Edison International and Southern California Edison Company Declare Dividends

May 20, 2004

May 20, 2004

ROSEMEAD, Calif., May 20, 2004 — The Board of Directors of Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.20 per share payable July 31, 2004, to shareholders of record on June 30, 2004.

The Board of Directors of Southern California Edison Company (SCE) today declared a quarterly dividend of $0.27 per share on the 4.32% series of cumulative preferred stock, and $1.5125 per share on the 6.05% series of $100 cumulative preferred stock.  Each of these dividends is payable June 30, 2004, to shareholders of record on June 4, 2004.

SCE today also declared a quarterly dividend of $1.8075 per share on the 7.23% series of $100 cumulative preferred stock.  This dividend is payable July 31, 2004, to shareholders of record on July 2, 2004.

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Based in Rosemead, Calif., Edison International is the parent company of Southern California Edison, Edison Mission Energy, and Edison Capital.