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BUSINESS
October 16, 1992 | BRUCE HOROVITZ
In an announcement that surprised industry analysts, Michael R. Peevey said he will retire as president of SCEcorp and its utility subsidiary, Southern California Edison, on March, 1, 1993. Peevey, 54, had held the post for less than three years. SCE officials said Peevey will not be replaced and his duties will be divided among several senior executives at the company, including Chairman John E. Bryson.
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BUSINESS
November 23, 1995 | Times Staff and Wire Reports
SCEcorp Raps PUC Plan to Cut Its Return: SCEcorp shares fell after California's chief regulator proposed a $120-million cut in the company's 1996 rate of return that is linked to depreciation of its San Onofre nuclear power plant in Northern San Diego County. Rosemead-based SCEcorp, the holding company for power provider Southern California Edison, criticized the plan and said it clouded the prospects for deregulating the state's power industry.
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BUSINESS
November 4, 1988 | GREG JOHNSON, Times Staff Writer
San Diego Gas & Electric and Tucson Electric Power on Thursday scrapped their merger plans, an unexpected move that could help Rosemead-based SCEcorp in its bid to acquire the the San Diego utility. Instead of merging with the Tucson company, SDG&E will consider "remaining independent, pursuing a possible combination with SCEcorp and other extraordinary transactions," according to a terse statement issued by SDG&E Chairman and Chief Executive Thomas Page.
BUSINESS
June 17, 1994 | MICHAEL PARRISH, TIMES STAFF WRITER
In a move long predicted by analysts, SCEcorp, parent of Southern California Edison Co., announced Thursday that it will cut its stock dividend almost 30%, from $1.42 to $1 a share. "To our regret, we have reached the conclusion that we don't have the flexibility to maintain the dividend at the currently high level," SCEcorp Chairman and Chief Executive John E. Bryson said.
BUSINESS
October 15, 1988 | GREG JOHNSON, Times Staff Writer
SCEcorp, which in September was thwarted in a $2.16-billion friendly merger bid with San Diego Gas & Electric, will soon formally ask state regulators for permission to begin a hostile takeover of the San Diego utility, SCE spokesman Lewis Phelps said Friday. The application is important because it could allow the state Public Utilities Commission to hold hearings to consider the SDG&E/SCE merger's potential benefits to power users.
BUSINESS
August 9, 1988 | GREG JOHNSON, Times Staff Writer
Howard Allen, SCEcorp chairman and chief executive, on Monday promised an immediate 10% electric rate decrease for San Diego Gas & Electric's residential customers if the San Diego-based utility's directors agree to merge SDG&E with Southern California Edison.
BUSINESS
June 17, 1994 | MICHAEL PARRISH, TIMES STAFF WRITER
In a move long predicted by analysts, SCEcorp, parent of Southern California Edison Co., announced Thursday that it will cut its stock dividend almost 30%, from $1.42 to $1 a share. "To our regret, we have reached the conclusion that we don't have the flexibility to maintain the dividend at the currently high level," SCEcorp Chairman and Chief Executive John E. Bryson said.
BUSINESS
November 24, 1988 | GREG JOHNSON, Times Staff Writer
SCEcorp, corporate parent of Southern California Edison, came close Wednesday to succeeding in its hard-fought campaign to merge with San Diego Gas & Electric, but negotiations stalled at the 11th hour as SDG&E's board demanded additional time to review SCE's latest offer. "We were very close to a deal," SCE Chairman Howard Allen said in an interview. "I really don't know what prompted their request for an additional week."
BUSINESS
November 11, 1993
* S. Daniel Melita has been appointed senior vice president in charge of business development for Mission Energy Co., an SCEcorp subsidiary with 33 power projects worldwide. Melita joined Mission Energy in 1992 as vice president and managing director of European operations. In April, he will relocate from London to the Irvine headquarters, where he will be responsible for day-to-day management of Mission Energy's business development activities worldwide. Robert M.
BUSINESS
October 16, 1992 | BRUCE HOROVITZ
In an announcement that surprised industry analysts, Michael R. Peevey said he will retire as president of SCEcorp and its utility subsidiary, Southern California Edison, on March, 1, 1993. Peevey, 54, had held the post for less than three years. SCE officials said Peevey will not be replaced and his duties will be divided among several senior executives at the company, including Chairman John E. Bryson.
BUSINESS
November 23, 1995 | Times Staff and Wire Reports
SCEcorp Raps PUC Plan to Cut Its Return: SCEcorp shares fell after California's chief regulator proposed a $120-million cut in the company's 1996 rate of return that is linked to depreciation of its San Onofre nuclear power plant in Northern San Diego County. Rosemead-based SCEcorp, the holding company for power provider Southern California Edison, criticized the plan and said it clouded the prospects for deregulating the state's power industry.
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