February 24, 2017 7:31 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/liquid petroleum gas, 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 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 Califo...

2244 Walnut Grove Avenue

PO Box 800

Rosemead, CA 91770

United States

Founded in 1896

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

Southern California Edison Company Key Developments

Southern California Edison Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for 2017

Southern California Edison (SCE) announced earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the earnings per share from continuing operations attributable to the company were $1.04 against LPS of $0.25 a year ago. Core earnings per share were $1.04 against $0.89 a year ago. Net income from continuing operations attributable was $339 million against loss of $80 million a year ago. Core earnings were $339 million against $290 million a year ago. Net income increased by $419 million, or $1.29 per share, from the fourth quarter 2015. SCE's increase in net income consisted of $49 million of higher core earnings and $370 million of higher non-core earnings. The increase in core earnings was due to an increase in revenue from the escalation mechanism as set forth in the 2015 General Rate Case (GRC) and lower operations and maintenance expenses, partially offset by higher net financing costs and tax expense. For the year, the company reported the earnings per share from continuing operations attributable to the company were $4.22 against $3.06 a year ago. Core earnings per share were $4.22 against $4.20 a year ago. Net income from continuing operations attributable was $1,376 million against $998 million a year ago. Core earnings were $1,376 million against $1,368 million a year ago. Net income increased $378 million, or $1.16 per share, from 2015. The increase in core earnings was due to an increase in revenue from the escalation mechanism as set forth in the 2015 GRC and lower operations and maintenance expenses, partially offset by higher net financing costs and tax expense. For 2017, the company expects core earnings of $4.39 per share.

Southern California Edison Presents at 15th Annual Utility Supply Chain Management Conference, Jan-16-2017 04:00 PM

Southern California Edison Presents at 15th Annual Utility Supply Chain Management Conference, Jan-16-2017 04:00 PM. Venue: Hotel del Coronado, 1500 Orange Avenue, Coronado, CA 92118, United States. Speakers: Dina Reyes, Category Manager Advisor, Kenneth Landrith, Director, Supply Management, Mark Ladinig, Principal Manager, Technical Design, Tim Coughlin, Principal Manager, Supply Chain Integration.

Southern California Edison Company Announces Resignation of Peter T. Dietrich as Senior Vice President Effective from January 21, 2017

Southern California Edison Company announced that Peter T. Dietrich, who has been senior vice president of the company's transmission and distribution organization, would leave the company effective January 21, 2017.

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