December 24, 1996
Edison Mission Energy, a unit of Edison International, sold $450 million of senior notes and bonds to institutional investors. The notes and bonds will be repaid with cash flow from Edison Mission's interests in four California cogeneration projects. The company, which develops and operates independent power production facilities, said it will use the bulk of the proceeds to repay its corporate debt.
August 18, 2000 |
Edison Mission Energy, Irvine-based owner and manager of energy plants, said the company and its partner have obtained financing from four international institutions for a $460-million CBK Power Co. rehabilitation and expansion project in the Philippines. CBK Power is a partnership between Edison Mission and Impsa of Argentina. CBK will rehabilitate, build and operate three hydroelectric plants, including a large pumped storage facility.
April 18, 1996
Edison Mission Energy said Wednesday that it has completed the $70-million sale of its 50% stake in four geothermal facilities to CalEnergy Co. Inc. of Omaha. Under terms of the agreement, CalEnergy purchased the Vulcan, Hoch, Leathers and Elmore power plants in the Imperial Valley. Geothermal plants use hot water taken from the ground to produce steam, which is forced through turbines to produce energy.
April 3, 2001 |
Edison Mission Energy, the power plant development arm of cash-strapped Edison International Inc., sold $600 million worth of debt securities Monday, overcoming substantial concerns about its exposure to the troubled California utility market. Investors viewed Edison Mission, based in Irvine, as sufficiently removed from the fray to buy the notes, which mature in 10 years. But the company paid for the funding: The yield is 9.88%.
October 9, 2001 |
Edison International on Monday announced the sale of power plants in Britain for less than half of what the power company paid for the facilities two years ago. Edison Mission Energy, the Irvine-based subsidiary of Edison International, will sell the Fiddler's Ferry and Ferrybridge coal-fired plants to American Electric Power Co. of Columbus, Ohio, for $960 million.
December 12, 2000
Edison Mission Energy, the Irvine development, construction and management arm of Edison International, said Monday it started construction on a power plant last week after getting expedited approval from the California Energy Commission. The power generation facility will be in Kern County and bring both short- and long-term generation capacity to the state, which has been in a crisis from heavy demand and shortage of power. The Sunrise Power Project will be completed in two phases.
December 6, 2000 |
Edison International said Tuesday that its Edison Mission Energy Global Management Inc. unit in Irvine has scheduled a special shareholder meeting for Dec. 15 to vote on a plan of dissolution and liquidation. Upon shareholder approval, holders of the 1,200 shares of preferred stock will receive an additional liquidation premium of $3,875 a share and accrued dividends to and including Dec. 20.
January 31, 1996
Edison Mission Energy Co. said Tuesday it has increased its stake in an Indonesian power project to 40% from 32.5%. The additional interest in the Paiton Power Project in east Java was acquired from General Electric Capital Corp. The project, which is now under construction, was developed and is owned by an international consortium of Edison Mission Energy, Mitsui & Co. Ltd. of Japan, P.T. Batu Hitam Perkasa, an Indonesian coal supplier, and General Electric Capital.
CALIFORNIA | LOCAL
February 23, 1991 |
Services were conducted Thursday for Edward Allan Myers Jr., a former vice president of Southern California Edison Co. and a 16-year resident of Orange County, who died Sunday after suffering a heart attack. He was 67. Myers, who was born in San Francisco in 1923, developed marketing and conservation programs for the utility and later formed and headed a subsidiary, Mission Energy Co. He retired in 1988.
April 4, 1996 |
As the Democratic head of an agency that was high on the Republican hit list, Commerce Secretary Ronald H. Brown disarmed many potential critics by becoming the leading overseas salesman for American business. Although his globe-trotting style had a large element of showmanship and the specific accomplishments of his trade missions may have been overhyped, observers say Brown should be credited with putting American business interests near the top of the list of U.S. foreign policy objectives.