SOURCE: Industrial Info Resources

March 06, 2009 06:30 ET

Natural Gas Prices Have Mixed Effect on Edison International, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 6, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Edison International (NYSE:EIX) (Rosemead, California) recently announced that fourth-quarter 2008 earnings rose 3% to $217 million from $211 million in 4Q07. Edison International is the parent company of the electric utility Southern California Edison (SCE) and power-generation business Edison Mission Group (EMG). "The collapse in natural gas prices has been stunning both in its extent and speed," Chairman, President and CEO Ted Craver said. "While it has been helpful to SCE and its customers, it has hurt EMG's earnings."

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