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Project(s): View 10 related projects in PECWeb
Plant(s): View 7 related plants in PECWeb
Released October 31, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Edison International (NYSE:EIX) (Rosemead, California) saw positive results in third-quarter 2018 and has an upbeat outlook for the foreseeable future, as the company strives to update and otherwise improve its vast network of generation and transmission projects that service one of the busiest areas of the nation. Industrial Info is tracking nearly $5 billion in active projects from Edison International, including more than $2.1 billion worth of transmission and distribution (T&D) projects.
Click on the image at right for a graph from Edison that details the company's capital-spending forecast for the coming years.
Among Edison's most ambitious plans is the West of Devers upgrade project in California, which is designed to move renewable-generated energy roughly 50 miles, from eastern Riverside County to the Los Angeles area. It includes the removal and upgrade of up to 184 circuit miles' worth of existing, 220-kilovolt (kV) transmission line, and substantial upgrades to at least four substations:
Other projects underway in the Los Angeles/San Bernardino area include the $561 million upgrade of the Mesa Substation in Montebello, which kicked off in March, and the $31 million Menifee-to-Murrieta transmission line, which runs 15.4 miles and is part of the Valley South sub-transmission line project. The Mesa Substation is being rebuilt and upgraded from a 22-acre to a 70-acre facility, and the transmission project will include new conductor wires on about 3.4 miles of an existing line. For more information, see Industrial Info's reports on the Mesa and transmission projects.
But Edison's single highest-valued project is hardly related to growth: the estimated $2.7 billion dismantlement and decommissioning of the San Onofre Nuclear Generating Station (SONGS) near San Clemente, California, which had once generated 2,140 MW. The last two units were retired in 2013 after premature wearing was found on tubes in steam generators. The dismantlement/decommissioning process is expected to last until 2031, at the earliest. For more information, see Industrial Info's project report.
The long-term closure of SONGS has not been made any easier by recent events. In early August, a 45-ton canister filled with spent nuclear fuel became stuck as it was lowered into a storage enclosure and was left suspended about 18 feet above the cavity's floor for about an hour, according to The San Diego Union Tribune. Earlier this month, the Nuclear Regulatory Commission (NRC) announced that a series of "deficiencies involving training, equipment, procedures, oversight and corrective actions" on the part of Edison were responsible for the accident.
The transfers of another 44 canisters have been suspended until Edison officials say they are satisfied that "corrective actions have been addressed" and the NRC completes its inspection report, according to The San Diego Union Tribune. Earlier this month, operators at the plant announced that workers had discovered particles of asbestos in an area that was being prepared for dismantlement, and a contractor had been hired to test and clean up the areas, according to the newspaper.
Edison's third-quarter net income stood at $513 million, an 8.9% increase from the same period last year. Capital expenditures were reported to total $3.24 billion, compared with $2.67 billion in third-quarter 2017.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph from Edison that details the company's capital-spending forecast for the coming years.Among Edison's most ambitious plans is the West of Devers upgrade project in California, which is designed to move renewable-generated energy roughly 50 miles, from eastern Riverside County to the Los Angeles area. It includes the removal and upgrade of up to 184 circuit miles' worth of existing, 220-kilovolt (kV) transmission line, and substantial upgrades to at least four substations:
- $46 million Grand Terrace-to-San Bernardino line upgrades, covering three miles; see project report
- $56 million San Bernardino-to-Redlands line upgrades, covering 15 miles; see project report
- $105 million Redlands-to-Desert Hot Springs line upgrades, covering 30 miles; see project report
- $155.8 million Vista Substation upgrade in Grand Terrace; see project report
- $155.8 million San Bernardino Substation upgrade; see project report
- $155.8 million El Casco Substation upgrade in Redlands; see project report
- $155.8 million Devers Substation upgrade in Desert Hot Springs; see project report
Other projects underway in the Los Angeles/San Bernardino area include the $561 million upgrade of the Mesa Substation in Montebello, which kicked off in March, and the $31 million Menifee-to-Murrieta transmission line, which runs 15.4 miles and is part of the Valley South sub-transmission line project. The Mesa Substation is being rebuilt and upgraded from a 22-acre to a 70-acre facility, and the transmission project will include new conductor wires on about 3.4 miles of an existing line. For more information, see Industrial Info's reports on the Mesa and transmission projects.
But Edison's single highest-valued project is hardly related to growth: the estimated $2.7 billion dismantlement and decommissioning of the San Onofre Nuclear Generating Station (SONGS) near San Clemente, California, which had once generated 2,140 MW. The last two units were retired in 2013 after premature wearing was found on tubes in steam generators. The dismantlement/decommissioning process is expected to last until 2031, at the earliest. For more information, see Industrial Info's project report.
The long-term closure of SONGS has not been made any easier by recent events. In early August, a 45-ton canister filled with spent nuclear fuel became stuck as it was lowered into a storage enclosure and was left suspended about 18 feet above the cavity's floor for about an hour, according to The San Diego Union Tribune. Earlier this month, the Nuclear Regulatory Commission (NRC) announced that a series of "deficiencies involving training, equipment, procedures, oversight and corrective actions" on the part of Edison were responsible for the accident.
The transfers of another 44 canisters have been suspended until Edison officials say they are satisfied that "corrective actions have been addressed" and the NRC completes its inspection report, according to The San Diego Union Tribune. Earlier this month, operators at the plant announced that workers had discovered particles of asbestos in an area that was being prepared for dismantlement, and a contractor had been hired to test and clean up the areas, according to the newspaper.
Edison's third-quarter net income stood at $513 million, an 8.9% increase from the same period last year. Capital expenditures were reported to total $3.24 billion, compared with $2.67 billion in third-quarter 2017.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
