SOURCE: Industrial Info Resources

Industrial Info Resources

May 03, 2011 06:15 ET

Edison International Sees Overall Dip in First-Quarter 2011, Despite Strong Performance in California, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 3, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Power generation and utility company Edison International (NYSE:EIX) (Rosemead, California) reported a decline in revenue and earnings for first-quarter 2011 when compared to the same period last year, as improved results in the Southern California subsidiary were offset by a sharp decline from Edison Mission Group, a holding company that manages the power generation business and other unregulated subsidiaries. Net income was reported to be $200 million, a 15.25% decrease from first-quarter 2010.

Industrial Info is tracking 43 active Edison projects in the U.S. that are worth a total of more than $12 billion, including the $1.15 billion Grande Prairie Windfarm in O'Neill, Nebraska. For more information, visit Industrial Info's North American Power Project Database.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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