Media Contact: Charles Coleman, (626) 302-7982
Investor Relations Contact: Scott Cunningham, (626) 302-2540
ROSEMEAD, Calif., Jan. 19, 2010 – Edison International (NYSE: EIX) today announced that its Board of Directors has adopted a ‘Say-on-Pay’ policy to give shareholders an advisory vote on executive compensation. The first vote will take place at the Company’s 2010 annual meeting of shareholders scheduled for April 22, 2010.
Under the policy adopted at the December 2009 Board meeting, shareholders will be able to cast an annual non-binding advisory vote on Edison International’s executive compensation philosophy, policies and procedures as described in the Compensation Discussion and Analysis section of the proxy statement. The Board will continue to monitor pending ‘Say-on-Pay’ legislation and emerging trends, and may modify the policy in the future in response to further developments.
About Edison International
Edison International, through its subsidiaries, is a generator and distributor of electric power and an investor in infrastructure and energy assets, including renewable energy. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison, one of the nation’s largest electric utilities, and Edison Mission Group, a competitive power generation business and parent company to Edison Mission Energy and Edison Capital.
Edison International is not yet soliciting proxies with respect to matters to be considered at the annual meeting, and nothing in this press release should be regarded as a solicitation or request for a proxy or a recommendation as to how shareholders of Edison International should vote.
# # #
Edison International Adopts ‘Say-on-Pay’ Policy on Executive Pay
