2nd-Quarter Profit Up for Edison International

Edison International said second-quarter profit rose 6.8% to $137.2 million, or 41 cents a share, a penny better than analyst forecasts, as the company sold more power from its U.S. nuclear plant. Revenue jumped 30% to $2.75 billion from $2.12 billion. Profit at Southern California Edison jumped 47% to $156 million as the San Onofre nuclear plant avoided shutdowns. The power plant unit lost $18.5 million after earning $5.5 million a year ago, even as sales nearly tripled to $755 million. Rosemead-based Edison blamed higher interest rates, which boosted borrowing costs for recent power plant acquisitions. Edison shares closed up 25 cents at $19.50.