Edison International

Edison International (NYSE: EIX) has reported over EPS including $0.08 in 2009 and $0.12 for 2010 to date, which Wunderlich believes is non-recurring and thus difficult for y/y comparisons Key takeaways include: (1) Production tax credits are recognized as wind energy is generated and are recorded...

Wunderlich Securities has noted accounting risk areas from reviewing 10-Qs recently filed as the following areas: benefits from purchase accounting (reversals in liabilities benefiting SG&A expenses), exposure for changes in Brazilian tax laws (denying interest deductions on certain debts)...