Basic Information

position Chairman, President, and CEO
industry Utilities
bio

Education: University of Southern California, MBA & bachelor’s in economics and...

polluter #255

Ted Craver, Jr.

position Chairman, President, and CEO
bio

Education: University of Southern California, MBA & bachelor’s in economics and international relations 

  • 2008 – Present: Edison International, chairman, president, and CEO
  • 2005 – 2008: Edison Mission Group, chairman, president, and CEO
  • 1996 – 2004: Edison International, vice president (1996-1998), treasurer (1996-2004), senior vice president (1998-2002), executive vice president (2002-2004), chief financial officer (2000-2004)
  • 1991 – 1996: First Interstate Bancorp, executive vice president and corporate treasurer
  • 1986 – 1991: First Interstate Bancorp, executive vice president and chief financial officer of Bancorp’s wholesale banking subsidiary
 
Board Positions:
Health Net, Inc., Board of Directors
Edison Electric Institute, Board and Executive Committee
Electric Power Research Institute, chairman of the Board
Electric Drive Transportation Association, chairman of the Board
Autry National Center, Board of Trustees
 
Ted Craver is also a member of the National Petroleum Council, whose stated purpose is, “to advise, inform and make recommendations to the Secretary of Energy with respect to any matter relating to oil and natural gas, or to the oil and gas industries submitted to it or approved by the Secretary.” 
 
In 2010, Ted Craver received $9.5 million in total compensation for his work at Edison International. 
Quotes
“The future now is all about renewable energy. [Edison International] has to look at new technology and focus on the public policy.”
 
“We need to be careful thinking everything will be solved by cheap natural gas.”
Chron.com, March 12, 2010
 

“If you can't find a way to capture carbon dioxide at the coal plants, they will ultimately go out of business in a carbon constrained world.”

Reuters, June 4, 2009

On development of renewable energy: “That has a lot of job creation opportunity in it. It has a tremendous opportunity for innovation. With innovation you don’t know where that’s going to take you, that’s going to take you in so many different ways, so many different places, all of which are fantastic opportunities.” (39:40)
Public Policy Institute of California, Climate Change Panel, July 6, 2011
 
"There will be more changes in the electricity industry in the next 10 years than there were in the past 125 years we have been in business. We look forward to meeting the challenges and making substantial contributions to the imminent transformation of this industry." 
Edison International, July 6, 2011
Evidence

As a whole, Edison International emits 62.9 million tons of carbon dioxide per year. According to the EPA, this is equivalent to the amount of carbon sequestered annually by over 12 million acres of pine forest, which is approximately the size of Vermont and New Hampshire combined.  

Edison International, through its subsidiary Midwest Generation (MWG), operates 6 coal plants in Illinois and supervises another: the Homer City plant in Pennsylvania. Among these are Fisk and Crawford, two of the oldest plants in the country. Fisk and Crawford are situated in a more densely populated area than any other plants nationwide. All 7 of the coal plants owned or supervised by MWG have at some point been sued for violations of the Clean Air Act. The Homer City plant in Pennsylvania ranks fourth (pdf) in the nation for sulfur dioxide emissions and seventh for toxic air pollution. MWG’s 6 plants and Homer City account for $1.8 billion worth of health impacts every year. 

Ted Craver is a member of the board of directors and the executive committee of the Edison Electric Institute (EEI). In 2007, EEI funded a large lobbying campaign against a bill that would have set targets for renewable energy use throughout the country. They were successful in getting such a requirement removed from the legislation. EEI is also a member of a front group called the Waters Advocacy Coalition, which claims to support the Clean Water Act, but argues against changes that would strengthen the legislation.  

In 2010, EEI employed eighty-two lobbyists and spent more than $13 million on lobbying expenditures. In both 2010 and 2011, Ted Craver donated the maximum-allowed $5,000 to the EEI political action committee, though which EEI can donate money to political candidates.

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