Edison Responds to Court Decision Approving Lawsuit Settlement with CPUC

October 05, 2001

October 5, 2001

John E. Bryson, Chairman, CEO & President of Edison International, parent company of Southern California Edison (SCE), today released the following statement in response to the decision by the U.S. District Court ratifying the settlement agreement reached earlier this week between the SCE and the California Public Utilities Commission (CPUC).

ROSEMEAD, Calif., Oct. 5, 2001-Today's decision by U.S. District Court Judge Ronald S.W. Lew, that settles the Filed Rate Doctrine lawsuit, now finalizes a workable plan created by SCE and the CPUC for the utility to become creditworthy once again, to pay its obligations, and to remove the state from the power business.  We look forward to returning to our core mission as quickly as possible--delivering reliable electricity service to our customers.

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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.  Other Edison International companies include Edison Mission Energy, Edison Enterprises, Edison Capital and Edison O&M Services.