Southern California Edison Inks Geothermal Power Deal With Fervo [BNN Bloomberg (Canada)]
Edison International (EIX)
Last edison international earnings: 4/30 04:05 pm
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Source: BNN Bloomberg
The two, 15-year power-purchase agreements will deliver enough energy for 350,000 homes, Houston-based Fervo said in a statement Tuesday. The initial 70-megawatt stage of the Cape Station project is expected to become operational by 2026 and the second phase will be operational in 2028. The deal with the Edison International unit comes as California regulators require utilities to procure 1,000 megawatts of clean energy by 2026 that will be available more often than conventional wind and solar farms. That's spurred interest in geothermal power, which can run around the clock. Traditional geothermal power plants tap underground steam that can drive turbines and generate electricity around the clock. Fervo has successfully demonstrated an enhanced version of the technology that injects fluids into areas with hot, underground rocks, an approach that lets developers build plants in more places. “Enhanced geothermal systems complement our abundant wind and solar resources by providi
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News
- Edison International Declares Q2 Dividend [Yahoo! Finance]Yahoo! Finance
- Edison International Declares Q2 DividendBusiness Wire
- Advisory for Thursday, July 25: Edison International to Hold Conference Call on Second Quarter 2024 Financial ResultsBusiness Wire
- Edison International (NYSE: EIX) had its price target lowered by analysts at Morgan Stanley from $64.00 to $61.00. They now have an "underweight" rating on the stock.MarketBeat
- Returns On Capital At Edison International (NYSE:EIX) Have Hit The Brakes [Yahoo! Finance]Yahoo! Finance
EIX
Earnings
- 4/30/24 - Beat
EIX
Sec Filings
- 6/28/24 - Form 8-K
- 6/26/24 - Form 424B5
- 6/25/24 - Form 11-K
- EIX's page on the SEC website