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: December 21, 1995 Date of earliest event reported: December 20, 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) PAGE Item 5. Other Events On December 20, 1995, the California Public Utilities Commission (CPUC) issued its decision on the restructuring of California's electric utility industry. The CPUC voted 3-2 in favor of a plan to deregulate the power-generation part of the industry starting in January 1998 through the creation of a wholesale pool known as a power exchange. The CPUC and Southern California Edison press releases describing the decision are attached hereto as Exhibits 20.1 and 20.2, respectively. Also on December 20, 1995, the CPUC put off until January 10, 1996 a decision on Southern California Edison Company's general rate case, including recovery of Edison's investment in the San Onofre Nuclear Generating Station. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits Exhibit Number Description - - - - - ------- ----------- 20.1 News Release -- CPUC Proposes New Electric Industry Market Structure in California to Provide Competition and Consumer Choice 20.2 New Release -- Edison Reacts to CPUC's Decision 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 ---------------------------------- KENNETH S. STEWART ASSISTANT GENERAL COUNSEL AND CORPORATE SECRETARY December 21, 1995