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MarketScreener Homepage  >  Equities  >  Nyse  >  Edison International    EIX

EDISON INTERNATIONAL

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Edison International : Cleared to Decommission San Onofre Nuclear Plant

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10/18/2019 | 02:45pm EST

By Michael Dabaie

Edison International (EIX) said the California Coastal Commission approved a development permit for the San Onofre Nuclear Generating Station, clearing the way for dismantlement of plant structures and decontamination of the site.

The approval allows Edison International's Southern California Edison to move forward with removing above-grade structures on the site, such as the twin containment domes. The company said it anticipates beginning major decommissioning work in 2020.

SONGS Decommissioning Solutions is the general contractor, Edison said. The $4.4 billion nuclear plant decommissioning is financed through existing trust funds, including SCE's share of the project as majority owner. The total cost includes the dismantlement work awarded to SONGS, on-site storage of San Onofre's spent nuclear fuel and restoration activities, Edison said.

Write to Michael Dabaie at michael.dabaie@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
EDISON INTERNATIONAL -0.92% 68.86 Delayed Quote.21.30%
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Financials (USD)
Sales 2019 13 059 M
EBIT 2019 2 573 M
Net income 2019 1 447 M
Debt 2019 18 361 M
Yield 2019 3,57%
P/E ratio 2019 15,1x
P/E ratio 2020 15,4x
EV / Sales2019 3,30x
EV / Sales2020 3,28x
Capitalization 24 693 M
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Technical analysis trends EDISON INTERNATIONAL
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 76,88  $
Last Close Price 68,86  $
Spread / Highest target 22,0%
Spread / Average Target 11,6%
Spread / Lowest Target -1,25%
EPS Revisions
Managers
NameTitle
Pedro J. Pizarro President, Chief Executive Officer & Director
William P. Sullivan Non-Executive Chairman
Maria C. Rigatti Chief Financial Officer & Executive Vice President
Vanessa C. L. Chang Independent Director
Peter J. Taylor Independent Director
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