Edison International, through its subsidiary, Southern California Edison Company (SCE), engages in the business of supplying and delivering electricity. SCE supplies and delivers electricity to an approximately 50,000 square mile area of southern California. The company also owns Edison Energy Group, a company that holds interests in subsidiaries that engage in competitive businesses focused on providing energy services to commercial and industrial customers, including distributed resources, engaging in competitive transmission opportunities, and exploring distributed water treatment and recycling. SCE supplies electricity to its customers through extensive transmission and distribution networks. Its transmission facilities, which include sub-transmission facilities and are located primarily in California and also in Nevada and Arizona, deliver power from generating sources to the distribution network and consist of lines ranging from 33 kV to 500 kV and substations. SCE's distribution system, which takes power from substations to customers, includes approximately 53,000 line miles of overhead lines; 38,000 line miles of underground lines; and approximately 800 distribution substations, all of which are located in California. SCE serves approximately 5 million customers in its service area. Major Transmission Projects Tehachapi: The Tehachapi Project consists of new and upgraded electric transmission lines and substations between eastern Kern County and San Bernardino County, and is undertaken to bring renewable resources in Kern County to energy consumers in the Los Angeles basin and the California energy grid. West of Devers: The West of Devers Project upgrades SCE's existing West of Devers transmission line system by replacing a portion of the existing 220 kV transmission lines and associated structures with higher-capacity transmission lines and structures. The West of Devers Project is intended to facilitate the delivery of electricity produced by new electric generation resources that are being developed or planned in eastern Riverside County. Mesa Substation: The Mesa Substation Project consists of demolishing the existing 220 kV Mesa Substation and constructing a new 500 kV substation. SCE has filed its permit to construct the project with the California Public Utilities Commission (CPUC). SCE expects approval on the permit to construct by the fourth quarter of 2016. Seasonality Due to warm weather during the summer months and SCE's rate design, operating revenue during the third quarter of each year (year ended December 2015) is generally higher than the other quarters. Regulation As a public utility holding company, the company is subject to the Public Utility Holding Company Act. The Public Utility Holding Company Act primarily obligates the company and its utility subsidiaries to provide access to their books and records to the Federal Energy Regulatory Commission (FERC) and the CPUC for ratemaking purposes. The construction, planning and project site identification of SCE's transmission lines and substation facilities require the approval of many governmental agencies and compliance with various laws in addition to the CPUC and FERC. These include various state regulatory agencies depending on the project location; the California Independent System Operator, and other environmental, land management and resource agencies, such as the Bureau of Land Management, the U.S. Forest Service, the California Department of Fish and Game, and the California Coastal Commission; and regional water quality control boards. In addition, to the extent that SCE transmission line projects pass through lands owned or controlled by Native American tribes, consent and approval from the affected tribes and the Bureau of Indian Affairs are also necessary for the project to proceed. Regulations under the federal Clean Water Act dictate permitting and mitigation requirements for many of SCE's construction projects, and govern critical parameters at generating facilities, such as the temperature of effluent discharges and the location, design, and construction of cooling water intake structures at generating facilities. SCE's operations in California are subject to two laws governing greenhouse gas emissions. The first law, the California Global Warming Solutions Act of 2006 (also referred to as AB 32), establishes a program to reduce greenhouse gas emissions. The second law, SB 1368, required the CPUC and the California Energy Commission to adopt greenhouse gas emission performance standards that apply to California investor-owned and publicly owned utilities' long-term arrangements for the purchase of electricity. History Edison International was founded in 1886. The company was incorporated in 1987.
edison international (EIX:New York)
2244 Walnut Grove Avenue
PO Box 976
Rosemead, CA 91770
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