SCE Declares Preferred Stock Dividends

April 18, 2002

April 18, 2002

Continues Deferral of Shareholder Distributions to Parent, Edison International

ROSEMEAD, Calif., April 18, 2002-The Board of Directors of Southern California Edison Company today declared a quarterly dividend of $.255 per share on the 4.08% series, $.265 per share on the 4.24% series, and $.29875 per share on the 4.78% series of cumulative preferred stock.  Each of the dividends is payable May 31, 2002 to shareholders of record on May 3, 2002.

SCE will continue the temporary deferral of shareholder distributions to its parent company, Edison International (NYSE:EIX), in compliance with the Oct. 2, 2001, agreement settling SCE's lawsuit against the California Public Utilities Commission.  That settlement makes possible the recovery of the utility's past power procurement debt.

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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.