() is a public utility
holding company based in Rosemead, California
. Its subsidiaries include Southern California Edison
, and un-regulated non-utility assets Edison Mission Energy
and Midwest Generation
, power producers, and Edison Capital
. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California
For the first nine months of 2010 power generation unit, Edison Mission Energy (EMG) produced 22.091 GWh of electricity a 2% increase over the corresponding period in 2009.
The company was first incorporated in 1909 as Southern California Edison Company
after Southern California acquired the assets of Edison Electric Company; it was known as Southern California Edison until 1996 when it adopted its current name in recognition of its growing business abroad and in other industry sectors. Edison first became a holding company in 1988 when it made a small change to its original name, becoming known as SCEcorp.
In 2001 Edison's main holding, Southern California Edison faced bankruptcy after a state senate bill regarding financial assistance came up short (by $1 billion).
In November 2010 Edison sold its 48% interest in the Four Corners coal-fired power plant in New Mexico (units 4 and 5 while units 1,2 and 3 will be closed because of being older) for $294 million to Pinnacle West Capital Corp
(of Arizona Public Service). ... Read More