SCE Responds to Statement by CPUC President Lynch

The President of the California Public Utilities Commission (CPUC),

Loretta Lynch, today issued a statement expressing regret that Southern

California Edison was forced this week to take an after-tax earnings

charge of $2.5 billion due to undercollected wholesale power costs. In

her statement Pres. Lynch said, 'I commit to reviewing on a priority

basis any and all proposals that promote the financial health of

California utilities and the interests of its consumers.' The following

response is by Southern California Edison Chairman, President, and CEO

Stephen Frank.



Apr 18, 2001, 01:00 ET from Southern California Edison

    ROSEMEAD, Calif., April 18 /PRNewswire/ --
 
     We welcome President Lynch's comments, both today and on April 9 when she
 affirmed her commitment to expeditiously consider the issues raised by the
 recent Memorandum of Understanding between SCE and Governor Davis and her
 belief in returning California's investor-owned utilities to financial health
 and stability so that we can provide reliable energy service to customers.
 
     An Edison International (NYSE:   EIX) company, Southern California Edison is
 one of the nation's largest electric utilities, serving a population of more
 than 11 million via 4.3 million customer accounts in a 50,000-square-mile
 service area within central, coastal and Southern California.
 
 

SOURCE Southern California Edison
    ROSEMEAD, Calif., April 18 /PRNewswire/ --
 
     We welcome President Lynch's comments, both today and on April 9 when she
 affirmed her commitment to expeditiously consider the issues raised by the
 recent Memorandum of Understanding between SCE and Governor Davis and her
 belief in returning California's investor-owned utilities to financial health
 and stability so that we can provide reliable energy service to customers.
 
     An Edison International (NYSE:   EIX) company, Southern California Edison is
 one of the nation's largest electric utilities, serving a population of more
 than 11 million via 4.3 million customer accounts in a 50,000-square-mile
 service area within central, coastal and Southern California.
 
 SOURCE  Southern California Edison