Edison International Announces New Subsidiary

ROSEMEAD, Calif.¬óWith the recent approval by the California Public Utilities Commission (CPUC) of a request relating to the movement of some power generation-related employees from its Southern California Edison business unit, Edison International announced the formation of a new subsidiary: Edison O&M Services. The new company will be comprised of some of the most experienced and well-qualified talent that exists anywhere in the operation and maintenance of generating facilities. For more than a century, Southern California Edison reliably operated and maintained what grew to be one of the largest fleets of electrical generating assets in the US. Edison O&M Services will fulfill contracts to operate and maintain large power plants and cogeneration facilities, including those previously owned by Southern California Edison which have been, or are being, divested as part of industry restructuring.

“This new company will further enhance our growth potential through the marketing of some of our company’s strongest skills and assets,” said John Bryson, Edison International chairman and CEO. “We are excited about the earnings potential of this new company.”

On July 20, the CPUC unanimously authorized SCE’s request related to the movement of these people and assets to help preserve California jobs, promote competition and lower costs to utility customers. The utility no longer owns power plants in California, with the exception of its hydroelectric plants and its San Onofre Nuclear Generating Station.

Wes Moody was named president of Edison O&M Services. Moody has more than 29 years experience in various operating capacities primarily related to the utility’s power plants. He was most recently SCE’s general manager of power production. Tom Higgins, EIX’s vice president of corporate relations, was named CEO of Edison O&M Services.

Based in Rosemead, Calif., Edison International is a premier international electric power generator, distributor and structured finance provider. With assets of $36 billion and a portfolio of approximately 28,000 MW, Edison International is an industry leader in privatized, deregulated and incentive-regulated markets and power generation. It is the parent company of Southern California Edison, Edison Mission Energy, Edison Capital, Edison Enterprises and Edison O&M Services.

No posts to display