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                                                 EXHIBIT 20.2

          Edison Reacts To CPUC's Electric Industry
                   Restructuring Decision


     ROSEMEAD, CA  --  Southern California Edison today reacted with
caution to the plan for restructuring the state's electric utility
industry announced yesterday by the California Public Utilities
Commission.

     The CPUC has decided on a market structure for the electric utility
industry in the state that, in most respects, seeks to follow a compromise
proposal filed with the Commission last Sept. 11 by Edison and a coalition
of electricity customers and independent power producers, according to
John Bryson, Edison chairman and chief executive officer.

     The compromise proposal -- or Memorandum of Understanding (MOU) -- 
addressed major stakeholder concerns and recommended a power pool-based
market with simultaneous initiation of direct access -- ensuring
competitive prices for all customers.  It also recommended fair treatment
of utility shareholders.

     "We have not yet had the opportunity to thoroughly study the
decision, and measure it against the MOU agreement," Bryson said.
"However, it appears that both the Commission decision and the dissenting
Commissioners' plan offer substantial support for the MOU principles. 
This growing consensus is the best basis to move the restructuring process
forward.

     "We will need to discuss the decision with our MOU partners before
putting together a detailed response and planning our next steps,"  Bryson
said.  Edison will file its response with the CPUC within the 100-day
comment period established by the Commission.
                             - SCE -