Edison International and Southern California Edison Company Declare Dividends

March 18, 2004

March 18, 2004

ROSEMEAD, Calif., March 18, 2004 — The Board of Directors of Edison International today declared a quarterly common stock dividend of $0.20 per share payable April 30, 2004, to shareholders of record on March 31, 2004.

The Board of Directors of Southern California Edison Company (SCE) today declared a quarterly dividend of $1.8075 per share on the 7.23% series of $100 cumulative preferred stock.  This dividend is payable April 30, 2004, to shareholders of record on April 5, 2004.

SCE today also declared a quarterly dividend of $0.255 per share on the 4.08% series of cumulative preferred stock, $0.265 per share on the 4.24% series of cumulative preferred stock, and $0.29875 per share on the 4.78% series of cumulative preferred stock.  Each of these dividends is payable May 31, 2004, to shareholders of record on May 5, 2004.

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Based in Rosemead, Calif., Edison International (NYSE:EIX) is the parent company of Southern California Edison, Edison Mission Energy, and Edison Capital.