SCE Responds to CPUC Decision on “Performance Based Ratemaking”

April 22, 2002

April 22, 2002

The California Public Utilities Commission (CPUC) today approved an extension of a feature of SCE's last General Rate Case (GRC) that places the company at risk for operational inefficiencies and rewards operational excellence.  SCE requested the extension when its upcoming GRC was delayed due to circumstances related to California's energy crisis.  In response, Bob Foster, SCE president, issued the following statement.

ROSEMEAD, Calif., April 22, 2002-This decision represents a constructive step toward our goal of achieving a full financial recovery.

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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.