EIPAC ANNUAL REPORTeipac.aristotle.com/SiteAssets/images/EIPAC Annual Report 2018.pdfEIPAC Annual...
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1 EIPAC Annual Report EIPAC ANNUAL REPORT Message from Caroline Choi Senior Vice President, Corporate Affairs With gratitude to all the employ- ees who voluntarily support our Edison International Employee Po- litical Action Committee (EIPAC), I’m pleased to present our 2018 Annual Report. This report outlines the candidates and committees EIPAC supported, key legislative issues, and highlights from 2018. As you know, EIPAC is an important tool that enables us to engage in the political process and educate policy makers on the issues that are important to Edison, including tax policy, cybersecurity, transportation electrification, and nuclear waste storage. Our team in Washington, D.C. works hard to maintain relation- ships with elected officials. This year, there are 98 newly elected members of Congress. Thanks to your support of EIPAC, we have the opportunity to meet and build relationships with these members. I appreciate your dedication to and membership in EIPAC. Thank you, Caroline EIPAC Legislative Update EIPAC Mission The mission of the Edison International Political Action Committee (EIPAC) is to encour- age Edison employees to participate in the political process and support candidates who share our company’s perspective on key business issues. EIPAC is non-partisan and not affiliated with any politi- cal party, candidate, or organization. It is supported solely through voluntary contributions from eligible Edison employees, spouses, and shareholders. ENVIRONMENT e U.S. Environmental Protection Agency and Department of Transportation are proceeding with a revision to the Corporate Average Fuel Economy standards. ese rules would roll back vehicle emission standards for future years. Edison is part of a broad coalition that is supporting the State of California in an effort to come to a negotiated agreement to protect California’s Clean Air Act waiver. ENERGY POLICY Senate Energy and Natural Resources Chairman Murkowski has already stated that she will be dusting off her previous energy legislation to update the package to reflect new policy interests and items that have already been accomplished. On the House side, the Energy and Commerce Committee is working on an energy/infrastructure bill. Edison is working to ensure that our transportation electrification priorities are included in these efforts. NUCLEAR Nuclear spent fuel legislation continues to be a topic in Wash- ington, D.C. With two pending consolidated interim storage applications at the Nuclear Regulatory Commission, and a joint House and Senate Committee interested in this policy topic, we are continuing to push both an interim and a long-term repository solution for storage of spent nuclear fuel. is remains a high priority for Edison given the ongoing decommissioning of our San Onofre Nuclear Generating Station. CYBERSECURITY Cyber threats to the electric grid continue to be a source of height- ened activity in Congress and the executive branch. Edison is working with the Departments of Energy and Homeland Security to eliminate barriers to public-private coop- eration during national emergencies. On the Hill, Edison is promoting legislation to reduce supply chain vulnerabilities and provide legal protections to utilities while working with the government during a cyber attack. The 2018 elections resulted in a new Democratic majority in the U.S. House of Representatives and an increased Republican majority in the U.S. Senate. As such, the Chambers have each ushered in a variety of new members, many of whom are new to elected office, and started to get to work on a variety of priorities.
Transcript of EIPAC ANNUAL REPORTeipac.aristotle.com/SiteAssets/images/EIPAC Annual Report 2018.pdfEIPAC Annual...
1EIPAC Annual Report
E I P A C A N N U A L R E P O R T
Message from Caroline ChoiSenior Vice President, Corporate Affairs
With gratitude to all the employ-ees who voluntarily support our Edison International Employee Po-litical Action Committee (EIPAC), I’m pleased to present our 2018 Annual Report. This report outlines the candidates and committees EIPAC supported, key legislative issues, and highlights from 2018.
As you know, EIPAC is an important tool that enables us to engage in the political process and educate policy makers on the issues that are important to Edison, including tax policy, cybersecurity, transportation electrification, and nuclear waste storage.
Our team in Washington, D.C. works hard to maintain relation-ships with elected officials. This year, there are 98 newly elected members of Congress. Thanks to your support of EIPAC, we have the opportunity to meet and build relationships with these members.
I appreciate your dedication to and membership in EIPAC.
Thank you,Caroline
EIPAC Legislative Update
EIPAC Mission The mission of the Edison International Political Action Committee (EIPAC) is to encour-age Edison employees to participate in the political process and support candidates who share our company’s perspective on key business issues. EIPAC is non-partisan and not affiliated with any politi-cal party, candidate, or organization. It is supported solely through voluntary contributions from eligible Edison employees, spouses, and shareholders.
ENVIRONMENTThe U.S. Environmental Protection Agency and Department of Transportation are proceeding
with a revision to the Corporate Average Fuel Economy standards. These rules would roll back vehicle emission standards for future years. Edison is part of a broad coalition that is supporting the State of California in an effort to come to a negotiated agreement to protect California’s Clean Air Act waiver.
ENERGY POLICYSenate Energy and Natural Resources Chairman Murkowski has already stated that she will
be dusting off her previous energy legislation to update the package to reflect new policy interests and items that have already been accomplished. On the House side, the Energy and Commerce Committee is working on an energy/infrastructure bill. Edison is working to ensure that our transportation electrification priorities are included in these efforts.
NUCLEAR Nuclear spent fuel legislation continues to be a topic in Wash-ington, D.C. With two pending
consolidated interim storage applications at the Nuclear Regulatory Commission, and a joint House and Senate Committee interested in this policy topic, we are continuing to push both an interim and a long-term repository solution for storage of spent nuclear fuel. This remains a high priority for Edison given the ongoing decommissioning of our San Onofre Nuclear Generating Station.
CYBERSECURITYCyber threats to the electric grid continue to be a source of height-ened activity in Congress and the
executive branch. Edison is working with the Departments of Energy and Homeland Security to eliminate barriers to public-private coop-eration during national emergencies. On the Hill, Edison is promoting legislation to reduce supply chain vulnerabilities and provide legal protections to utilities while working with the government during a cyber attack.
The 2018 elections resulted in a new Democratic majority in the U.S. House of Representatives and an increased Republican majority in the U.S. Senate. As such, the Chambers have each ushered in a variety of new members, many of whom are new to elected office, and started to get to work on a variety of priorities.
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OUR HIGHLIGHTS
Thanks to all our members who
supported EIPAC in 2018!
Enhanced peer-to-peer EIPAC champion program, training 35
new members
Increased Director participation to 62%and sustained Officer
participation at 91%
Welcomed 65 new EIPAC members
Hosted three EIPAC member
appreciation events
Launched new EIPAC website with PAC video
Introduced new suggested giving
guidelines
Raised over $216,000
Launched Election Center to keep
employees informed
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RepublicanDemocratIndependent
U.S. Senate by State
45 Democrats53 Republicans2 Independents
235 Democrats 197 Republicans
SENATE
HOUSE OF REPRESENTATIVES
Party Breakdown
Democrats$109,700
Republicans$62,500
No Party$5,000
California$115,700
Georgia$1,000
Kentucky$1,000
Maryland$7,500
Oregon$4,500
Texas$2,500
West Virginia$1,000
Wyoming$5,000
Colorado$1,000
Chris Abel Rosalie Barcinas Chris Cabrera Marissa Castro Qiana Charles Rocio Contreras-RegaladoJennifer Cusack Alejandro Esparza Rudy Gonzales Sylvia Hernandez Jaime Huff Larry Labrado Jeffrey Lee Jered Lindsay Matt Miller Eric Murga Michelle Murga
Vic Nol Monica Nunez Raymond Pok Amy Pressler Adriana Ramos Laura Renger Lydia Roman Mark RothenbergKim SchererMario SierraCarolyn SimsJeannette SorianoBob StiensTammy TranCody TubbsRobert Quintero
PAC Champions are peer-to-peer PAC advocates across the enterprise. They work to engage with their peers to grow awareness, understanding, and participation of the PAC. Thanks to our 65 Champions who served in 2018!
OUR EIPAC CHAMPIONS
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EIPAC Political ContributionsJANUARY 1 - DECEMBER 31, 2018State Name Party Office Total CA AGUILAR, PETE DEM U.S. House of Reps. $5,000 CA BARRAGAN, NANETTE DEM U.S. House of Reps. $4,000 CA BROWNLEY, JULIA DEM U.S. House of Reps. $7,000 CA CARBAJAL, SALUD DEM U.S. House of Reps. $3,000 CA CARDENAS, TONY DEM U.S. House of Reps. $1,000 CA CHU, JUDY DEM U.S. House of Reps. $2,000 CA COOK, PAUL REP U.S. House of Reps. $7,000 CA CORREA, LOU DEM U.S. House of Reps. $5,000 CA COSTA, JIM DEM U.S. House of Reps. $2,000 CA DAVIS, SUSAN DEM U.S. House of Reps. $1,000 CA DENHAM, JEFF REP U.S. House of Reps. $2,500 CA DESAULNIER, MARK DEM U.S. House of Reps. $1,000 CA FEINSTEIN, DIANNE DEM U.S. Senate $3,200 CA HARKEY, DIANE REP U.S. House of Reps. $2,500 CA KNIGHT, STEVE REP U.S. House of Reps. $3,500 CA LAMALFA, DOUG REP U.S. House of Reps. $2,500 CA LIEU, TED DEM U.S. House of Reps. $1,500 CA LOWENTHAL, ALAN DEM U.S. House of Reps. $2,000 CA MATSUI, DORIS DEM U.S. House of Reps. $2,500 CA MCCLINTOCK, TOM REP U.S. House of Reps. $2,000 CA MCNERNEY, JERRY DEM U.S. House of Reps. $5,500 CA NAPOLITANO, GRACE FLORES DEM U.S. House of Reps. $4,500 CA PANETTA, JIMMY DEM U.S. House of Reps. $1,000 CA PELOSI, NANCY DEM U.S. House of Reps. $2,500 CA PETERS, SCOTT DEM U.S. House of Reps. $3,500 CA ROHRABACHER, DANA T. REP U.S. House of Reps. $1,000 CA ROYBAL-ALLARD, LUCILLE DEM U.S. House of Reps. $7,000 CA RUIZ, DR. RAUL DEM U.S. House of Reps. $5,500 CA SCHIFF, ADAM DEM U.S. House of Reps. $4,000 CA SHERMAN, BRAD J. DEM U.S. House of Reps. $1,000 CA SPEIER, K. JACQUELINE DEM U.S. House of Reps. $1,000 CA SWALWELL, ERIC DEM U.S. House of Reps. $2,500 CA TAKANO, MARK DEM U.S. House of Reps. $3,000 CA THOMPSON, MIKE DEM U.S. House of Reps. $5,500 CA TORRES, NORMA DEM U.S. House of Reps. $1,000 CA VALADAO, DAVID REP U.S. House of Reps. $3,000 CA VARGAS, JUAN DEM U.S. House of Reps. $4,000 CO GARDNER, CORY REP U.S. Senate $1,000 GA PERDUE, DAVID REP U.S. Senate $1,000 KY MCCONNELL, MITCH REP U.S. Senate $1,000 MD HOYER, STENY H. DEM U.S. House of Reps. $7,500 OR WALDEN, GREG REP U.S. House of Reps. $4,500 TX BRADY, KEVIN REP U.S. House of Reps. $2,500 WV MANCHIN, JOE DEM U.S. Senate $1,000 WY BARRASSO, JOHN REP U.S. Senate $5,000
$139,200
Party, Leadership, and Third Party PAC CommitteesBIG SKY OPPORTUNITY PAC - STEVEN DAINES REP Various $1,000 EDISON ELECTRIC INSTITUTE PAC (POWER PAC) N/P Various $5,000 EUREKA PAC - KEN CALVERT REP Various $5,000 JEFF PAC - JEFF DENHAM REP Various $2,500 MAJORITY COMMITTEE PAC - KEVIN MCCARTHY REP Various $2,500 MAKING INVESTMENTS MAJORITY INSURED PAC (MIMI PAC) - MIMI WALTERS
REP Various $2,500
NEW PAC - DEVIN NUNES REP Various $5,000 PAC TO THE FUTURE - NANCY PELOSI DEM Various $1,000 PROSPERITY ACTION INC - PAUL RYAN REP Various $5,000 SERVING OUR COUNTRY PAC - SALUD CARBAJAL DEM Various $1,000 FUND FOR THE MAJORITY - DIANNE FEINSTEIN DEM Various $2,500 VALLEY FIRST LEADERSHIP PAC - JIM COSTA DEM Various $5,000
$38,000 TOTAL EIPAC CONTRIBUTIONS $177,200
How Can I Join EIPAC?To become a PAC member or receive additional informa-tion, go to eipac.com or con-tact Lisa Calderon at (626) 302-1952, [email protected]
Why Do We Need a PAC?Political Action Committees are an effective way for em-ployees to support candidates whose views reflect Edison’s interests. The PAC supports candidates who are willing to listen to our position on issues of importance to the company and our employees. The company is permitted to fund the administrative costs associated with operating a PAC—ensuring the total amount of all contributions to EIPAC are used only to help elect candidates. This is the reason EIPAC is critical to our success in the political arena.
SAVE THE DATE
ASCEND & EIPAC are partnering to co-host
California State Treasurer Fiona Ma.
When: Friday, May 17Where: GO5, Rosemead
More details to follow!
To increase your EIPAC contribution, please visit eipac.com.
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$2,384,904First Energy
Exelon
NextEra
Duke
Entergy
PG&E
DTE
Sempra
CenterPoint
Calpine
Edison
Ameren
NRG
$2,261,646
$2,020,483
$1,792,373
$1,262,698
$1,197,745
$695,146
$621,401
$566,453
$431,438
$407,699
$389,148
$300,760
Top Energy PACs and How EIPAC Ranks in Receipts for the 2017-2018 Election Cycle
Additional EIPAC Member Contributions Vs. Attrition
$10,690 $10,827
$35,481
$14,687 $15,911
$42,392
$36,078
$(15,774)
$(31,743)
$(12,350)$(16,411)
$(7,631)$(11,402) $(10,731)
2015$(1,724)
2017$30,990
NET CHANGE
2018$25,347
2016$8,280
2014$23,131
2013$(20,916)
2012$(5,084)
New Money Attrition
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Bill introduced in House of Representatives
Referred to House committee and subcommittee
Voted on by full committee
House debates and votes on passage. If passed...
Bill introduced in Senate
Referred to Senate committee and subcommittee
Voted on by full committee
Senate debates and votes on passage. If passed...
Conference committee writes compromise bill that melds House and Senate versions.
House and Senate vote on compromise bill. If passed, bill goes to President.
President can sign bill into law or veto it.
HOW A BILL BECOMES A LAW
PRESIDENT
CONGRESS
Myths vs. Facts MYTH: PACs just buy lawmakers’ votes. FACT: PACs are simply groups of like-minded individuals who pool their resources
to achieve a common goal. EIPAC supports candidates for political office who share our basic philosophy and values on the issues that affect us. Elected offi-cials know what issues are important to us as employees and when critical votes on these issues arise, they vote their convictions.
MYTH: PAC spending is out of control.FACT: In federal elections, EIPAC can contribute up to $5,000 per election (primary
and general), per candidate; however, its contributions are generally much less than this. State contribution limits vary.
MYTH: Individuals can give unlimited amounts of money to federal candidates.FACT: Individuals may contribute up to $2,700 to a federal candidate in any one elec-
tion (primary, general and run-off). In contrast, individuals may contribute up to $5,000 per year to a political action committee like EIPAC.
