Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Edison International    EIX

EDISON INTERNATIONAL

(EIX)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Edison International : to Pay No Annual Incentive to CEO, Four Most-Senior Executives

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/15/2019 | 05:30pm EDT

By Stephen Nakrosis

The president and chief executive of energy company Edison International (EIX) said Friday that "no annual incentive would be paid for 2018 to me and my four senior-most executive colleagues."

The announcement, made in a letter to shareholders from Pedro J. Pizarro, said the Board of Director's Compensation Committee made the decision "in consultation with management and with our full support and agreement."

Mr. Pizarro said the decision "was not a reflection on the performance of the company or these individuals."

Edison is dealing with the aftermath of a series of California wildfires and the possibility it could face billions of dollars in potential liabilities.

Mr. Pizarro said Edison International and Southern California Edison are working "through the challenges created by the "new normal" of California wildfires," and added that although the company continues to progress with its clean energy strategy, "combating wildfire threats and doing so safely is the company's top priority."

To enhance wildfire safety and reduce the risk of future wildfires, the letter said Edison is working to harden its grid infrastructure, to increase its awareness of weather situations which could heighten wildfire conditions, and to enhance operating practices with "more proactive vegetation management, enhanced inspections and temporary power shutoffs during high-risk conditions."

Mr. Pizarro said the board also approved a $3 million donation to the Edison International Wildfire Assistance Fund "to help communities recovering from wildfires and to enhance community resiliency and wildfire prevention and mitigation."

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
EDISON INTERNATIONAL 0.90% 61.7 Delayed Quote.7.72%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EDISON INTERNATIONAL
05/16EDISON INTERNATIONAL : Other Events (form 8-K)
AQ
05/01EDISON INTERNATIONAL : Regulation FD Disclosure (form 8-K)
AQ
05/01EDISON INTERNATIONAL : Joint Statement From Edison International Board Chair Wil..
AQ
05/01SCE Procures 195 Megawatts of New Clean Energy Resources in Ventura, Santa Ba..
AQ
04/30EDISON INTERNATIONAL : Core Earnings Miss Wall Street Targets
DJ
04/30EDISON INTERNATIONAL : 1Q Earnings Snapshot
AQ
04/30EDISON INTERNATIONAL : Reports First Quarter 2019 Results
BU
04/30EDISON INTERNATIONAL : Joint Statement From Edison International Board Chair Wil..
BU
04/29SCE Procures 195 Megawatts of New Clean Energy Resources in Ventura, Santa Ba..
AQ
04/26EDISON INTERNATIONAL : Submission of Matters to a Vote of Security Holders (form..
AQ
More news
Financials ($)
Sales 2019 13 168 M
EBIT 2019 2 535 M
Net income 2019 1 450 M
Debt 2019 17 481 M
Yield 2019 4,00%
P/E ratio 2019 14,07
P/E ratio 2020 13,25
EV / Sales 2019 2,85x
EV / Sales 2020 2,85x
Capitalization 20 103 M
Chart EDISON INTERNATIONAL
Duration : Period :
Edison International Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EDISON INTERNATIONAL
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 71,3 $
Spread / Average Target 15%
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
Brett W. White Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
EDISON INTERNATIONAL7.72%20 103
NEXTERA ENERGY INC17.09%97 478
DUKE ENERGY CORP3.01%64 723
ENEL12.61%64 584
DOMINION ENERGY INC.8.21%62 625
IBERDROLA17.75%60 265