, understanding the core values, mission, and vision of this company is crucial to grasping its strategic direction. Did you know that in 2024, Edison International reported operating revenues of $17.599 billion and core earnings of $1.9 billion?

Edison International's mission is 'to deliver reliable, affordable electricity safely.' But how does this mission translate into a tangible vision and set of values that drive the company forward in a rapidly evolving energy landscape? What are the guiding principles ensuring Edison International meets its goals while maintaining integrity and excellence?

Edison International (EIX) An Overview of

Edison International, through its subsidiary Southern California Edison (SCE), is primarily involved in the transmission and distribution of electric power. Founded in 1886 and headquartered in Rosemead, California, the company serves approximately 15 million people in a 50,000 square-mile service territory within Central, Coastal, and Southern California. Its operations are heavily regulated, focusing on delivering electricity safely and reliably to its customers.

As of April 2025, Edison International continues to focus on modernizing its infrastructure and expanding its renewable energy capabilities. The company is dedicated to achieving California's ambitious clean energy goals, which include reducing greenhouse gas emissions and increasing the use of renewable energy sources. This involves significant investments in grid modernization, energy storage, and electric vehicle infrastructure.

In the fiscal year 2024, Edison International reported a consolidated revenue of approximately $17.2 billion. This revenue is primarily derived from the sale and delivery of electricity to its residential, commercial, and industrial customers. The company has been focusing on enhancing its grid to accommodate more renewable energy sources, which is crucial for meeting California's clean energy targets.

Edison International's financial performance in 2024 reflects its ongoing investments in infrastructure and renewable energy projects. Key highlights from the latest financial reports include:

• Revenue: Total operating revenues reached $17.2 billion, driven by increased electricity demand and rate adjustments.
• Net Income: The company reported a net income of $1.3 billion, showcasing its profitability amidst substantial investments in grid modernization.
• Capital Investments: Significant capital expenditures were allocated to upgrading transmission and distribution networks, as well as integrating renewable energy sources. These investments totaled approximately $5 billion.
• Renewable Energy Growth: Edison International has expanded its renewable energy portfolio, supporting California's goal of sourcing 100% clean energy by 2045.

Edison International stands as a leader in the utility sector, particularly in its commitment to renewable energy and grid modernization. The company's strategic focus on sustainability and innovation positions it as a key player in the evolving energy landscape. To delve deeper into the investor aspects of Edison International, check out this informative resource: Exploring Edison International (EIX) Investor Profile: Who’s Buying and Why?

Edison International (EIX) Mission Statement

The mission statement of Edison International is 'Powering a clean energy future.' This concise statement encapsulates the company's dedication to leading the transition towards sustainable energy solutions. It reflects a commitment to environmental responsibility and innovation in the energy sector. You can learn more about Edison International at: Edison International (EIX): History, Ownership, Mission, How It Works & Makes Money

Edison International's mission focuses on several key areas:

• Clean Energy: Prioritizing renewable and low-carbon energy sources.
• Innovation: Developing and implementing advanced technologies for energy production, distribution, and storage.
• Sustainability: Promoting environmentally responsible practices in all operations.
• Customer Focus: Providing reliable and affordable energy solutions to customers.

The core components of Edison International's mission statement are interconnected and crucial for the company's strategic direction:

1. Powering:

This element underscores the company's role in providing energy to millions of customers. Edison International is committed to ensuring a reliable and consistent power supply, which is essential for economic stability and daily life. In 2024, Edison International delivered approximately 82 million megawatt-hours of electricity to its customers.

2. Clean Energy:

This component emphasizes the company's dedication to reducing its carbon footprint and transitioning to cleaner energy sources. Edison International is actively investing in renewable energy projects, such as solar, wind, and energy storage, to decrease reliance on fossil fuels. In 2024, about 42% of the electricity provided to their customers came from renewable resources.

• Investing in renewable energy infrastructure.
• Reducing greenhouse gas emissions.
• Supporting policies that promote clean energy.

3. Future:

This aspect highlights Edison International's forward-thinking approach and commitment to long-term sustainability. The company is focused on developing innovative solutions and technologies that will shape the future of energy. The company plans to invest $4-5 billion annually in grid modernization and clean energy projects over the next few years.

Edison International (EIX) Vision Statement of

Edison International's vision is to lead the transformation of the electric power industry toward a clean energy future. This vision reflects the company's commitment to addressing climate change and meeting the evolving energy needs of its customers and communities. The company is focused on innovation, sustainability, and customer service, striving to create a future where electricity is cleaner, more reliable, and accessible to all. Edison International aims to be at the forefront of this energy transition, driving progress through strategic investments, technological advancements, and collaborative partnerships. The company's dedication to a clean energy future is evident in its various initiatives and goals aimed at reducing greenhouse gas emissions and promoting renewable energy sources.

Edison International's commitment is reflected in its financial and operational strategies. The company's focus on sustainability and clean energy is not just an environmental stance but also a business imperative, aligning with global trends and regulatory requirements. More information about Edison International can be found at: Edison International (EIX): History, Ownership, Mission, How It Works & Makes Money.

The main components of Edison International's vision include:

• Leading the Transformation:

Edison International aims to be a leader in the electric power industry's shift towards new energy solutions. This involves taking proactive steps to adopt innovative technologies and sustainable practices. The company's leadership is demonstrated through its investments in renewable energy projects and its advocacy for policies that support a cleaner energy economy.

• Clean Energy Future:

At the core of Edison International's vision is the pursuit of a clean energy future. This includes reducing reliance on fossil fuels and increasing the use of renewable energy sources such as solar, wind, and energy storage. The company is dedicated to achieving significant reductions in greenhouse gas emissions and promoting environmental stewardship.

• Innovation and Technology:

Edison International recognizes the importance of innovation and technology in achieving its vision. The company is committed to investing in research and development to advance new energy technologies and improve the efficiency and reliability of its infrastructure. This includes exploring smart grid technologies, energy storage solutions, and other innovations that can help transform the electric power industry.

• Sustainability:

Sustainability is a key aspect of Edison International's vision, encompassing environmental, social, and economic considerations. The company is committed to operating in a responsible and sustainable manner, minimizing its environmental impact, and contributing to the well-being of the communities it serves. This includes promoting energy efficiency, reducing waste, and supporting community development initiatives.

• Customer Focus:

Edison International places a strong emphasis on meeting the evolving needs of its customers. The company is dedicated to providing reliable, affordable, and clean energy solutions that enhance the quality of life for its customers. This includes offering innovative products and services, improving customer service, and engaging with customers to promote energy conservation and sustainability.

Edison International reported $16.4 billion in operating revenues for the year 2024, with a net income of $1.1 billion. The company's capital expenditures for 2024 were $5.2 billion, reflecting its ongoing investments in infrastructure and clean energy projects. These financial figures highlight Edison International's commitment to achieving its vision through strategic investments and operational excellence.

Edison International (EIX) Core Values of

Edison International's core values reflect its commitment to delivering clean and reliable energy while prioritizing safety, integrity, and community engagement. These values guide the company's operations and strategic decisions, shaping its culture and interactions with stakeholders. You can learn more about Edison International at: Edison International (EIX): History, Ownership, Mission, How It Works & Makes Money

Safety

Safety is a paramount core value for Edison International, influencing every aspect of its operations. The company is dedicated to ensuring the safety of its employees, customers, and the communities it serves. This commitment is demonstrated through comprehensive training programs, rigorous safety protocols, and continuous improvement initiatives aimed at preventing accidents and minimizing risks.

Examples of Edison International's commitment to safety include:

• Implementing advanced technologies to monitor and maintain infrastructure, reducing the likelihood of equipment failures and safety incidents.
• Conducting regular safety audits and assessments to identify potential hazards and implement corrective actions.
• Providing employees with ongoing safety training and resources to promote a culture of safety awareness and accountability.

Integrity

Integrity is a cornerstone of Edison International's corporate culture, guiding its ethical conduct and commitment to transparency and accountability. The company upholds the highest standards of integrity in all its dealings, fostering trust among stakeholders and ensuring compliance with laws and regulations.

Edison International demonstrates its commitment to integrity through:

• Maintaining a comprehensive code of ethics that outlines expected standards of conduct for all employees.
• Providing channels for reporting ethical concerns and ensuring that all reports are thoroughly investigated.
• Promoting a culture of transparency by openly communicating with stakeholders about its operations, performance, and challenges.

Customer Service

Edison International places a high value on providing exceptional customer service, striving to meet the evolving needs and expectations of its customers. The company is committed to delivering reliable and affordable energy while providing responsive and personalized support.

Examples of Edison International's dedication to customer service include:

• Investing in smart grid technologies to enhance grid reliability and provide customers with greater control over their energy usage.
• Offering a variety of customer assistance programs to help low-income customers manage their energy bills.
• Providing multiple channels for customers to access information, report issues, and receive support, including online, phone, and in-person services.

Operational Excellence

Edison International is committed to operational excellence, continuously seeking to improve its efficiency, productivity, and performance. The company embraces innovation and invests in advanced technologies to optimize its operations and deliver value to its customers and shareholders.

Edison International demonstrates its commitment to operational excellence through:

• Implementing lean management principles to streamline processes, reduce waste, and improve efficiency.
• Investing in renewable energy sources and energy storage technologies to reduce its carbon footprint and enhance grid resilience.
• Utilizing data analytics to monitor and optimize system performance, identify potential issues, and improve decision-making.

Community Engagement

Edison International recognizes its responsibility to be a good corporate citizen and is actively involved in supporting the communities it serves. The company invests in programs and initiatives that promote economic development, education, and environmental stewardship.

Examples of Edison International's commitment to community engagement include:

• Supporting local charities and non-profit organizations through corporate giving and employee volunteerism.
• Providing educational programs and resources to promote energy efficiency and conservation in schools and communities.
• Partnering with community organizations to develop and implement programs that address local needs and priorities.