SCE Declares Preferred Stock Dividends

May 14, 2002

May 14, 2002

ROSEMEAD, Calif., May 14, 2002-The Board of Directors of Southern California Edison Company today declared a quarterly dividend of $.27 per share on the 4.32% series of cumulative preferred stock, $1.5125 per share on the 6.05% series of $100 cumulative preferred stock, and $1.6125 per share on the 6.45% series of $100 cumulative preferred stock.  Each of these dividends is payable June 30 to shareholders of record on June 5, 2002.

In addition, Southern California Edison Company today 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, 2002, to shareholders of record on July 5, 2002.

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An Edison International company, 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.  For more information on the California electricity market, see www.sce.com.