December 03, 2016 7:19 PM ET

Electric Utilities

Company Overview of Southern California Edison Company

Company Overview

Southern California Edison Company, a public utility, engages in the generation, transmission, and distribution of electricity in Southern California. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic resources. Its distribution system includes approximately 53,000 line miles of overhead lines; 38,000 line miles of underground lines; and approximately 800 distribution substations. Southern California Edison Company serves approximately 5 million commercial, residential, industrial, agricultural, and other customers, as well as public authorities. The company was founded in 1896 and is based in Rosemead, California. Southern California Edi...

2244 Walnut Grove Avenue

PO Box 976

Rosemead, CA 91770

United States

Founded in 1896

12,678 Employees

Phone:

626-302-1212

Key Executives for Southern California Edison Company

Chief Executive Officer and Director
Age: 55
President
Age: 62
Chief Financial Officer and Senior Vice President
Age: 47
President of Edison International, Chief Executive Officer of Edison International and Director
Age: 50
Senior Vice President and General Counsel
Age: 64
Compensation as of Fiscal Year 2016.

Southern California Edison Company Key Developments

Jagjeet S. Bindra Notifies Edison International and Southern California Edison Company Not Stand for Re-Election to the Boards of Directors

On November 21, 2016, Edison International and Southern California Edison Company Director Jagjeet S. Bindra notified EIX and SCE that he will not stand for re-election to the EIX and SCE Boards of Directors at the 2017 annual meeting of shareholders. Mr. Bindra's decision not to stand for re-election to the EIX and SCE Boards of Directors did not involve any disagreement on any matter relating to EIX's or SCE's operations, policies or practices.

Judge Allows San Onofre Waste Lawsuit to Advance

A lawsuit filed by a group that wants to see the 3.6 million pounds of nuclear waste at the San Onofre Nuclear Generating Station (SONGS) transferred some place else - perhaps Arizona - will proceed, a Superior Court judge in San Diego has ruled. The advocacy group, Citizens Oversight, in its suit claims the California Coastal Commission was wrong in October 2015 when it approved a permit to store the spent nuclear waste in dry casks at the SONGS site within sight of the Pacific Ocean. Attorneys for the Coastal Commission and Southern California Edison (SCE) wanted the suit thrown out, saying Citizens Oversight attorney Michael Aguirre had missed a 90-day filing deadline earlier this year. SCE operates SONGS, which is in the process of being decommissioned. In a tentative ruling in August, Superior Court Judge Judith Hayes appeared to agree with the Coastal Commission and SCE attorneys, but the judge changed course and denied the motion to dismiss the case in papers filed last week.

Southern California Edison Declares Quarterly Dividend Preferred Stocks, Payable on December 15, 2016 and December 31, 2016

The Board of Directors of Southern California Edison declared a quarterly dividend on the Series F preference stock, which would result in a distribution of $0.351563 on SCE Trust I’s 5.625% Trust Preference Securities, a quarterly dividend on the Series G preference stock, which would result in a distribution of $0.31875 on SCE Trust II’s 5.10% Trust Preference Securities, a quarterly dividend on the Series H preference stock, which would result in a distribution of $0.359375 on SCE Trust III’s 5.75% Trust Preference Securities, a quarterly dividend on the Series J preference stock, which would result in a distribution of $0.335938 on SCE Trust IV’s 5.375% Trust Preference Securities, a quarterly dividend on the Series K preference stock, which would result in a distribution of $0.340625 on SCE Trust V’s 5.45% Trust Preference Securities. Each of these dividends is payable on December 15, 2016, to the holder of record on December 14, 2016. The company also declared quarterly dividend of $0.27 per share on the 4.32% series of cumulative preferred stock, payable on December 31, 2016, to shareholders of record on December 5, 2016.

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