2024-05-21 23:34:00 ET
Summary
- Edison International's Southern California Edison subsidiary has six exchange-traded preferred issues.
- Three of them are converting from fixed to floating rates.
- SCE.PR.J is particularly attractive, with an annualized return of 9% in my base case.
I've been looking at the preferred issues of Southern California Edison, the main subsidiary of Edison International ( EIX ), in line with the thesis the market hasn't fully realized how much wildfire risk has decreased for California utilities....
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For further details see:
Edison International Subsidiary's Preferred Benefits From Reduced Fire Risk