Management Meeting: Edison Trying to Limit Regulatory Risk in California to Support Growth
We are reaffirming our $61 fair value estimate and narrow moat and stable moat trend ratings for Edison International after meeting with senior management at the Edison Electric Institute Financial Conference in Phoenix, Arizona.We've long been concerned that Edison will fall prey to an ever-expanding web of regulations, laws, and initiatives in California. All offer good growth opportunities for many years, but we are concerned that regulatory overlap could slow down a regulatory system alread...
Edison International is a holding company. Through its subsidiary, Southern California Edison Company (SCE), which is an investor-owned public utility, the company is primarily engaged in the business of supplying and delivering electricity to southern California. The company is also the parent company of Edison Energy Group, Inc., a holding company for Edison Energy, LLC, which is engaged in the business of providing energy services to commercial and industrial customers. SCE supplies electricity to its customers through transmission and distribution networks. Its transmission facilities include sub-transmission facilities and are located primarily in California but also in Nevada and Arizona.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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