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: September 7, 1994 Date of earliest event reported: September 6, 1994 SOUTHERN CALIFORNIA EDISON COMPANY (Exact name of registrant as specified in its charter) CALIFORNIA 1-2313 95-1240335 (State or other jurisdiction of (Commission (I.R.S. employer incorporation or organization) file number) identification no.) 2244 Walnut Grove Avenue (P.O. Box 800) Rosemead, California 91770 (Address of principal executive offices, including zip code) 818-302-1212 (Registrant's telephone number, including area code) Item 5. Other Events On September 6, 1994, Southern California Edison Company ("Edison") issued a press release announcing the signing of a memorandum of understanding with the California Public Utilities Commission's ("CPUC") Division of Ratepayer Advocates ("DRA") that will form the basis for negotiation of a final settlement regarding Edison's 1995 General Rate Case ("GRC"). The memorandum of understanding provides for: (1) a $67 million non-fuel revenue decrease in Edison's GRC, (2) an accelerated eight-year recovery of Edison's $2.7 billion remaining investment in San Onofre Nuclear Generating Station Units 2 and 3 (SONGS 2 & 3) at a reduced rate of return, and (3) an incentive pricing plan for electricity produced by SONGS 2 & 3. Edison and the DRA will seek CPUC approval of the proposed settlement by the end of 1994. Copies of the press release and memorandum of understanding are filed herewith as Exhibits 20.1 and 20.2 and are incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits See Exhibit Index on page 4. 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 thereunto duly authorized. SOUTHERN CALIFORNIA EDISON COMPANY C. Alex Miller ---------------------------------- C. Alex Miller Treasurer September 7, 1994 EXHIBIT INDEX Exhibit Number Description - - ------- ----------- 20.1 Press Release Regarding General Rate Case Memorandum of Understanding with DRA. 20.2 Memorandum of Understanding Between Edison and DRA re 1995 General Rate Case.