April 16, 2001

ROSEMEAD, Calif., April. 16, 2001-Edison International's (NYSE:EIX) electric utility subsidiary Southern California Edison Company announced that its board of directors 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 May 31, 2001.

The board also decided to continue the previous deferral of quarterly dividends on its preferred stock payable on and after February 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.