January 8, 2001

Southern California Edison Company (SCE) today released the following statement in response to remarks by Gov. Gray Davis during his state of the state address about California's energy crisis.

ROSEMEAD, Calif., Jan. 8, 2001-SCE was pleased to hear the governor recognize again the importance of the financial stability and role utilities play in providing reliable and affordable power for the state of California.  Utilities provide a vital means of buffering consumers from the volatility of the wholesale power market.  Urgent action is needed to allow us to continue providing this essential role.

The governor's speech also referenced the establishment of either a joint powers authority or a California public power authority to assure the state's ability to control its own energy destiny.  We look to the governor and legislature for further definition of this concept, as we are prepared to support any reasonable approach to achieving electric service reliability at affordable customer rates.

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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.