Edison International Increases Common Stock Dividend 25%

November 18, 2004

November 18, 2004

ROSEMEAD, Calif., Nov. 18, 2004 — The board of directors of Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.25 per share payable Jan. 31, 2005, to shareholders of record on Dec. 30, 2004.  The quarterly per-share dividend rate increased from $0.20 to $0.25, and the annual rate increased from $0.80 to $1.00.

“This dividend increase reflects our confidence in the outlook of Edison International and our commitment to rewarding our shareholders for their investment in us,” said Edison Chairman and CEO John E. Bryson.

In addition, 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 Dec. 31, 2004, to shareholders of record on Dec. 3, 2004. 

SCE also declared a quarterly dividend of $1.8075 per share on the 7.23% series of $100 cumulative preferred stock payable Jan. 31, 2005, to shareholders of record on Jan. 5, 2005. 

Additionally, SCE today 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 Feb. 28, 2005, to shareholders of record on Feb. 4, 2005. 

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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.