1 EXHIBIT 11 SCECORP COMPUTATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE (UNAUDITED) YEAR ENDED DECEMBER 31, ---------------------------------------------- 1993 1992 1991 -------- -------- -------- (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Consolidated net income . . . . . . . . . . . . . . . . $ 639,047 $ 738,720 $ 702,605 Primary and fully diluted weighted average shares(a) . 447,754,621 445,489,078 437,320,546 ------------ ------------ ------------ Primary and fully diluted earnings per share . . . . . $1.43 $1.66 $1.61 - ------------ (a) Share amounts reflect the two-for-one split of SCEcorp Common Stock effective June 1, 1993.