Edison International

Our companies include one of the nation’s largest electric utilities and businesses that serve commercial and industrial customers. At Edison International, our vision is to lead the transformation of the electric power industry toward a clean energy future. Through our subsidiaries, we generate and distribute electric power, as well as provide energy services and technologies, including renewable energy. With almost 140 years of innovation in our history, our company is well-positioned and prepared for the work that lies ahead as we focus on opportunities in clean energy, efficient electrification, the grid of the future, and customer choice to strengthen and grow our business. Edison International's subsidiary, Southern California Edison, is one of the largest electric utilities in the United States and a longtime leader in renewable energy and energy efficiency. With headquarters in Rosemead, Calif., SCE serves approximately 15 million people in a 50,000 square-mile area of Central, Coastal and Southern California. SCE has provided electric service in the region since 1886.

Moving beyond the basics, while never losing focus of our core strengths. That's a key business value for Edison International. And because nothing in today's energy, financing, and retail service markets remains static, Edison International pursues opportunity wherever it can. Change can be good. Progress is better. Southern California Edison is organized to acquire all of Edison Electric Company's properties. The firm acquires Pacific Light & Power Corporation and a controlling interest in Mount Whitney Power & Electric Company. SCEcorp is formed as a holding company for Edison and new subsidiary The Mission Group. SCEcorp changes its name to Edison International; deregulation begins in California's energy sector. Edison International, formerly known as SCEcorp, acts as a holding company for Southern California Edison, one of the largest public utilities in the United States. Edison's other subsidiaries include: Edison Mission Energy, an independent power producer; Edison Capital, a unit that provides financing for energy-related projects and affordable housing; Edison Enterprises, a firm that oversees Edison's International's retail companies; and Edison O&M Services, a company that offers services related to increasing power plant efficiency. With operations in nine countries, Edison International maintains a power generation portfolio of over 28,000 megawatts and has assets exceeding $33 billion. California's deregulation and subsequent energy crisis nearly forced the company into bankruptcy in 2001. Edison International avoided insolvency by focusing on paying off debt and recovering costs related to the crisis. In the first three decades of the 20th century, the population of California grew four-and-a-half times as quickly as the total population of the United States. This growth meant a giant leap in the area's need for power, a need that was reflected in the expansion of public utilities there. By 1909 Edison Electric Company of Los Angeles was already a sizable utility concern. Over several years, Los Angeles Edison had acquired and consolidated the generating and distributing capabilities of 13 pioneer utility companies in and around Los Angeles. Southern California Edison was organized in August 1909 to acquire all of Edison's properties. In the next several years, Edison made only one minor acquisition, the Downey Light, Power and Water Company in 1914, and rather than expanding, it concentrated primarily on developing the existing electric properties and eliminating its gas properties, which were bringing in only about 6 percent of the company's gross revenues. The most important expansion in Edison's early years occurred in 1917, when the company acquired all of the assets and business of Pacific Light & Power Corporation and a controlling interest in Mount Whitney Power & Electric Company. Pacific was a rapidly growing power company controlled by H.E. Huntington and Los Angeles Railway Company and operating in the same service area as Edison. Mount Whitney was operating in the nearby agricultural area of Tulare County and had no competitors there. These acquisitions left Edison firmly in control of the electricity business in the region. Also in 1917, the city of Los Angeles purchased Edison's distribution system inside the city, and began to buy power wholesale from Edison for its municipal plant. By adding the facilities formerly belonging to Pacific, Edison more than doubled its generating capacity. Shortly after the acquisition, Edison embarked on a decade-long construction project in the area of Pacific's Big Creek hydroelectric station, transforming it from a plant capable of generating about 63,700 kilowatts of power to a huge system that included 3 reservoirs, 8 concrete dams, and 41 miles of tunnels, and that could generate more than 373,000 kilowatts of power. Through 1928, the area's population was growing so rapidly that Edison had no problem using this greatly increased capacity. Because o