Monday, India's largest turbine maker Suzlon Energy Ltd. announced in a filing with the Bombay Stock Exchange that U.S. energy supplier Edison Mission Energy, a unit of Edison International (EIX), cancelled half of the 300-unit order for 2.1-megawatt turbines, due in 2009.
The contract provided Edison Mission delivery of 150 units in 2008 and 150 units in 2009, with the option to choose to cancel the second phase of the order. Consequent to the order cancellation, Suzlon's order backlog will be reduced by 315 megawatts.
Blades of turbines bought from Suzlon began cracking at three of Edison's wind-power sites. Edison is trying to find out the cause for the cracked blades, which are already facing design problems.
EIX closed Monday's regular trading session at $51.85, up 58 cents. EIX has trended the past year in the range of $46.81 - $59.57 on a volume of 1.34 million shares.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.