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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 25, 2004
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)
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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.
Mountainview Acquisition
On July 17, 2003, Southern California Edison Company (SCE) signed an option agreement with Sequoia
Generating LLC, a subsidiary of InterGen, to acquire Mountainview Power Company LLC, the owner of a new
1,054-megawatt, combined-cycle, natural gas-fired power plant currently being developed in Redlands, California.
Mountainview Power Company LLC would sell all the output of the power plant to SCE pursuant to a 30-year tolling
power-purchase agreement. The power-purchase agreement would be a cost-based contract providing for recovery of
investment, fixed and variable costs, and a regulated rate of return, over the 30-year life of the contract. On
December 18, 2003, the California Public Utilities Commission (CPUC) approved the Mountainview power-purchase
agreement, subject to SCE receiving a Federal Energy Regulatory Commission (FERC) decision approving the
agreement without any modifications that would have potential rate impacts. On February 25, 2004, the FERC
granted conditional approval of the Mountainview power-purchase agreement. On March 1, 2004, a CPUC
administrative law judge issued a proposed decision that would accept the conditions in the FERC approval of the
power-purchase agreement. The matter is scheduled to be considered by the CPUC at its meeting on March 16, 2004;
and parties may file comments by March 9.
On February 28, 2004, SCE exercised its option to purchase Mountainview Power LLC. SCE currently
anticipates that it will close the purchase before the end of March 2004 and recommence construction of the
project immediately thereafter. SCE estimates that the project will be completed in March 2006 at a cost of
approximately $600 million, excluding financing costs. SCE expects to finance the capital costs of the project
with debt and equity at the utility level consistent with SCE's authorized capital structure.
San Onofre Steam Generator Replacement
SCE operates and owns approximately 75% of Units 2 and 3 at the San Onofre nuclear generating station.
Like other nuclear power plants with steam generators of the same design and material properties, San Onofre
Units 2 and 3 have experienced degradation in their steam generators. Based on industry experience and SCE's
analysis of recent inspection data, SCE has determined that the existing San Onofre Units 2 and 3
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steam generators may not enable continued reliable operation of the units beyond their scheduled
refueling outages in 2009-2010. SCE currently estimates that the cost of replacing the steam generators would be
about $680 million. If the other plant co-owners pay their proportionate shares of the costs, SCE's 75% share
would be about $510 million. However, the co-owners have not approved the steam generator replacement project.
To obtain timely delivery of replacement steam generators, SCE will need to enter into certain commitments in
2004. On February 27, 2004, SCE filed an application with the CPUC seeking a finding that it is reasonable for
SCE to invest its share of the costs of replacing the San Onofre Unit 2 and 3 steam generators. If the CPUC
finds investment in the steam generators to be reasonable and cost effective, the investment should be reflected
in SCE's retail rates for recovery over the remaining useful life of the plants. SCE currently does not expect
that it would proceed with replacement of the San Onofre Unit 2 and 3 steam generators without CPUC approval of
reasonable cost recovery.
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
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KENNETH S. STEWART
Assistant General Counsel and Assistant Secretary
DATE: March 2, 2004
