Edison International (NYSE:EIX) provides electricity to millions of customers around the nation. Southern California Edison (SCEDM), EIX's largest subsidiary by revenue, serves over 13 million people throughout Southern California, while its other subsidiary, Edison Mission Group (EMG) sells electricity to other electric utility companies that have need of excess capacity. SCE and EMG, combined, own 14,000+ megawatts (MW) of electrical generation capacity, enough electricity to power over 10 million homes.
Electric utility companies are under increasing legislative pressure to adopt cleaner electricity generation methods while maintaining competitive prices. Southern California Edison has been a leader in moving to cleaner sources of electricity generation with nearly 17 percent of its energy mix coming from wind, solar, biomass, small hydropower and geothermal resources. SCE does not disappoint in the nuclear department either, with 17 percent of energy delivered to customers originating from a nuclear source. This diversification of energy sources as well as being on the leading edge of renewable energy positions EIX well for the future.(Read more at Wikinvest )