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September 03, 2015 9:49 PM ET

Electric Utilities

Company Overview of Southern California Edison Company

Company Overview

Southern California Edison Company, a public utility, engages in the generation, transmission, and distribution of electricity in Southern California. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic resources. Its distribution system includes approximately 53,000 line miles of overhead lines, 38,000 line miles of underground lines, and approximately 800 distribution substations. Southern California Edison Company serves approximately 14 million commercial, residential, industrial, agricultural, and other customers, as well as public authorities. The company was founded in 1896 and is based in Rosemead, California. Southern California Ed...

2244 Walnut Grove Avenue

PO Box 800

Rosemead, CA 91770

United States

Founded in 1896

13,600 Employees

Phone:

626-302-1212

Key Executives for Southern California Edison Company

President
Age: 49
Chief Financial Officer and Senior Vice President
Age: 51
Director, Chairman of Edison International, Chief Executive Officer of Edison International and President of Edison International
Age: 63
Senior Vice President and General Counsel
Age: 63
Senior Vice President of Power Supply & Operations Support
Age: 51
Compensation as of Fiscal Year 2015.

Southern California Edison Company Key Developments

Edison International and Southern California Edison Company Enter into Amended and Restated Credit Agreements

On July 14, 2015, each of Edison International and Southern California Edison Company entered into Amended and Restated Credit Agreements. The EIX Agreement provides for a $1.25 billion revolving credit facility. The SCE Agreement provides for a $2.75 billion revolving credit facility. The Agreements implement several technical amendments and extend the termination date of each facility to July 18, 2020.

Southern California Edison Starts Infrastructure-Improvement Project in Uptown Whittier

Southern California Edison announced that it has started infrastructure-improvement work in Uptown Whittier, California. The $1.1 million project began earlier this month and will continue through July. The project includes a half-mile of new electrical cable along Painter Avenue between Helen Street and La Cuarta Street, six pole replacements near the intersection of Mar Vista Street and College Avenue and other major equipment upgrades throughout the Uptown Whittier community. There will also be new switching equipment installed, which will facilitate quicker service restoration. If a future outage occurs, these devices will also help to reroute power and isolate incidents to the smallest area possible.

Southern California Edison Company Declares Preference Stock Dividend

The Board of Directors of Southern California Edison Company declared a quarterly dividend of $1.0325 per share on the Series A preference stock, payable on July 31, 2015, to shareholders of record on July 2, 2015. A semi-annual dividend of $31.25 per share on the Series E preference stock, payable on August 1, 2015, to shareholders of record on July 2, 2015. Quarterly dividends of $0.255 per share on the 4.08% series of cumulative preferred stock, $0.265 per share on the 4.24% series of cumulative preferred stock and $0.29875 per share on the 4.78% series of cumulative preferred stock. Each of these dividends is payable on August 31, 2015, to shareholders of record on August 5, 2015. A quarterly dividend of $1.625 per share on the Series D preference stock, payable on September 1, 2015, to shareholders of record on August 5, 2015. A quarterly dividend of $0.27 per share on the 4.32% series of cumulative preferred stock, payable on September 30, 2015, to shareholders of record on September 4, 2015.

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