Edison International
- 거래소
- 미국
- 국가 / 지역
- USA
- 상장일
- 1980년 1월 2일
- 직원 수
- 13,725
- 웹사이트
- www.edison.com
종합 밸류에이션 구간 · 보수적 $45–$55 / 적정 $65–$80 / 낙관적 $95–$110. $78.64 기준, 적정 내재가치 구간 내.
보고서 발행 시 $71.66（2026년 5월 28일）
데이터 제공: EODHD, 보고 통화 기준 표시. 참고용일 뿐 투자 자문이 아닙니다.
Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers through its electrical infrastructure to an approximately 50,000 square-mile area of southern, central, and coastal California. It serves residential, commercial, industrial, public authorities, agricultural, street lighting, and other sectors. The company's distribution network consists of approximately 13,000 circuit-miles of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; and approximately 38,000 circuit-miles of overhead lines, approximately 32,000 circuit-miles of underground lines, and approximately 730 distribution substations. Edison International was founded in 1886 and is based in Rosemead, California.
연혁
Edison International was founded in 1886 and is headquartered in Rosemead, California; it conducts an initial public offering dated 1980-01-02 and employs about 13,725 people. The company operates as a holding company whose core asset is Southern California Edison (SCE), a regulated electric utility that generates, supplies, and delivers power across an approximately 50,000 square-mile service area in southern, central, and coastal California. Over time SCE has built out an extensive electrical infrastructure, including roughly 13,000 circuit-miles of transmission lines ranging from 55 kV to 500 kV with about 80 transmission substations, plus approximately 38,000 circuit-miles of overhead lines, 32,000 circuit-miles of underground lines, and around 730 distribution substations. Its scale has grown steadily, with consolidated revenue rising from 14.905 billion dollars in 2021 to 19.317 billion dollars in 2025 and SCE's weighted-average rate base expanding from 35.3 billion dollars to 47.6 billion dollars over the same period. Beyond SCE, Edison International runs Trio, a non-regulated energy and sustainability advisory business, though the company states it is not yet large enough to constitute a separate reportable segment.
업계 내 위치
Edison International, through Southern California Edison, is a regulated electric transmission and distribution utility serving roughly 15 million people and 5.389 million customer accounts across its southern, central, and coastal California service territory, with about 4.672 million residential and 0.625 million commercial accounts as of 2025. Its competitive position rests on a regional natural monopoly rather than a contestable market: customers generally cannot switch transmission and distribution operators, and even when load moves to Community Choice Aggregators or Direct Access, SCE typically remains the delivery provider. By the end of 2025, 12 CCAs operated in its service area, accounting for about 21% of total load. The moat derives from durable structural sources rather than brand, including a service-area franchise covering an approximately 50,000 square-mile network that is extremely costly to replicate, the CPUC and FERC regulatory framework that decouples authorized revenue from sales volume, and a large rate-base asset that earns a regulated return. The 2025 General Rate Case raised SCE's authorized revenue requirement to about 9.66 billion dollars, and the company's 2026 CPUC-authorized return on equity stands at 10.03%. Edison International maintains investment-grade credit ratings, with Moody's at Baa1/Baa2, S&P at BBB/BBB with a Negative outlook, and Fitch at BBB/BBB with a Stable outlook, while comparable regulated utilities include Sempra, Duke Energy, Xcel Energy, PG&E, and SDG&E.
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