Southern California Edison, an Edison International (EIX) company, said that the California Public Utilities Commission has approved a three-year, $3.1 billion budget for the company and the state's other investor-owned utilities. SCE's portion is $1.2 billion.
The budget, which spans 2010 to 2012, is the largest commitment to energy efficiency by any state.
SCE said that its customers will benefit directly from this funding through new statewide programs that will pay incentives for reduced energy use. The decision also will result in the creation of 15,000 to 18,000 skilled green jobs, the company added.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.