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EIX does well against market decline
Oct 02, 2008 11:35AM
Edison International (NYSE:EIX) fell 1.45%. Edison supplies electricity to central, coastal and Southern California. Revenues from Edison's electric utility operations increased 9.06% for the first six months. The increases were driven by rate and sales volume increases tied to higher temperatures in the regions it serves. Under its subsidiary Southern California Electric, Edison filed an application in March with the California Public Utility Commission to implement a solar photovoltaic (PV) program targeting the rooftops of commercial and industrial buildings in its service area. Edison has a current dividend yield of 3%.