Pedro Pizarro, CEO of Edison International, explains that unlike Vistra, Edison has been affected by the forest fires in California. Despite this, Edison continues to target EPS growth of 5-7% through to 2028.

Edison is actively investing in improving and securing its power grid to withstand climatic impacts, including wildfires, and to support increased electrical load due to electrification and AI.

Pizarro also mentions the importance of collaboration with chip manufacturers and data centre providers to meet growing electricity needs.

Members of the EEI (the Edison Environment Institute), of which Edison is a member, have invested a trillion dollars over the last decade in the electricity grid, with $168 billion last year alone. These investments are essential to support decarbonisation, particularly in California, where investments of $370 billion are planned between now and 2045 in order to achieve carbon neutrality.

Pizarro points out that these investments will improve air quality and should reduce energy bills by 40% by 2045. He also highlights the need to adopt a variety of renewable energy sources and new technologies to meet the expected increase in demand.

 


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