SCE Declares Preferred Stock Dividends

July 14, 2004

July 14, 2004

ROSEMEAD, Calif., July 14, 2004 —The Board of Directors of Southern California Edison Company (SCE) today declared a quarterly dividend of $.255 per share on the 4.08% series of cumulative preferred stock, $.265 per share on the 4.24% series of cumulative preferred stock, and $.29875 per share on the 4.78% series of cumulative preferred stock.  Each of these dividends is payable Aug. 31, 2004, to shareholders of record on Aug. 5, 2004.

SCE today also declared a quarterly dividend of $.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 Sept. 30, 2004, to shareholders of record on Sept. 3, 2004.

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An Edison International (NYSE:EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of more than 12 million via 4.5 million customer accounts in a 50,000-square-mile service area within central, coastal and Southern California.