===================================================================================================================
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): October 16, 2003
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)
626-302-1212
(Registrant's telephone number, including area code)
===================================================================================================================
Items 1 through 4 and 6 through 12 are not included because they are inapplicable.
This current report includes forward-looking statements. These forward-looking statements are based on
current expectations and projections about future events based on knowledge of facts as of the date of this
current report and assumptions about future events. These forward-looking statements are subject to various
risks and uncertainties that may be outside the control of Southern California Edison Company. Southern
California Edison Company has no obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.
Item 5. Other Events.
As previously reported, Southern California Edison Company entered into a litigation settlement
agreement with the California Public Utilities Commission (CPUC) in October 2001. The settlement agreement
allowed the company to recover $3.6 billion of past procurement-related costs through a regulatory balancing
account known as the PROACT, but also prohibited the company from paying any dividends to its parent, Edison
International, during the period that the costs were being recovered. The recovery of the past
procurement-related costs was completed by July 31, 2003. On October 14, 2003, the CPUC's Energy Division
notified the company that the division completed its final review of PROACT accounting and eliminated the PROACT
account effective August 14, 2003.
As of September 30, 2003, Southern California Edison's common equity to total capitalization ratio for
ratemaking purposes was approximately 54%. The CPUC-authorized level for the company is 48%. Therefore, on
October 16, 2003, the company transferred through a dividend to Edison International $945 million of equity that
exceeded the authorized level. The purpose of the transfer was to begin to rebalance Southern California
Edison's capital structure in accordance with the CPUC's requirements. Following the transfer, the ratio is
expected to be approximately 49% as of October 31, 2003.
Dividends from Southern California Edison to Edison International are subject to CPUC directives that
Southern California Edison maintain a balanced capital structure consistent with levels authorized in CPUC
ratemaking decisions, establish its dividend policy as though it were a comparable stand-alone utility company,
and give first priority to the capital requirements of the utility as necessary to meet its obligation to serve
its customers.
Southern California Edison believes that rebalancing its capital structure and resuming common stock
dividends are important steps in restoring the company's financial integrity and enabling the company to provide
continued reliable service to its customers.
Page 2
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/ KENNETH S. STEWART
--------------------------------------------------
KENNETH S. STEWART
Assistant General Counsel and Assistant Secretary
Date: October 16, 2003
