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Stock Market & Financial Investment News

News Breaks
June 2, 2014
17:31 EDTEIXEdison International responds to EPA's proposal to control emissions
The following is a statement from Ted Craver, Chairman and CEO of Edison International, parent company of Southern California Edison, on the Environmental Protection Agency’s proposal to control greenhouse gas emissions: “Southern California Edison is still reviewing the proposed U.S. Environmental Protection Agency rules regarding carbon emissions from existing power plants. We look forward to responding to the EPA request for comments on a wide range of issues embodied in this proposed rule. Significant review is needed to confirm that the basis for future carbon reductions by the states is equitable and achievable. We believe that addressing climate change through greenhouse gas reductions in a balanced and responsible manner is an important public policy goal. California is a national leader in reducing carbon emissions through a market-based system. Southern California Edison has been a leader in implementing the policies and programs of the State of California to reduce GHG emissions through broad-based energy efficiency programs, support of electric vehicle adoption, and commitment to meeting the 33 percent renewable energy standard through solar, wind and other clean energy sources. Actions of this type by one state alone will not reverse the global path of increased GHG emissions, but they can provide leadership through large-scale examples. We support action at the national level to move in a similar direction, with lessons learned from the California experience, and proper regulatory credit given to those who have taken early action.”
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September 26, 2014
06:51 EDTEIXEdison International management to meet with Deutsche Bank
Meeting to be held in Boston on September 26 hosted by Deutsche Bank.
September 24, 2014
11:14 EDTEIXEdison International unit signs amended settlement agreement
Edison International's subsidiary, Southern California Edison, San Diego Gas & Electric, The Utility Reform Network, the California Public Utilities Commission Office of Ratepayer Advocates, Friends of the Earth and the Coalition of California Utility Employees signed an amended Settlement Agreement in the San Onofre Nuclear Generating Station Units 2 and 3 Order Instituting Investigation proceeding. The Amended Settlement Agreement reflects changes requested by the Assigned Commissioner and Administrative Judges’ Ruling that was issued on September 5. The changes adjust the customer/ratepayer portion of third party recoveries, address increased emissions, and increase oversight of revised rate calculations by the CPUC, among other matters. Provisions were added to the Amended Settlement Agreement regarding the funding of a Research, Development and Demonstration program at the University of California that is intended to develop technologies and methodologies to reduce greenhouse gas emissions, particularly at existing and future California power generating plants that will be replacing the power generated by the San Onofre plant that would total approximately $4M per year for five years for SCE's share.
September 22, 2014
06:17 EDTEIXEdison unit, others file joint response to ACR ruling
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