SCE Trust VI 5% TR PREF SECS
SCE-PL
New York Stock Exchange16.85
USD
+0.07
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SCE Trust VI 5% TR PREF SECS
SCE-PL
(New York Stock Exchange)
Recent
price
16.85
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- SCE Trust VI 5% TR PREF SECS (SCE-PL) operates as a Delaware statutory trust that issues and sells 5.00% cumulative trust preference securities with a liquidation amount of $25 per security. Incorporated in 2017 and headquartered at 2244 Walnut Grove Avenue, Rosemead, California, the trust's sole assets consist of corresponding 5.00% Series L preference shares issued by its parent, Southern California Edison Company (SCE), a subsidiary of Edison International that provides electric power generation and distribution services across approximately 50,000 square miles in southern California to residential, commercial, industrial, and public sector customers. The trust preference securities pay fixed quarterly dividends of $0.313 per share on March 15, June 15, September 15, and December 15, fully and unconditionally guaranteed by SCE to the extent described in the prospectus, and became redeemable at the issuer's option on or after June 26, 2022. The trust engages solely in the issuance, administration, and distribution of these preference securities to investors, with no other products, services, or operational activities; SCE, as guarantor, supports the securities through its preference stock holdings while focusing on utility services including electricity transmission, distribution, renewable energy integration, and grid infrastructure development. Geographically, operations align with SCE's footprint in California, United States, targeting institutional and retail investors in the financial markets for preferred securities. In recent developments, SCE announced in November 2025 a cash tender offer to purchase any and all outstanding 5.45% fixed-to-floating rate trust preference securities issued by its affiliate SCE Trust V, up to $300 million aggregate liquidation amount at $25 per security, signaling active capital structure management across its trust subsidiaries. SCE also partnered with Lotus Infrastructure Partners in May 2024, selected by the California Independent System Operator to develop and own new high-voltage transmission infrastructure for renewable energy delivery from solar, wind, and battery projects to southern California customers, with SCE acquiring the completed project. Additionally, SCE secured CPUC approval for a $36 billion capital investment plan spanning 2025-2029 to upgrade grid reliability, support electrification, and integrate clean energy amid rising demand from electric vehicles and data centers.