Edward teamed up with his niece Alexandria Quartermaine to make money with her friends, Victor and Tony Cassadine, by finding the Ice Princess. The plan quickly got out of hand as the Cassadines planned to use the secret formula hidden in the Ice Princess to take over the world. Luke Spencer thwarted the plan in time and Alexandria wound up dead in the end. Alexandria's will left her ELQ shares to Lila. Edward tried to acquire the shares, but Lila was wise to his game. Edward became involved in Luke Spencer's schemes to make money, with little success. When Holly Sutton arrived in town, Edward immediately schemed to become financially involved in her alleged oil discovery, and charmed her in order to try to get in. When it was revealed that Holly's family, the Durban's, were perpetrating an oil scam, Edward blamed Luke for the whole mess.