April 6, 2001

Southern California Edison Company (SCE) released the following statement in response to the decision today by Pacific Gas and Electric to file for reorganization under Chapter 11 of the U.S. Bankruptcy Code. This statement is by Edison International Chairman, President, and CEO John Bryson.

ROSEMEAD, Calif., April 6, 2001--This is a sad day for California. PG&E has had a proud history of service to our state for more than a century.

We at Southern California Edison continue to believe that working out a comprehensive solution to our current crisis is a preferable course to take. PG&E's decision today does not change our position.

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Based in Rosemead, Calif., Edison International is a premier international electric power generator, distributor and structured finance provider.