California must preserve gas-fired power plants to meet climate goals, Edison CEO says [Seeking Alpha]
Edison International (EIX)
Last edison international earnings: 4/30 04:05 pm
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Source: Seeking Alpha
carbon capture, Edison International ( NYSE: EIX ) CEO Pedro Pizarro told Reuters on Wednesday. "We need not just clean power, we need power that can meet demand every single minute of the day," as using solar and wind alone would fail to provide enough around-the-clock power or be logistically realistic, according to the CEO of the company whose largest subsidiary is Southern California Edison ( EIX ), which provides power for ~15M people. "If we were to meet all of California's needs with just solar and storage, we would need to blanket an area the size of the entire Los Angeles metropolitan area with solar," Pizarro told Reuters. California has set a goal to produce zero net emissions from its electrical grid by 2045, with renewable energy sources playing a vital role in its power generation plans, but Pizarro told Reuters that the state needs to preserve its natural gas-fired power plants to keep electricity flowing. "We have an insurance policy in California that's our ex
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EIX
Earnings
- 7/25/24 - Beat
EIX
Sec Filings
- 8/27/24 - Form 4
- 8/26/24 - Form 4
- 8/2/24 - Form 4
- EIX's page on the SEC website