AllAnalyst Report
logoArgusMarch 17, 2023

Edison International: Maintaining BUY

Symbols
EIX
Sector(s)
Utilities
Rating
Current Price
$70.82
Price Target
Earnings Estimate
Summary

Edison International is an electricity generation, distribution, and wholesale utility in Southern California, focused on delivery. About 20% of sales are from owned generation. EIX is a leader in renewable energy and does not use coal in its fuel mix (which includes nuclear, 8%; wind, 15%; solar, 20%; hydro, 5%; and CCGT, 5%). It has two subsidiaries: Southern California Edison (SCE), an electric utility serving 15 million people in Southern California (excluding San Diego and Los Angeles), and Edison Energy, an energy and sustainability advisory company that provides data to commercial and industrial users. In 3Q22, SCE accounted for almost 99% of overall revenue. As of the end of 2021, 86% of its customer base was residential. Edison has had litigation issues. It recently settled a range of claims, including

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