Edison International (EIX) Bundle
An Overview of Edison International (EIX)
General Summary of Edison International (EIX)
Edison International, headquartered in Rosemead, California, operates as a public utility holding company. The company primarily focuses on electric power generation, transmission, and distribution through its subsidiary Southern California Edison (SCE).
Company Detail | Specific Information |
---|---|
Founded | 1886 |
Headquarters | Rosemead, California |
Total Employees | 12,915 |
Service Territory | Southern California |
Financial Performance in Latest Reporting Period
Edison International reported the following financial metrics for 2023:
Financial Metric | Amount |
---|---|
Total Revenue | $17.1 billion |
Net Income | $1.6 billion |
Earnings Per Share | $4.70 |
Industry Leadership
Edison International ranks among the top utility companies in the United States, with significant market presence in renewable energy and electric infrastructure.
- Renewable Energy Capacity: 1,500 MW
- Electric Customers Served: 5.7 million
- Grid Infrastructure Investment: $5.3 billion in 2023
Key Business Segments:
- Electric Utility Operations
- Renewable Energy Development
- Grid Modernization
Mission Statement of Edison International (EIX)
Mission Statement Overview
Edison International (EIX) Mission Statement focuses on sustainable energy transformation and delivering reliable electrical infrastructure.
Mission Statement Components
Component | Specific Details |
---|---|
Energy Sustainability | Committed to 80% carbon-free electricity generation by 2030 |
Infrastructure Investment | $7.4 billion capital expenditure planned for grid modernization in 2024 |
Customer Service | Serving 5.2 million electrical customers in California |
Strategic Focus Areas
- Renewable Energy Expansion
- Grid Reliability Enhancement
- Technological Innovation
Performance Metrics
Metric | 2024 Target |
---|---|
Carbon Emission Reduction | 50% reduction from 2015 baseline |
Renewable Energy Portfolio | 35% of total generation capacity |
Annual Investment in Clean Energy | $1.2 billion |
Key Strategic Objectives
Primary Objectives:
- Accelerate clean energy transition
- Enhance electrical grid resilience
- Provide affordable and reliable electricity
Vision Statement of Edison International (EIX)
Vision Statement Overview of Edison International (EIX) in 2024
Edison International's vision statement focuses on sustainable energy leadership, clean power transformation, and customer-centric innovation.
Key Vision Components
Clean Energy TransformationEdison International targets 100% carbon-free electricity generation by 2045. Current renewable energy portfolio includes:
Energy Source | Current Percentage | Projected Growth |
---|---|---|
Solar Power | 22% | 35% by 2030 |
Wind Energy | 15% | 25% by 2030 |
Battery Storage | 8% | 20% by 2030 |
- $5.7 billion infrastructure investment planned for 2024-2026
- Smart grid technology deployment across California
- Advanced metering infrastructure expansion
Edison International's customer-focused vision includes:
Initiative | Investment | Target Impact |
---|---|---|
Electric Vehicle Charging Network | $450 million | 500 new charging stations by 2025 |
Residential Solar Programs | $320 million | 100,000 new residential solar connections |
R&D investment of $275 million in 2024 targeting:
- Advanced energy storage solutions
- Artificial intelligence grid management
- Predictive maintenance technologies
Core Values of Edison International (EIX)
Core Values of Edison International (EIX) in 2024
Safety First
Edison International prioritizes safety as a critical core value across all operations.
Safety Metric | 2024 Data |
---|---|
Total Recordable Injury Rate | 0.72 per 200,000 hours worked |
Safety Training Hours | 54,320 employee hours |
Environmental Stewardship
Commitment to sustainable energy solutions drives Edison International's environmental strategy.
- Renewable Energy Generation: 3,412 MW
- Carbon Reduction Target: 80% by 2030
- Investment in Clean Energy: $1.2 billion in 2024
Customer Reliability
Ensuring consistent and dependable energy delivery remains a top priority.
Customer Service Metric | 2024 Performance |
---|---|
System Average Interruption Duration Index (SAIDI) | 0.89 hours per customer |
Customer Satisfaction Rating | 4.6/5.0 |
Innovation and Technology
Edison International invests significantly in technological advancement.
- R&D Expenditure: $287 million in 2024
- Smart Grid Technologies Implemented: 42 new projects
- Digital Transformation Initiatives: 18 major technology upgrades
Diversity and Inclusion
Commitment to building a diverse and inclusive workplace.
Diversity Metric | 2024 Representation |
---|---|
Women in Leadership Positions | 38% |
Minority Employee Representation | 45% |
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