Rule 424(b)(2) Registration Statement No. 333-68201 Pricing Supplement No. 1 Dated January 20, 1999 (To Prospectus dated January 13, 1999) $60,000,000 SOUTHERN CALIFORNIA WATER COMPANY MEDIUM-TERM NOTES, SERIES C Due from Nine Months to Thirty Years from Date of Issue - ----------------------------------------------------------------------- Principal Amount: $40,000,000 Trade Date: January 20, 1999 Price to Public: 100% Original Issue Date: January 25,1999 Interest Rate (per annum): 6.59% Maturity Date: January 25, 2029 Net Proceeds to Company: $39,700,000 Agent's Commission: 0.75% Agents: A.G. Edwards & Sons, Inc. and PaineWebber Incorporated Redeemable by the Company as follows: N/A Type of Note (check one): Book-Entry Note X --- Certificated Note ___ CUSIP No. 84250Q AT 0 - -------------------------------------------------------------------------