PAGE
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 20, 1995
Date of earliest event reported: September 11, 1995
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)
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Item 5. Other Events
Industry Restructuring
On September 11, 1995, Southern California Edison
Company (Edison) and a coalition of independent power
producers and customers jointly announced that they had
reached a consensus in the restructuring of California's
electric utility industry. Terms of the consensus are
contained in a Memorandum of Understanding (MOU) submitted to
the California Public Utilities Commission (CPUC) as a joint
recommendation. A copy of a press release issued by Edison on
September 11, 1995, concerning the MOU is filed herewith as
Exhibit 20.
Proposed General Rate Case Decision
On September 14, 1995, the administrative law judge
(ALJ) in Edison's General Rate Case (GRC) issued a proposed
decision recommending that 1995 revenues be reduced by
approximately $105 million, compared to a $67 million
reduction specified in a settlement between Edison, San Diego
Gas & Electric Company and the Division of Ratepayer Advocates
reached in November of 1994. The ALJ also recommended that
the GRC settlement be rejected, including the portion relating
to San Onofre Nuclear Generating Station Units 2 and 3, which
was viewed as being premature in light of California's
restructuring proceeding.
The ALJ's recommendation can be accepted, modified or
rejected by the CPUC, which will hold oral arguments on the
matter on October 18. A final decision is on the CPUC's
November 8 agenda.
If the CPUC adopts the ALJ's proposed decision without
modification, the impact would be to reduce 1995 earnings by
approximately $50 million or 7 cents per SCEcorp share.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibits
Exhibit
Number Description
- ------- -----------
20 News Release -- Edison and Coalition Submit
Memorandum of Understanding to CPUC
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
KENNETH S. STEWART
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KENNETH S. STEWART
ASSISTANT GENERAL COUNSEL AND
CORPORATE SECRETARY
September 20, 1995