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Southern California Edison Co
Southern California Edison was established in 1886 as one of the earliest electric utilities in the United States.
Southern California Edison Co
Southern California Edison was established in 1886 as one of the earliest electric utilities in the United States. The company is headquartered in Rosemead, California, and operates as the primary subsidiary of Edison International (NYSE: EIX), a publicly traded holding company. The utility's core business involves the transmission and distribution of electricity to roughly 5 million customer accounts across central, coastal, and Southern California. SCE has invested heavily in wildfire mitigation, including undergrounding power lines and deploying grid sensors, spending over $5 billion on wildfire-related capital since 2020 (per Edison International annual report, 2024). The company also operates one of the largest utility-owned electric vehicle charging networks in the country. SCE employs approximately 13,000 people and manages more than $60 billion in utility assets. The company is regulated by the California Public Utilities Commission and engages in long-term resource planning to meet state renewable portfolio standards, targeting 80% carbon-free electricity by 2030. In 2024, the company completed the decommissioning of the San Onofre Nuclear Generating Station. The structural differentiator of Southern California Edison is its status as a vertically integrated regulated monopoly with a fixed customer base and cost-of-service rate recovery model. This creates a stable, predictable revenue stream largely insulated from market cycles, though it exposes the firm to regulatory risk and rising operational costs. The firm's capital deployment is governed by state-approved grid modernization plans.
General information
Firm type
other
Year founded
1886
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Rosemead
Corporate office
Rosemead, CA, United States
Principals
Steven D. Powell
President and Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Southern California Edison?
Investment decisions are overseen by CEO Steven Powell and the executive leadership team, subject to approval by parent company Edison International's board. Capital plans are filed with the California Public Utilities Commission as part of the general rate case process.
How does Southern California Edison source capital for infrastructure projects?
SCE raises capital primarily through regulated rates approved by the CPUC, which include a return on equity. The utility also issues debt and equity through Edison International. In 2024, Edison International had approximately $30 billion in long-term debt and preferred stock outstanding (per SEC filings).
Is Southern California Edison a family office?
No. Southern California Edison is a regulated electric utility and a wholly owned subsidiary of Edison International, a publicly traded company. It is not a family office, asset manager, or investment firm.
What is Southern California Edison's investment posture toward renewable energy?
SCE is a major buyer of renewable power, contracting with over 300 renewable energy facilities. The utility plans to add 24 GW of new renewable and storage resources by 2030 to meet California's clean energy mandates.
How is Southern California Edison regulated?
SCE is regulated by the California Public Utilities Commission and the Federal Energy Regulatory Commission. Rates, capital investments, and grid operations are subject to public review and approval. The CPUC sets the allowed return on equity, which was 10.3% in 2024.
What is Edison International's ownership structure?
Edison International is a publicly traded holding company listed on the NYSE under ticker EIX, with a market capitalization of approximately $25 billion as of May 2026. It owns 100% of Southern California Edison.
What is Southern California Edison's wildfire liability exposure?
SCE faces significant wildfire-related claims and litigation. The company has incurred over $10 billion in wildfire-related costs since 2017, including settlements and insurance recoveries. It maintains wildfire insurance and has secured securitization authority from the California legislature.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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