Edison Q1 net improves 28.4% to $258 mil on $73 mil gain from former EME UK plant

摘要

Edison International's first-quarter net income gained 28.4% to $258 million, thanks mainly to a one-time $73 million gain at Edison Mission Energy tied to a formerly owned plant in the UK that more than offset drops at Southern California Edison and Edison Capital. Company-wide revenue went up 12.5% to $2.75 billion. Basic and diluted earnings per share rose from 61 cents to 78 cents, on 326 million basic shares and 331 million diluted, both unchanged. The Rosemead, California-based holding company May 8 noted that the distribution on the Lakeland project in the UK was booked in EME discontinued operations, where net soared from $7 million to $73 million.