Edison International

US Secretary of Energy Jennifer M. Granholm to Address CERAWeek by S&P Global in Houston, March 18-22

Retrieved on: 
Wednesday, February 28, 2024
EDP, AES, Dow, Siemens Energy, Cheniere Energy, CERAWeek, AI, TotalEnergies, Mining, Mineral, PETRONAS, Climate, Edison International, SLB, Woodside Energy, Freeport-McMoRan, Portland General Electric, Kuwait Petroleum Corporation, Hydrogen, Carbon, ConocoPhillips, Accenture, S&P Global, Automation, Policy, Accreditation, ExxonMobil, Partner, Management

HOUSTON, Feb. 28, 2024 /PRNewswire/ -- U.S. Secretary of Energy Jennifer M. Granholm will deliver a plenary address to delegates at the 42nd annual CERAWeek by S&P Global, March 18-22 in Houston.

Key Points: 
  • The week-long event will also include the CERAWeek Innovation Agora , serving as the center of technology and innovation programming at the conference.
  • The 2024 program will also feature expanded " Agora Hubs "—dedicated areas focused on climate, hydrogen and carbon.
  • Members of the media interested in covering CERAWeek 2024 are required to apply for accreditation.
  • Applications are subject to approval and can be submitted at the following link: https://reg.spglobal.com/flow/spglobal/ceraweek24/mediareg/login

CERAWeek by S&P Global 2024 to Convene Energy CEOs, Government Officials and Business and Technology Leaders in Houston, March 18-22

Retrieved on: 
Monday, February 26, 2024
EDP, Siemens Energy, Cheniere Energy, Mining, Edison International, COP28, CCUS, Climate, Policy, Energy, ExxonMobil, Partner, Metal, Sustainability, TotalEnergies, Mineral, Woodside Energy, Portland General Electric, Hydrogen, Uncertainty, AES, PETRONAS, Carbon, Transition, S&P, Accenture, S&P Global, Automation, Accreditation, Dow, Face, Innovation, CERAWeek, AI, SLB, Freeport-McMoRan, Kuwait Petroleum Corporation, ConocoPhillips, Management

HOUSTON, Feb. 26, 2024  /PRNewswire/ -- The 42nd annual gathering of CERAWeek by S&P Global—the world's preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, March 18-22 in Houston.

Key Points: 
  • Learn more at www.ceraweek.com
    HOUSTON, Feb. 26, 2024 /PRNewswire/ -- The 42nd annual gathering of CERAWeek by S&P Global—the world's preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, March 18-22 in Houston.
  • "The increasing focus on energy transition following COP28 coincides with a growing realization of just how complex the road ahead will be," said Yergin.
  • Meeting those challenges, and realizing the promise, of the new energy future will be the focus of the world's energy leaders at CERAWeek 2024 in Houston."
  • The CERAWeek 2024 conference program will explore key themes related to:
    Energy Markets – How will supply and demand balance in a world of uncertainty?

AiDash Raises $50 Million to Safeguard Critical Infrastructure From Climate Change-related Threats

Retrieved on: 
Tuesday, January 23, 2024
Green Technology, Satellite, Environment, Sustainability, Software, Artificial Intelligence, Venture Capital, Finance, Environmental Health, Data Management, Professional Services, Technology, Other Natural Resources, Utilities, Oil, Gas, Natural Resources, Energy, Climate Change, Weather, Rail transport by country, Risk, Carbon, BNG, IVMS, Grazing, Alabama Power, Series, Edison International, Safety, Ash, Organization, O&M, IEMS, Operation, Software as a service, Monitoring, AI, ARR, Climate change, Schneider Electric, Water, Integrity, CRIS, ROI, Nature, Wildfire, David Gal, Forecasting, Biodiversity, Multimedia, Erosion, ISMS, Climate, Government, Ageing, Renewable energy

AiDash , an enterprise SaaS company making critical infrastructure industries climate-resilient and more sustainable with satellites and AI, today announced that it received $50 million in funding, bringing the total raised to date to $83 million.

Key Points: 
  • AiDash , an enterprise SaaS company making critical infrastructure industries climate-resilient and more sustainable with satellites and AI, today announced that it received $50 million in funding, bringing the total raised to date to $83 million.
  • Funds will be used to fuel growth as AiDash anticipates nearly doubling its team of 300 over the next two years.
  • “Our aging infrastructure is breaking under the strain of environmental change, putting lives at risk,” said Abhishek Singh, Co-founder and CEO of AiDash.
  • To learn more about all the ways in which AiDash is supporting climate resiliency and sustainability, please visit www.aidash.com .

Edison International Raises Common Stock Dividend 5.8%; 20th Consecutive Annual Increase

Retrieved on: 
Thursday, December 14, 2023
Energy, Other Energy, Utilities, Growth, Series, NYSE, Southern California Edison, Edison International, EPS, International, Holding company

Edison International (NYSE: EIX) today declared a quarterly common stock dividend of $0.78 per share, payable on Jan. 31, 2024, to shareholders of record on Dec. 29, 2023.

Key Points: 
  • Edison International (NYSE: EIX) today declared a quarterly common stock dividend of $0.78 per share, payable on Jan. 31, 2024, to shareholders of record on Dec. 29, 2023.
  • This action increases the annual dividend by $0.17 per share.
  • The 2024 annual dividend rate will be $3.12 per share, an increase of 5.8% from the current annual dividend rate of $2.95 per share.
  • This marks the 20th consecutive annual increase in Edison International’s dividend, which delivers an attractive yield and remains a key component of the company’s total return proposition,” said Pedro J. Pizarro, president and CEO of Edison International.

Edison International Announces Expiration and Results of Tender Offers for Its 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B and 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A

Retrieved on: 
Thursday, November 16, 2023
Green Technology, Alternative Energy, Energy, Environment, Utilities, NYSE, Security (finance), International, Edison International, Expiration, Security, Mizuho Securities, Offers, Expiration date, Reinsurance, Series

The Offers expired on November 16, 2023 at 8:00 a.m., New York City time (the “Expiration Date”).

Key Points: 
  • The Offers expired on November 16, 2023 at 8:00 a.m., New York City time (the “Expiration Date”).
  • Based on the count by the depositary for the Offers, as of the Expiration Date, $84,223,000 aggregate liquidation preference of Series B Preferred Stock and $61,497,000 aggregate liquidation preference of Series A Preferred Stock have been validly tendered and not validly withdrawn.
  • All conditions to the Offers were deemed satisfied or waived by the Company by the Expiration Date.
  • Barclays Capital Inc., Citigroup Global Markets Inc. and Mizuho Securities USA LLC have acted as dealer managers for the Offers.

The Alliance for SoCal Innovation Secures $25,000 Grant from Edison International to Launch "The SoCal Venture Pipeline - Edison Track"

Retrieved on: 
Wednesday, November 15, 2023
Climate, Southern California Edison, Ecosystem, Edison International, Capital, SVP

LOS ANGELES, Nov. 15, 2023 /PRNewswire/ -- The Alliance for Southern California Innovation (the "Alliance") is thrilled to announce the receipt of a generous $25,000 grant from Edison International to establish "The SoCal Venture Pipeline - Edison Track".

Key Points: 
  • LOS ANGELES, Nov. 15, 2023 /PRNewswire/ -- The Alliance for Southern California Innovation (the "Alliance") is thrilled to announce the receipt of a generous $25,000 grant from Edison International to establish "The SoCal Venture Pipeline - Edison Track".
  • This innovative initiative aims to augment the existing SoCal Venture Pipeline ("SVP") program, further propelling Southern California's entrepreneurial ecosystem.
  • The Edison Track is designed to provide select SVP applicants with a specialized program, complementing the standard benefits offered by the SoCal Venture Pipeline.
  • To learn more about the SoCal Venture Pipeline and the Alliance for SoCal Innovation, please visit https://alliancesocal.org/programs/venture-pipeline/
    Applicants for the SoCal Venture Pipeline may apply here: https://alliancesocal.org/programs/venture-pipeline/svpapp/
    No separate application is needed.

ELEMENT ENERGY CLOSES $111 MILLION CAPITAL RAISE FROM STRATEGIC INVESTORS

Retrieved on: 
Wednesday, November 15, 2023
Economics, O&M, Safety, NYSE, Business development, Life, Entrepreneurship, Eastern European Group, EVS, MHI, IRA, Edison International, Uncertainty, Venture round, Series, Inflation, Far Eastern Group, UL, Software, Software as a service, Certification, MOU, Key frame, Renewable energy, Electric battery, Element

MENLO PARK, Calif., Nov. 14, 2023 /PRNewswire/ -- Element Energy ("Element"), a Menlo Park-based Battery Management Technology company, today announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. ("Keyframe"). 

Key Points: 
  • MENLO PARK, Calif., Nov. 14, 2023 /PRNewswire/ -- Element Energy ("Element"), a Menlo Park-based Battery Management Technology company, today announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. ("Keyframe").
  • Dr. Tony Stratakos, CEO and Co-Founder, Element Energy, said, "We founded Element with the mission to speed the adoption of clean energy with technology honed in the semiconductor industry.
  • "MHI is committed to the energy transition, and energy storage systems are an important piece of the energy transition equation.
  • Mark Norman, Managing Partner of FM Capital, said, "FM Capital has been impressed by the team at Element since our first meeting.

Edison International Announces Waiver of Minimum Tender Condition and Extension of Tender Offers for Its 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B and 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A

Retrieved on: 
Wednesday, November 8, 2023
Utilities, Energy, ACT, MAKE, ITS, Name, Security (finance), NYSE, International, Expiration, Person, Security, Bangladesh Securities and Exchange Commission, Edison International, Trust, LAWS, AT, ARE, NOR, Expiration date, Mizuho Securities, Barclays Capital Inc. v. Theflyonthewall.com, Inc., Offers, Series

The Company has waived the Minimum Tender Condition such that the Offers are no longer conditioned upon the Minimum Tender Condition.

Key Points: 
  • The Company has waived the Minimum Tender Condition such that the Offers are no longer conditioned upon the Minimum Tender Condition.
  • The Offer Materials contain important information that holders are urged to read before any decision is made with respect to either of the Offers.
  • Barclays Capital Inc., Citigroup Global Markets Inc. and Mizuho Securities USA LLC are acting as dealer managers for the Offers.
  • THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR SOLICITATION TO PURCHASE SECURITIES.

Edison International Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Energy, Other Energy, Utilities, SCE, NYSE, International, Edison International, GAAP, Growth, EPS, Risk, Chart, FERC, Customer service, Table, Video game, Pharmaceutical industry, Risk management

Edison International Parent and Other’s third-quarter core loss per share increased year over year, primarily due to higher interest expense.

Key Points: 
  • Edison International Parent and Other’s third-quarter core loss per share increased year over year, primarily due to higher interest expense.
  • “We are pleased with our performance year to date and, combined with the outlook for the fourth quarter, we are confident in reaffirming our 2023 core EPS guidance range,” said Pedro J. Pizarro, president and CEO of Edison International.
  • Management’s third quarter 2023 review included a review of information obtained from settling claims in the 2017/2018 Wildfire/Mudslide Events litigations through the third quarter of 2023, including higher than expected costs to settle claims.
  • As a result of management's third quarter 2023 review, a $475 million increase in estimated losses for the 2017/2018 Wildfire/Mudslide Events as of September 30, 2023 was recorded.

Commercial Sector Set to Lead Energy as a Service (EaaS) Market Growth with 8.95% CAGR, While Smart Grids and Advanced Engineering Drive Trends - ResearchAndMarkets.com

Retrieved on: 
Thursday, October 12, 2023
Alternative Energy, Manufacturing, Energy, Engineering, Utilities, Investment, COVID-19, Electricite du Laos F.C., Urbanization, General Electric Company, Wind, Johnson, ABB, Automation, Centrica, Internet, Edison International, CO2, Communication, Siemens, Electricity, Honeywell, Cloud computing, Operational definition, AltaGas, Environment, Growth, ENGIE, GE, EDF Renewables, Schneider Electric, Software, Enel, Danish Defence Maintenance Service, Internet of things, Commercial, Renewable energy, Service

Energy as a service (EaaS) is a transformative solution that promotes the adoption of advanced, low-carbon technologies.

Key Points: 
  • Energy as a service (EaaS) is a transformative solution that promotes the adoption of advanced, low-carbon technologies.
  • By Service Type: The global energy as a service market is segmented into three key service types: Energy Supply Services, Operational and Maintenance Services, and Energy Efficiency & Optimization Services.
  • The region is witnessing increased investments in smart energy infrastructure, renewable energy sources, and urbanization, driving market growth.
  • Consequently, the installation of smart grids is expected to increase in the coming years, further boosting the growth of the EaaS market.