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February 09, 2016 9:03 AM 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 14 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 Ed...

2244 Walnut Grove Avenue

PO Box 800

Rosemead, CA 91770

United States

Founded in 1896

13,600 Employees

Phone:

626-302-1212

Key Executives for Southern California Edison Company

President and Director
Age: 49
Chief Financial Officer and Senior Vice President
Age: 51
Director, Chairman of Edison International, Chief Executive Officer of Edison International and President of Edison International
Age: 63
Senior Vice President and General Counsel
Age: 63
Senior Vice President of Power Supply & Operations Support
Age: 51
Compensation as of Fiscal Year 2015.

Southern California Edison Company Key Developments

Southern California Edison Receives California Public Utilities Commission Approval for Charge Ready Pilot Program

Southern California Edison received the approval from state regulators to begin a pilot project to support installation of as many as 1,500 electric vehicle charging stations within its service territory. The California Public Utilities Commission's approval clears the way for SCE to begin implementing its $22 million 'Charge Ready' program to get more electric vehicle charging stations installed in locations where people park their cars for extended periods of time. The company described the Charge Ready program as a partnership in which the utility will install and maintain the supporting electrical infrastructure, the cost of which will be covered by the program, while participants will own, operate and maintain qualified charging stations. As an incentive to participate in the program, SCE will also offer rebates of between 25 and 100% of the base cost of the charging stations and their installation, depending on location and market segment. The program also calls for at least 10% of the charging stations to be installed in disadvantaged communities. At the conclusion of the pilot, SCE will seek authority from the CPUC to expand the program to bring the total number of charging stations to about 30,000 for a total estimated cost of $355 million.

Southern California Edison Receives CPUC's Approval for ‘Charge Ready’ Pilot Program

Southern California Edison received the green light from state regulators to begin a pilot project to support installation of as many as 1,500 electric vehicle charging stations within its service territory. The California Public Utilities Commission’s approval clears the way for SCE to begin implementing its $22 million “Charge Ready” program to get more electric vehicle charging stations installed in locations where people park their cars for extended periods of time. For example, at workplaces, campuses, recreational areas and apartment and condominium complexes. Choi described the Charge Ready program as a partnership in which the utility will install and maintain the supporting electrical infrastructure, the cost of which will be covered by the program, while participants will own, operate and maintain qualified charging stations.

Department of Justice Lodges Proposes Consent Decree with United States District Court for the Central District of California, Western Division, in the Lawsuit against Multiple Companies

On December 29, 2015, the Department of Justice lodged a proposed Consent Decree with the United States District Court for the Central District of California, Western Division, in the lawsuit entitled United States and State of California Department of Toxic Substances Control v. AC Products, Inc., et al. Civil Action No. 2:15-cv-09931. The United States and the State of California filed this lawsuit under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) against the following defendants for recovery of response costs which each incurred to address environmental contamination at the Cooper Drum Company Superfund Site located in Los Angeles County, California (site): Quaker Chemical Corporation; Rathon Corp.; Shell Chemical LP; Shell Oil Company; SOCO West, Inc.; Southern California Edison; Southern Counties Oil Co.; Sta-Lube LLC f/k/a Sta-Lube, Inc.; Stuarts' Petroleum; Texaco Downstream Properties Inc.; The Boeing Company; The Valspar Corporation; Union Oil Company of California; and Univar USA Inc. The complaint names the above-listed companies as defendants based on their business relationship with the Cooper Drum Company which operated a drum reconditioning business at the Site and which accepted drums from each defendant that contained residues of hazardous substances. The Complaint also seeks declaratory relief for all future costs to be incurred. The Consent Decree resolves these claims through the payment of $5,539,266 to the United States and $53,599 to the State of California in partial recovery of response costs. In addition, the defendants are obligated under the Consent Decree to reimburse the United States and the State of California for all future response costs and to perform the remedial action that EPA selected for the Site. In return, the United States and the State of California agree not to sue the defendants under sections 106 and 107 of CERCLA.

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