September 17, 2003
ROSEMEAD, CA – Sep. 17, 2003—Southern California Edison (SCE) today announced it has commenced an offer to exchange up to $965,965,000 of its new First and Refunding Mortgage Bonds, 8% Series 2003B, Due 2007 (Exchange Bonds), for an equal amount of its privately placed First and Refunding Mortgage Bonds, 8% Series 2003A, Due 2007 (Original Bonds). The Exchange Bonds are substantially identical to the Original Bonds, except that the Exchange Bonds have been registered under the Securities Act of 1933, as amended, and will not bear any legend restricting their transfer.
SCE will accept for exchange any and all Original Bonds validly tendered and not withdrawn prior to the expiration of the exchange offer at 5 p.m. (EST) on Thursday, Oct. 16, 2003, unless extended.
The terms of the exchange offer and other information relating to SCE are set forth in a prospectus dated Sept. 12, 2003. Copies of the prospectus and the related letter of transmittal may be obtained from The Bank of New York, which is serving as the exchange agent for the exchange offer. The Bank of New York’s address, telephone and facsimile numbers are as follows:
The Bank of New York
Corporate Trust Operations
101 Barclay Street, 7 East
New York, NY 10286
Telephone: (212) 815-3750
Fax: (212) 298-1915
This announcement is neither an offer to sell nor a solicitation of an offer to buy or exchange the Exchange Bonds or the Original Bonds. The exchange offer is made solely by SCE’s prospectus dated Sept. 12, 2003, including any supplements thereto.
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