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                                                   EXHIBIT 20



                              Thomas Higgins
                              Southern California Edison
                              (818) 302-7933

                              Martha Alcott
                              California Manufacturers
                              Association
                              (916) 441-5420

FOR IMMEDIATE RELEASE

          Edison and Coalition Submit Memorandum
          of Understanding to CPUC

     SAN FRANCISCO, Calif., September 11, 1995 -- Southern
California Edison and a coalition of independent power
producers and customers including the California Manufacturers
Association (CMA) jointly announced today they have reached a
consensus in the restructuring of the electric utility
industry into a competitive marketplace.

     Terms of the consensus are contained in a Memorandum of
Understanding (MOU) submitted to the California Public
Utilities Commission (CPUC) today. As a joint recommendation
to the CPUC, the MOU outlines implementation details that are
based on a statement of principles for electric utility
restructuring announced August 11, 1995.

     John Fielder, SCE's vice president for Regulatory Policy
and Affairs, said the MOU provides for the simultaneous
beginning of a power exchange and phased-in direct access by
January 1, 1998. "We believe that the MOU allows for an
orderly transition to a competitive marketplace.  Customers
will be able to choose a market mechanism that best suits
their needs while maintaining the reliability of California's
electric system and allowing for small customers to benefit
from the exchange.  It is a consensus, not any one party's
wish list.  It is time now to move forward," he said.

     William Campbell, president of the CMA, said the proposed
arrangement provides value for everyone.  "Under this MOU,
customers in California now have an absolute date they can
look forward to the introduction of a competitive electric
marketplace," he said.  "If enacted by the CPUC, California
will be the first to provide all its citizens choice of
electric services beginning in 1998 and phased in through
2003."

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     According to the MOU:

*    An independent system operator will control the
     scheduling and dispatch of all electricity on the state's
     power grid.
*    A separate independent power exchange will manage an
     economic auction to balance electricity supply and
     demand.  The auction will provide a visible market
     clearing price.
*    Physical direct access will be phased in over a five-year
     schedule, allowing for individual contracts and
     aggregation of smaller customers.
*    A non-bypassable competitive transition charge will be
     collected to pay for past regulatory commitments.
*    California's social and environmental public policy
     programs will be funded through a separate charge during
     the transition period.  The parties emphasized their
     continued support for funding these programs.

     Edison and the coalition members who signed the MOU
pledge to support the proposal and to work for its efficient
implementation. The signators include: California
Manufacturers Association, California Large Energy Consumers
Association, Southern California Edison Company and
Independent Energy Producers.

     Edison reiterated its goal to reduce system-wide rates by
25 percent by the year 2000, in inflation-adjusted dollars. 
The parties expressed strong appreciation for the leadership
shown by the Governor's Office and key legislators in their
effort to achieve consensus and praised the CPUC members for
their pioneering work on the issue.  The CPUC has scheduled
public hearings on the proposal on September 13 and 14, with
a final decision on restructuring the electric utility
industry expected in October.

                            -SCE-