Southern California Edison Announces Dividend Actions

October 18, 2001

October 18, 2001

ROSEMEAD, Calif., Oct. 18, 2001- The board of directors of Edison International's (NYSE:EIX) electric utility subsidiary Southern California Edison Company (SCE) decided today to defer the quarterly dividends on SCE's 4.08%, 4.24%, and 4.78% series of cumulative preferred stock that would have been payable on Nov. 30, 2001, and on SCE's 4.32% series of cumulative preferred stock and its 6.05% and 6.45% series of $100 cumulative preferred stock that would have been payable on Dec. 31, 2001.

The SCE board also decided to continue the previous deferral of quarterly dividends on its preferred stock payable on and after Feb. 28, 2001.

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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.