Edison International (SCE)
Edison International, through its subsidiaries, is a generator and distributor of electric power and an investor in infrastructure and energy assets, including renewable energy. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison—a regulated electric utility—and Edison Mission Group, a competitive power generation business.
Edison International's vision, Leading the Way in Electricitysm, fits its proud history and its aspirations. Together with our strong strategic plan and solid growth potential, this vision is the foundation on which we achieve superior performance for our customers and shareholders.
Southern California Edison (SCE)
Southern California Edison (SCE) is the largest electric utility in California, serving more than 13 million people in a 50,000 square-mile area of central, coastal and Southern California, excluding the City of Los Angeles and certain other cities. Based in Rosemead, California, the utility has been providing electric service in the region for more than 120 years. SCE's service territory includes more 180 cities. As of September 30, 2007, SCE had consolidated assets of approximately $27.5 billion. As of November 2007, SCE had approximately 15,500 employees.
Edison Mission Group (EMG)
Edison Mission Group (EMG) manages the competitive power generation business and other unregulated subsidiaries of Edison International. EMG is headquartered in Irvine, California.
EMG’s continuing operations consist of owned or leased interests in 30 power generation facilities, with an aggregate capacity of 10,634 megawatts (MW), of which EMG's ownership share is 9,464 MW.
EMG’s power generation assets include fossil-fuel power plants in California, Illinois, Pennsylvania, Washington, West Virginia and Doga, Turkey; a biomass facility in New York; and one of the largest portfolios of wind energy projects in the U.S., with 18 projects currently in operation or under construction in Iowa, Minnesota, New Mexico, Oklahoma, Pennsylvania, Texas and Wyoming. EMG is working through joint development agreements to advance wind projects in additional states, including Illinois, Maine, Maryland, Nebraska, New York, Pennsylvania, Utah, West Virginia, Wisconsin and Wyoming.
Edison Mission Energy (EME), a subsidiary of EMG which is also based in Irvine, California, is an independent power producer engaged in the business of owning, leasing, operating and selling energy and capacity from electric power generation facilities. EME conducts price risk management and energy trading activities through Edison Mission Marketing and Trading (EMMT), which is based in Boston.
Headquartered in Chicago, EMG subsidiary Midwest Generation (MWG) operates six electric power generating plants in Illinois and supervises operation of the EME Homer City Generation plant in Homer City, Pennsylvania. The MWG and Homer City plants are merchant plants, producing power that is not committed to be sold under long-term contracts. Most of these plants' output is sold into the PJM Interconnection, LLC, commonly referred to as the PJM marketplace (Pennsylvania-Jersey-Maryland), a 13-state region which extends from the Atlantic coast westward to Illinois.
EMG subsidiary Edison Mission Operation & Maintenance, Inc. (EMOMI) operates eight natural gas power plants in partnership with other companies in California and a waste coal plant in West Virginia. EMOMI also operates wind farms located in Iowa, New Mexico, Oklahoma and Texas. Power from these facilities is sold under contracts to various utilities.
The capital and financial services business of EMG is managed by the Irvine, California-based Edison Capital subsidiary, which has investments worldwide in energy and infrastructure projects, including power generation, electric transmission and distribution, transportation and telecommunications. Edison Capital also has investments in affordable housing projects located throughout the United States.
This Corporate Profile contains estimates, projections and other forward looking statements that involve risks and uncertainties. Actual results or outcomes could differ materially as a result of such factors as the outcome of state and federal regulatory proceedings the impacts of new laws and regulations on the Company and its subsidiaries, changes in prices of electricity and cost for fuel, factors affecting non-utility investments, such as construction and operation risks, and increases in financing costs, and other matters discussed in the Company’s 2006 Annual Report to Shareholders and Annual Report on Form 10-K for the year ended December 31, 2007 and subsequent Reports on Form 10-Q and 8-K. This information is not intended to induce, or for use in connection with, any sale or purchase of securities. Under no circumstances is this information or any part of its contents to be considered a prospectus or as on offer to sell, or the solicitation of an offer to buy, any security.