Edison International swung to a fourth-quarter profit as the year-earlier period included larger losses from discontinued operations, masking a drop in revenue, Dow Jones Newswires reported yesterday. The company in October agreed to sell its Edison Mission Energy business, which filed for chapter 11 bankruptcy protection in 2012, to NRG Energy Inc. Bondholders supported the $2.6 billion deal, and a bankruptcy judge approved bidder protections, including a $65 million breakup fee, to NRG as it works to close its offer to take Edison Mission out of bankruptcy this year. In the third quarter, the company reported Edison Mission's results as noncore, discontinued operations. Overall, Edison International reported a profit of $326 million, or 92 cents a share, compared to a year-earlier loss of $514 million.
