Tear Sheet: Tropical Storm Hilary Highlights Climate Change-Related Risk Faced By Edison International - S&P Global Ratings’ Credit Research

Tear Sheet: Tropical Storm Hilary Highlights Climate Change-Related Risk Faced By Edison International

Tear Sheet: Tropical Storm Hilary Highlights Climate Change-Related Risk Faced By Edison International - S&P Global Ratings’ Credit Research
Tear Sheet: Tropical Storm Hilary Highlights Climate Change-Related Risk Faced By Edison International
Published Aug 22, 2023
6 pages (2479 words) — Published Aug 22, 2023
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Tropical Storm Hilary is highly unusual because it is the first tropical storm to cross into California from Mexico since 1997. While the storm eventually weakened to a tropical cyclone, it?s still one of the most severe tropical storms to land in California in recent history. About 44,000 of SCE?s customers lost power, and the city of Palm Springs declared an emergency due to unprecedented rainfall and flooding. While almost all of SCE?s customers had power by the next day, we believe this unusual event again signifies the range of climate change-related risk affected utilities face. Large-scale storms destroy property and can even lead to fatalities. Following such events, utilities file to recover from ratepayer costs surrounding damaged or destroyed

  
Brief Excerpt:

...Foreign currency issuer credit rating ###/Stable/A-2 Local currency issuer credit rating ###/Stable/A-2 Business risk Strong Country risk Very Low Industry risk Very Low Competitive position Satisfactory Financial risk Significant Cash flow/leverage Significant Anchor ### Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Neutral (no impact) Liquidity Adequate (no impact) Management and governance Satisfactory (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile ###...

  
Report Type:

Full Report

Ticker
Issuer
GICS
Electric Utilities (55101010)
Sector
Global Issuers
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Tropical Storm Hilary Highlights Climate Change-Related Risk Faced By Edison International" Aug 22, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Tropical-Storm-Hilary-Highlights-Climate-Change-Related-Risk-Faced-By-Edison-International-3045296>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Tropical Storm Hilary Highlights Climate Change-Related Risk Faced By Edison International Aug 22, 2023. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Tropical-Storm-Hilary-Highlights-Climate-Change-Related-Risk-Faced-By-Edison-International-3045296>
  
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