Second Edison Investment Ends
The second of Orange County’s two $20-million Edison International investments in an educational investment pool was paid in full Wednesday, ending what county Treasurer John M.W. Moorlach called six months of “crisis management.”
Moorlach, criticized by some earlier this year for investing $40 million in school money in the utility despite the state’s energy crisis, said all principal and interest payments were made on schedule.
Moorlach said the $20-million medium-term note, which was purchased last September, earned $951,000 in interest for the county and school districts.
The other $20-million investment in Edison International, which was purchased in December, matured Jan. 31, earning $210,834 in interest.
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