Edison International is the parent company of Southern California Edison, an electric utility that distributes electricity to 5 million customers in a 50,000-square-mile area of Southern California, excluding Los Angeles. Edison Energy owns interests in nonutility businesses that deal in energy-related products and services. In 2014, Edison International sold its wholesale power generation subsidiary Edison Mission Energy out of bankruptcy to NRG Energy.

Edison International is the parent company of Southern California Edison, an electric utility that distributes electricity to 5 million customers in a 50,000-square-mile area of Southern California, excluding Los Angeles. Edison Energy owns interests in nonutility businesses that deal in energy-related products and services. In 2014, Edison International sold its wholesale power generation subsidiary Edison Mission Energy out of bankruptcy to NRG Energy.

Edison International is an electricity generation, distribution, and wholesale utility in Southern California. About 20% of sales are from owned generation. EIX is a leader in renewable energy and does not use coal in its fuel mix (which includes natural gas 25%; wind, 10%; solar, 18%; hydro, 5%; and Geothermal 6%). It has two subsidiaries: Southern California Edison (SCE), an electric utility serving 15 million people in Southern California (excluding San Diego and Los Angeles), and Edison Energy, an energy and sustainability advisory company that provides data to commercial and industrial users. SCE has about five million customer accounts in Central and Coastal Southern California. Its service area is about 50,000 square miles and the subsidiary typically accounts for about 99% of overall revenue. Edison has had litigation issues. It recently settled a range of claims, including $52 million for discrepancies in the distribution of energy-efficient lightbulbs, $1.16 billion in subrogation claims for a 2017 wildfire, and $2.2 billion in damages from the Wolsey Fire. The company is headquartered in Rosemead, California, and is a component of the S&P 500. EIX's market cap is $26.6 billion.

U.S. stocks were higher on Tuesday morning following the release of hotter-than-expected inflation data In February, headline CPI-U rose 0.4%, matching expectations and up from 0.3% last month. This brings the annual inflation rate to 3.2%, up from 3.1% last month. Core CPI rose 0.4%, matching the prior month but ahead of expectations for the second straight month, bringing annual core-CPI to 3.8%, down from 3.9% last month. Over 60% of the monthly increase for headline CPI was from the shelter and energy components. Investors still expect the first rate cut will be in June. The Dow rose 0.7%, the S&P 500 was up 1.0%, and the Nasdaq gained 1.4%. Crude oil traded above $78 per barrel, while gold fell $22 to $2167 per ounce.