In reporting earnings for the first quarter of 2019, Edison International said that its Parent and Other’s first quarter 2019 loss from continuing operations decreased by $53 million, or $0.16 per share, compared to first quarter 2018, consisting of $9 million, or $0.03 per share, of lower core losses and $44 million, or $0.13 per share, of lower non-core losses.

"The decrease in core losses was mainly due to lower corporate expenses and decreased losses at the competitive businesses under Edison Energy Group," the company said

"The lower non-core losses for the first quarter 2019 were primarily related to the absence of a $48 million, or $0.15 per share, after-tax impairment charge recorded in 2018 resulting from an agreement to sell SoCore Energy," the company said

The Edison International Parent and Other segment reported a loss of $15 million for the first quarter of 2019, versus a loss of $68 million a year ago

Tags:
Edison Energy  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
Saint-Gobain Selects Wind Energy Provider, Assisted By Broker
Parent Says Working Toward Target Of Achieving Break-Even Run Rate For Broker-Consultant Business
Parent Reports Reduced Losses From Broker-Consultant
Edison Energy to Conduct Energy Audits and Retro-Commissioning for New York City Operated Buildings
Altenex Offering Smaller, Shorter Duration Renewable Offtakes Tailored To Mid-Sized C&I Customers