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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 28, 2008
SOUTHERN CALIFORNIA EDISON COMPANY
(Exact name of registrant as specified in its charter)
CALIFORNIA 001-2313 95-1240335
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
2244 Walnut Grove Avenue
(P.O. Box 800)
Rosemead, California 91770
(Address of principal executive offices, including zip code)
626-302-2222
(Registrant's telephone number, including area code)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Section 5 - Corporate Governance and Management
Item 5.02(e) Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Edison International 2008 Executive Bonus Program
On February 28, 2008, the Compensation and Executive Personnel Committee (the
"Committee") of the Board of Directors of Edison International, the parent holding company
of Southern California Edison Company ("SCE"), approved the Edison International 2008
Executive Bonus Program (the "2008 Bonus Program"). The following summary of the 2008
Bonus Program is qualified in its entirety by reference to the text of the 2008 Bonus
Program, which is filed as Exhibit 10.1 hereto and incorporated by reference herein.
The 2008 Bonus Program creates a bonus pool having a maximum value equal to 1.5% of
Edison International's consolidated earnings from continuing operations during fiscal year
2008. Certain SCE executive officers were granted performance-based awards under the 2008
Bonus Program having a maximum value equal to a fixed percentage of the bonus pool, if
any. The maximum fixed percentage of the bonus pool allocated to each named executive
officer of SCE who participates in the 2008 Bonus Program is as follows:
Name and Title Percentage of Bonus Pool
John E. Bryson, Chairman of the Board, 27%
President and CEO of Edison International
Alan J. Fohrer, Chairman of the Board and
CEO of SCE 12%
John R. Fielder, President of SCE 7%
The Committee will administer the 2008 Bonus Program, determine final bonus amounts,
and retains discretion to reduce (but not increase) the actual amount payable to any of
these officers from the maximum amount determined under the program.
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On February 28, 2008, the Compensation and Executive Personnel Committee of the SCE
Board of Directors approved cash bonuses for 2007 for SCE's executive officers, including
SCE's named executive officers. The 2007 cash bonuses for Messrs. Bryson, Fohrer and Fielder
were determined under and in accordance with the Edison International 2007 Executive Bonus
Program. The bonuses for SCE's two named executive officers who did not participate in the
Edison International 2007 Executive Bonus Program were as follows:
Named Executive Officer 2007 Cash Bonus
Mahvash Yazdi, Senior Vice $387,000
President and Chief
Information Officer
Thomas M. Noonan, Senior Vice $329,000
President and Chief Financial
Officer
Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
See the Exhibit Index below.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
SOUTHERN CALIFORNIA EDISON COMPANY
(Registrant)
/s/ Linda G. Sullivan
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Linda G. Sullivan
Vice President and Controller
Date: March 5, 2008
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EXHIBIT INDEX
Exhibit No. Description
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10.1 Edison International 2008 Executive Bonus Program
