Media Contact: Lauren Bartlett, (626) 302-2255
ROSEMEAD, Calif., Nov. 17, 2014 — Southern California Edison (SCE) is proud to be part of SupplierPay, President Obama’s initiative that created a partnership with the private sector to strengthen small businesses by increasing their working capital so they can grow their businesses and hire more workers.
SCE recognizes the importance of supporting small, diverse businesses by giving them access to the tools they need to succeed in the marketplace. SCE accomplishes this with its Supplier Diversity and Development Program, which has been active for more than 30 years.
The company is proud of the progress it is making to create opportunities for diverse business enterprises. Last year, SCE surpassed its long-term goal three years early by achieving 41 percent, or $1.4 billion, of spending with diverse business enterprises by 2016. The company now procures products and services from more than 800 diverse suppliers, and it has implemented flexibility for payment terms of which suppliers can take advantage, based on their individual need.
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 nearly 14 million via 4.9 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.