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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Edison International | NYSE:EIX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.67 | 0.88% | 76.77 | 76.83 | 75.88 | 76.13 | 1,321,441 | 23:37:58 |
Residential, small business customers to receive the first of two annual credits from the state’s Greenhouse Gas Cap-and-Trade program
Southern California Edison’s 5 million-plus residential and small business customers will receive an $86 California Climate Credit on their April and October bills, the largest climate credit payout SCE has distributed since California launched the program in 2014.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240319757317/en/
(Graphic: Business Wire)
No action is required by residential and small business account holders to receive the twice-a-year credit, which previously ranged from $29 to $71 for SCE customers. It will appear automatically on customers’ April and October SCE bills.
“This year’s Climate Credit delivers meaningful reductions on energy bills,” said Funmi Williamson, SCE’s Chief Customer Officer and Senior Vice President of Customer Service. “It shows how programs designed to help California achieve a clean energy future can also provide tangible financial benefits for utility customers.”
Funding for the credit comes from California’s Greenhouse Gas Cap-and-Trade Program, which aims to reduce GHG emissions by requiring power plants, fuel providers and large industrial facilities that emit greenhouse gases to buy carbon pollution allowances.
The program was designed by the California Air Resources Board and the Climate Credit is implemented by the California Public Utilities Commission. Since the program began, more than $14 billion in utility bill credits have been distributed to California households and small businesses by SCE, Pacific Gas & Electric, San Diego Gas & Electric and other utilities across the state.
SCE also offers several bill assistance options for customers, such as:
For more information on SCE’s customer assistance options, visit sce.com/billhelp. Learn more about the Greenhouse Gas Cap-and-Trade Program at cpuc.ca.gov.
About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240319757317/en/
Media Contact: Media Relations, (626) 302-2255 News@sce.com
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