December 29, 2014 9:51 AM ET

Electric Utilities

Company Overview of Southern California Edison Company

Company Overview

Southern California Edison Company, a public utility, is engaged in the generation and supply of electricity in Southern California. It generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic resources. The company’s distribution system includes approximately 53,000 line miles of overhead lines, 37,000 line miles of underground lines, and approximately 800 distribution substations. It serves approximately 14 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 California Edison Company is a subsidiary of Edison Internatio...

2244 Walnut Grove Avenue

PO Box 800

Rosemead, CA 91770

United States

Founded in 1896

13,599 Employees

Phone:

626-302-1212

Key Executives for Southern California Edison Company

President
Age: 48
Chief Financial Officer and Senior Vice President
Age: 50
Director
Age: 62
Senior Vice President and General Counsel
Age: 62
Senior Vice President of Power Supply and Operations Support
Age: 50
Compensation as of Fiscal Year 2014.

Southern California Edison Company Key Developments

San Diego County Activists Sues Southern California Edison Co. and State Electric Power Regulators

A group of mainly San Diego County activists is suing Southern California Edison Co. and state electric power regulators over more than $3 billion in costs to close the San Onofre nuclear power plant. The complaint filed in U.S. District Court in San Diego accuses Rosemead-based Edison, the California Public Utilities Commission and two of its members, President Michael Peevey and Michael Florio, of illegally collecting money from approximately 17 million utility customers in Southern California. The payments were used to pay $700 million for failed equipment to produce steam to run turbines that generate electricity. Failure of the steam generators in January of 2012 forced Edison executives to permanently close San Onofre, located near San Clemente, in June of last year. The legal move is the latest in a series of protests by some ratepayer groups over a PUC proposed settlement. The controversial agreement, which could come before the five-member commission as early as next week, would divvy up the costs of shuttering the massive, 2,200-megawatt plant, which produced enough power to run approximately 2.9 million homes in Southern California. The proposed settlement would seek $3.3 billion over 10 years from ratepayers and $1.4 billion from Edison stockholders.

Southern California Edison Signs Contracts for 2,221MW of Power from New Resources

Southern California Edison or 'SCE' has signed contracts for 2,221MW of power from new resources to meet its customers' electricity needs. The 2,221 megawatts will represent roughly 10% of SCE's current total customer peak usage and is enough to power about 950,000 average homes. The new contracts result from a plan recommended by SCE in response to state forecasts of local reliability needs due to the closure of the San Onofre Nuclear Generating Station and anticipated retirement of older, natural gas generation plants along the Southern California coastline that rely on ocean water for their cooling needs. In this solicitation, SCE received more than 1,800 final offers and, for the first time, a wide range of resource types were evaluated in a head-to-head competition to meet a specific reliability objective. In addition to five offers with new natural gas generation plants, SCE selected 69 offers from preferred resources and energy storage facilities. Preferred resources are methods of delivering electricity that are cleaner, or more environmentally sustainable, than traditional resources.

Southern California Edison Company Presents at The Third Annual Los Angeles & Southwest Data Center Summit, Dec-17-2014

Southern California Edison Company Presents at The Third Annual Los Angeles & Southwest Data Center Summit, Dec-17-2014 . Venue: Los Angeles, California, United States.

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