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                                                            EXHIBIT 20.2


      Edison Reacts to CPUC'S Decision
      Regarding Its 1995 General Rate Case

      ROSEMEAD, Calif., Jan. 10, 1995 -- Southern California Edison today
expressed disappointment with the California Public Utilities Commission's
(CPUC) decision regarding operating revenues in the company's 1995 General
Rate Case, but pledged to work diligently to provide customers with high-
quality electric service despite the decision.

      The Commission's decision reduces Edison's operating revenues by
approximately $100 million, in inflation-adjusted dollars, from the amount
the Commission found reasonable and necessary in the company's last
General Rate Case. The decision falls substantially short of the General
Rate Case settlement the company negotiated with the Division of Ratepayer
Advocates (DRA) of the CPUC more than a year ago. The changes from the DRA
settlement with respect to operating revenues were in every respect
adverse to the company.

      Edison said the impact of the decision would fall primarily on
workforce levels, but that the company would work diligently to avoid
measures that would impact service to customers.

      Edison said it would consult with its partners in the Memorandum of
Understanding (MOU) to assess the portion of the GRC decision dealing with
its San Onofre Nuclear Generating Station (SONGS), which appears to be
consistent with the restructuring decision reached by the CPUC on Dec. 20.

     Under the procedure adopted by the Commission, Edison will evaluate
the CPUC's GRC decision before deciding whether to accept the terms of the
decision or to seek further review by the Commission.

                                       - SCE -