Edison Mission Energy Company Description
Edison Mission Energy (EME) once wanted to conquer the nonregulated energy sector, but now it'll settle for a piece of the US market. The company, a subsidiary of Edison International, has interests in 28 power plants in the US and one in Turkey (Doga project) that give it a net physical generating capacity of more than 10,620 MW. EME sells power through contracts with large utilities, regional distributors, and other energy companies; it also trades energy on the open markets. A decline in wholesale energy prices in the early 2000s forced EME to retreat to its home soil and sell off nearly all of its foreign holdings.
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The Company Description provides a historical perspective of Edison Mission Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Edison Mission Energy's evolution in the marketplace.
