-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EvYIUmDRJ2I7W0Z7zBMBl2XUh/p6/me70pz5BhT2G7OYeO22BkIZEBZjTJ/CYDC1 vxIpIJvvzA40u7Xxf9VdrA== /in/edgar/work/20000629/0000092103-00-000012/0000092103-00-000012.txt : 20000920 0000092103-00-000012.hdr.sgml : 20000920 ACCESSION NUMBER: 0000092103-00-000012 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EDISON INTERNATIONAL CENTRAL INDEX KEY: 0000827052 STANDARD INDUSTRIAL CLASSIFICATION: [4911 ] IRS NUMBER: 954137452 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 001-09936 FILM NUMBER: 664333 BUSINESS ADDRESS: STREET 1: 2244 WALNUT GROVE AVE, STE 374 STREET 2: P O BOX 800 CITY: ROSEMEAD STATE: CA ZIP: 91770 BUSINESS PHONE: 6263022222 FORMER COMPANY: FORMER CONFORMED NAME: SCECORP DATE OF NAME CHANGE: 19920703 11-K 1 0001.txt FORM 11-K STOCK SAVINGS PLUS PLAN FOR 1999 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K ANNUAL REPORT [X] Annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 1999 --------------------------------------------- Commission File Number 1-9936 SOUTHERN CALIFORNIA EDISON COMPANY STOCK SAVINGS PLUS PLAN (Full Title of the Plan) EDISON INTERNATIONAL (Name of Issuer) 2244 WALNUT GROVE AVENUE (P.O. Box 800), ROSEMEAD, CALIFORNIA 91770 (Address of principal executive office) SOUTHERN CALIFORNIA EDISON COMPANY STOCK SAVINGS PLUS PLAN Financial Statements and Supplemental Schedule As of December 31, 1999 and 1998 Together with Auditors' Report INDEX REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS FINANCIAL STATEMENTS: Statements of Net Assets Available for Plan Benefits as of December 31, 1999 and 1998 Statement of Changes in Net Assets Available for Plan Benefits for the Year Ended December 31, 1999 NOTES TO FINANCIAL STATEMENTS SCHEDULE I: Schedule of Assets Held for Investment Purposes as of December 31, 1999 NOTE: All other schedules have been omitted since the information is either disclosed elsewhere in the financial statements or not required by 29 CFR 2520.103-10 of the Department of Labor Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS To the Southern California Edison Company Benefits Committee: We have audited the accompanying statements of net assets available for plan benefits of the SOUTHERN CALIFORNIA EDISON COMPANY STOCK SAVINGS PLUS PLAN (the Plan) as of December 31, 1999 and 1998, and the related statement of changes in net assets available for plan benefits for the year ended December 31, 1999. These financial statements and the schedule referred to below are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements and the schedule based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements made by management, as well as evaluating the overall financial statement presentation. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for plan benefits of the Plan as of December 31, 1999 and 1998, and the changes in its net assets available for plan benefits for the year ended December 31, 1999, in conformity with accounting principles generally accepted in the United States. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. Schedule I listed in the accompanying index is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. ARTHUR ANDERSEN LLP ARTHUR ANDERSEN LLP Los Angeles, California June 26, 2000 SOUTHERN CALIFORNIA EDISON COMPANY STOCK SAVINGS PLUS PLAN Statements of Net Assets Available for Plan Benefits As of December 31, 1999 and 1998 (in 000's)
1999 1998 ----------------- ----------------- Assets Investments, at fair value $ 2,039,254 $ 1,853,478 Receivables: Interest receivable 969 550 Dividend receivable - 7,513 Receivable from brokers 2,963 3,582 ----------------- ----------------- Total receivables 3,932 11,645 ----------------- ----------------- Total assets 2,043,186 1,865,123 ----------------- ----------------- Liabilities Payable to brokers and others 2,414 544 ----------------- ----------------- Total liabilities 2,414 544 ----------------- ----------------- Net assets available for plan benefits $ 2,040,772 $ 1,864,579 ================= =================
The accompanying notes are an integral part of this statement. SOUTHERN CALIFORNIA EDISON COMPANY STOCK SAVINGS PLUS PLAN Statement of Changes in Net Assets Available for Plan Benefits For the Year Ended December 31, 1999 (in 000's) Additions Investment income: Dividend $ 22,384 Interest 16,244 Net appreciation in fair value of investments 149,204 ----------------- 187,832 Less: management fees 468 ----------------- Net investment income 187,364 Contributions: Employer contributions, net of forfeitures 30,502 Participant contributions 79,410 ----------------- Total contributions 109,912 ----------------- Total additions 297,276 ----------------- Deductions Distributions to participants 121,083 ----------------- Total deductions 121,083 ----------------- Net increase 176,193 ----------------- Net assets available for plan benefits: Beginning of year 1,864,579 ----------------- End of year $2,040,772 ================= The accompanying notes are an integral part of this statement. SOUTHERN CALIFORNIA EDISON COMPANY STOCK SAVINGS PLUS PLAN Notes to Financial Statements December 31, 1999 Note 1. Nature of Plan The following description of the Southern California Edison Company (the Plan Sponsor) Stock Savings Plus Plan (the Plan) provides only general information. Participants should refer to the Plan document, as amended, for a more complete description of the Plan's provisions. Nature of Plan Eligibility The Plan is a defined-contribution plan with a 401(k) feature, in which qualifying full-time or part-time employees of Edison International (the Company) and substantially all of its subsidiary companies are eligible to participate. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). An employee, as defined by the Plan document, is eligible to participate in the Plan immediately upon employment. Contributions Subject to statutory limits, prior to March 11, 1999, participants may annually contribute up to 15 percent of their eligible pay, as defined by the Plan document. Effective March 11, 1999, subject to statutory limits, all participants but Southern California Edison Company International Brotherhood of Electrical Workers, Utility Workers Union of America, and San Onofre Firefighters Association-represented participants (collectively, Certain Represented Participants) may elect to defer up to 19 percent of their eligible pay, as defined by the Plan document. Certain Represented Participants continue to be able to defer up to 15 percent of eligible pay, as defined by the Plan. Participating employers provide matching contributions from 0 percent to 100 percent of up to 6 percent of a participant's eligible pay. Certain participating subsidiaries also provide a fixed profit sharing contribution of 3 percent of eligible pay each pay period and a variable profit sharing contribution annually to eligible employees. The Plan also accepts rollovers from other qualified plans. Vesting Participants immediately vest in their contributions plus actual earnings thereon. Effective March 11, 1999, for all but Certain Represented Participants, employer contributions plus actual earnings thereon vest at a rate of 20 percent per year. Certain Represented Participants do not vest in employer contributions until they have achieved 5 years of service, at which time they fully vest. Once fully vested, all future employer contributions and earnings thereon are immediately vested. Prior to March 11, 1999, employer contributions plus actual earnings vested upon completion of five years of service as defined in the Plan document. Forfeitures At December 31, 1999 and 1998, forfeited non-vested accounts totaled $6,227 and $8,729, respectively. These accounts are used to reduce employer contributions. During 1999, employer contributions were reduced by $194,701 for forfeited nonvested accounts. Plan Trust Plan assets are held in trust with State Street Bank and Trust Company (the Trustee) for the benefit of participants and their beneficiaries. The mutual covenants to which the Company and the Trustee agree are disclosed in the Stock Savings Plus Plan Trust Agreement (the Trust Agreement). Plan Administration The Plan is administered by the Southern California Edison Company Employee Benefits Committee (the Plan Administrator). Hewitt & Associates is the Plan's recordkeeper. Frank Russell Trust Company and BZW Barclay's Global Investors were the Plan's investment managers for the six funds that were available prior to March 11, 1999 (see Note 4). Effective March 11, 1999 the investment choices increased to 50 investment funds. The increase in investment choices increased the number of investment managers. The Plan's prospectus provides a detailed description of each investment fund choice and the respective investment manager. Administrative and Investment Expenses The Plan Sponsor pays the cost of administering the Plan, including certain fees and expenses of the Trustee and recordkeeper. The fees, taxes and other expenses incurred by the Trustee or investment managers are paid out of the applicable fund. This includes brokerage fees for sales or purchases of Edison International Common Stock on the open market. No additional costs are incurred in connection with sales of Edison International Common Stock within the Trust or the transfer of assets between funds. Mutual funds pay fees to the Plan recordkeeper for administrative services to participants that would otherwise have to be provided by the fund. The majority of fees received by the Plan recordkeeper are used to reduce the recordkeeping and communication expenses of the Plan. Participant Accounts Each participant account is credited with the participant's contribution, the employer's contribution, if applicable, and allocations of Plan earnings. Allocation of earnings and expenses are based on account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the vested portion of the participant's account. Participant Loans Receivable Participants may borrow from their accounts a minimum of $1,000 up to the lesser of $50,000 reduced by the highest loan balance during the prior 12 months or 50 percent of their vested account balance. Loan transactions are treated as a transfer (from) to the investment fund to (from) Participant Loans. Loan terms range from one to four years for general purpose loans or up to 15 years for the purchase of a primary residence. Loans bear interest at Prime Rate plus one percent. Interest rates range from 7.0 percent to 9.5 percent. Principal and interest is paid ratably through payroll deductions. Some separated participants may repay loan obligations by manual checks, rather than through payroll deductions. Payment of Benefits Distribution of account balances of $5,000 or less ($3,500 or less for Certain Represented Participants) occur after a participant terminates employment, dies, or becomes permanently and totally disabled. Participants terminating employment having account balances greater than $5,000 and retirees, may: a) elect to receive their distributions at any time before turning age 70 1/2, and b) choose between a lump sum or an installment form of payment. 2 Note 2. Summary of Significant Accounting Policies Basis of Accounting The financial statements are presented on the accrual basis of accounting and in conformity with accepted accounting principles applicable to employee benefit plans in the United States. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates. Investment Valuation and Income Recognition The Plan's investments are stated at fair value. Investments in the collective funds are valued at quoted market prices, which represent the net asset value of shares held by the Plan at year end. Edison International Common Stock is valued at its quoted market price. Participant loans are valued at cost, which approximates fair value. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net Appreciation (Depreciation) in Fair Value of Investments Realized and unrealized appreciation (depreciation) in the fair value of investments is based on the difference between the fair value of the assets at the beginning of the year, or at the time of purchase for assets purchased during the year, and the related fair value on the day investments are sold with respect to realized appreciation (depreciation), or on the last day of the year for unrealized appreciation (depreciation). New Pronouncement During 1999, the Plan implemented Statement of Position 99-3, Accounting For and Reporting of Certain Defined Contribution Plan Investments and Other Disclosure Matters, which eliminates the requirement for a defined contribution plan to individually disclose participant directed investment programs. Distributions to Participants Distributions to participants are recorded when paid. Note 3. Investment Elections The Trustee invests all contributions in accordance with participant instructions. All participants, except for Certain Represented Participants, may elect to change their investment mix effective each business day. Certain Represented Participants continue to be able to make such changes monthly. All participants, except for Certain Represented Participants, may elect changes to their deferral percentages and deferral investment elections coincident with their pay frequency. Certain Represented Participants continue to be able to make such changes monthly. 3 Note 4. Investment Options Prior to March 11, 1999, all participants' investment elections were limited to the following six funds: o Edison International Common Stock Fund o Common Stock Fund o Money Market Fund o Balanced Fund o Bond Fund o Global Fund The transfer of the participants' investment from the Edison International Common Stock Fund to all other funds is valued at the closing market price on the date of the transfer, for all but Certain Represented Participants. The transfer of the participants' investment from the Edison International Common Stock Fund to all other funds is valued at the month-end closing price for Certain Represented Participants. The transfer of the participants' investment from all other funds to the Edison International Common Stock Fund, or to any other fund, is based on the actual market value balance (including earnings and market adjustments) in each participant's account, as of the date of transfer. Effective March 11, 1999, all but Certain Represented Participants can choose investments from among 50 investment fund offerings. These investment funds consist of the following: o Three Pre-mixed Portfolios - Funds are invested in portfolios which include U.S. stocks, non U.S. stocks and corporate and government bonds. o Seven Core Funds - Funds are invested in a broad selection of asset classes; large and small U.S. stocks, non-U.S. stocks and fixed income instruments. o Forty Mutual Funds - Funds are invested in a variety of retail mutual funds from multiple asset classes. Participants should refer to the Summary Plan document for a more complete description of the various investment options. Note 5. Investments The following presents investments that represent 5 percent or more of the Plan's net assets:
December 31, ------------------------ 1999 1998 -------- ------- (in 000's) Edison International Common Stock Fund, 27,047,300 and 28,896,508 shares, respectively (See Note 7) $708,301 $805,490 BZW Barclay's Global Investors (U.S. Stock Index Fund), 11,784,689 and 14,208,753 units, respectively 479,189 440,742 Frank Russell Trust Company (Balanced Fund), 6,025,414 and 7,090,327 units, respectively 151,268 154,821 Frank RusselI Trust Company (Global Fund) 1,689,695 and 8,606,786 units, respectively 53,685 204,711 State Street Bank (Money Market Fund), 211,083,762 units 211,084 - Wells Fargo Bank, N.A. (Short-Term Income Fund), 126,433,837 units - 126,434
4 During 1999, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value as follows (in 000's): Edison International Common Stock Fund (Note 7) $ (45,957) Bond Intermediate Term Fund (37) U.S. Large Company Stock Fund 3,206 U.S. Small Company Stock Fund 1,408 Conservative Growth Fund 314 Aggressive Growth Fund 5,150 Europacific Fund 7,354 Mutual Funds 50,902 US Stock Index Fund 91,576 Balanced Fund 22,040 Bond Short-Term Fund 401 Global Fund 12,847 -------- Total $149,204 ======== Note 6. Reconciliation of Financial Statements to Form 5500 --------------------------------------------------- The following is a reconciliation of net assets available for plan benefits per the financial statements to the Form 5500:
December 31, ---------------------------------------- 1999 1998 ---------------- -------------- (in 000's) Net assets available for plan benefits per the financial statements $2,040,772 $1,864,579 Amounts allocated to withdrawing participants 3,922 9,139 ---------- ---------- Net assets available for plan benefits per the Form 5500 $2,036,850 $1,855,440 ========== ==========
The following is a reconciliation of plan benefits paid to participants per the financial statements to the Form 5500: Year ended December 31, 1999 ----------------- (in 000's) Plan benefits paid to participants per the financial statements $121,083 Add: Amounts allocated to withdrawing participants at December 31, 1999 3,922 Less: Amounts allocated to withdrawing participants at December 31, 1998 9,139 -------- Plan benefits paid to participants per the Form 5500 $115,866 ======== Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to December 31 but not yet paid as of that date. 5 Note 7. Related Party Transactions The Money Market Fund was managed by State Street Bank and Trust Company, which also serves as the Plan's Trustee. As such, transactions in the Money Market Fund qualify as party-in-interest transactions. Fees earned by the Trustee in its capacity as fund manager for the Plan were $285,104 for 1999. Such fees are reported net of interest income on the statement of changes in net assets available for plan benefits. The investment options include the Company's Common Stock as a fund option (see Note 5). State Street Global Advisors, an affiliate of State Street Bank and Trust Company, is the investment manager of the Edison International Common Stock Fund. As such, transactions in the Edison International Common Stock Fund qualify as party-in-interest transactions. Fees earned by State Street Global Advisors, in its capacity as the investment manager of the Edison International Common Stock Fund, were $70,230 for 1999. Note 8. Plan Termination Although it has not expressed an intent to do so, the Plan Sponsor has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become fully vested in their accounts. The Trust will continue after termination until all Trust assets have been distributed to participants and their beneficiaries. Note 9. Tax Status The Internal Revenue Service has determined and informed the Plan Sponsor by a letter dated March 4, 1999, that the Plan and related trust are qualified under applicable sections of the Internal Revenue Code (IRC). The Plan has been amended since receiving the determination letter. However, the Plan Administrator and the Plan's tax counsel believe that the Plan is designed and is currently operated in compliance with the applicable requirements of the IRC. Note 10. Employee Stock Ownership Plan Effective February 23, 1998, the Plan was amended to convert the Edison International Stock Fund into an employee stock ownership plan allowing for the current distribution of dividends to all participants but Certain Represented Participants not electing to reinvest all or a portion of such dividends. For the year ended December 31, 1999, such distributions totaled $6,171,020. Note 11. Subsequent Events Effective February 1, 2000, participation in the new investment options was expanded to include the Certain Represented Participants previously limited to the older choices (see Note 4). Effective February 1, 2000, Certain Represented Participants were awarded enhanced Plan terms. The enhanced Plan terms include, but are not limited to: allowing contributions up to 19 percent of pay; receiving graded vesting at the rate of 20 percent per year; allowing daily transactions; receiving distribution of account balances of $5,000 or less if they terminate employment, die or become permanently and totally disabled; and a matching contribution rate increased to 75 percent of up to 6 percent of the participants' eligible pay. 6 SCHEDULE I SOUTHERN CALIFORNIA EDISON COMPANY STOCK SAVINGS PLUS PLAN EIN 95-1240335 - PLAN NO. 002 Schedule of Assets Held For Investment Purposes As of December 31, 1999 (in 000's)
(a) (b) (c) (d) DESCRIPTION OF INVESTMENT INCLUDING MATURITY CURRENT IDENTITY OF ISSUE, BORROWER, DATE, RATE VALUE LESSOR, OR SIMILAR PARTY OF INTEREST, PAR OR MATURITY VALUE - ----------------------------- ---------------------------------------------- ------ * EDISON INTERNATIONAL STOCK FUND COMMON STOCK -NO PAR VALUE $708,301 * BZW BARCLAY'S GLOBAL INVESTORS COMMON STOCK FUND - COLLECTIVE INVESTMENT IN 479,189 THE BZW BARCLAY'S GLOBAL INVESTORS US STOCK INDEX FUND * FRANK RUSSELL TRUST COMPANY BALANCED FUND - COLLECTIVE INVESTMENT IN FRANK 151,268 RUSSELL GLOBAL BALANCED FUND * STATE STREET BANK & TRUST CO. MONEY MARKET FUND - COLLECTIVE INVESTMENT IN 211,084 THE STATE STREET BANK MONEY MARKET FUND * FRANK RUSSELL TRUST COMPANY BOND FUND - COLLECTIVE INVESTMENT IN FRANK 7,594 RUSSELL SHORT-TERM BOND FUND * FRANK RUSSELL TRUST COMPANY BOND FUND - COLLECTIVE INVESTMENT IN FRANK 11,871 RUSSELL INTERMEDIATE BOND FUND * FRANK RUSSELL TRUST COMPANY US LARGE COMPANY - COLLECTIVE INVESTMENT IN 30,167 FRANK RUSSELL US LARGE COMPANY EQUITY I FUND * FRANK RUSSELL TRUST COMPANY US SMALL COMPANY - COLLECTIVE INVESTMENT IN 8,968 FRANK RUSSELL US SMALL COMPANY EQUITY II FUND * FRANK RUSSELL TRUST COMPANY CONSERVATIVE GROWTH PORTFOLIO - COLLECTIVE 7,911 INVESTMENT IN FRANK RUSSELL CONSERVATIVE BALANCED FUND * FRANK RUSSELL TRUST COMPANY AGGRESSIVE GROWTH PORTFOLIO - COLLECTIVE 36,926 INVESTMENT IN FRANK RUSSELL AGGRESSIVE BALANCED FUND AMERICAN FUNDS EUROPACIFIC GROWTH FUNDS - COLLECTIVE 28,675 INVESTMENT IN THE AMERICAN FUNDS GROUP EUROPACIFIC GROWTH FUND * FRANK RUSSELL TRUST COMPANY GLOBAL FUND - COLLECTIVE INVESTMENT IN FRANK 53,685 RUSSELL EQUITY-BASED GLOBAL MIX FUNDS T. ROWE PRICE COLLECTIVE INVESTMENT IN T. ROWE PRICE SCIENCE 69,590 AND TECHNOLOGY FUNDS JANUS INVESTMENT FUNDS COLLECTIVE INVESTMENT IN JANUS WORLDWIDE FUNDS 35,545 JANUS INVESTMENT FUNDS COLLECTIVE INVESTMENT IN JANUS BALANCED FUNDS 19,827 PUTNAM COLLECTIVE INVESTMENT IN VOYAGER A FUND 9,514 FRANKLIN STRATEGIC COLLECTIVE INVESTMENT IN FRANKLIN SMALL CAP 8,389 GROWTH FUND A PUTNAM COLLECTIVE INVESTMENT IN ASIA PACIFIC GROWTH 7,863 FUND A DREYFUS MANAGEMENT COLLECTIVE INVESTMENT IN APPRECIATION FUND 7,223 TURNER FUNDS COLLECTIVE INVESTMENT IN TURNER SMALL CAP 6,711 GROWTH FUND FIDELITY FUNDS COLLECTIVE INVESTMENT IN FIDELITY SELECT HEALTH 5,935 CARE FUND AMERICAN FUNDS COLLECTIVE INVESTMENT IN WASHINGTON MUTUAL 5,914 INVESTORS FUND DREYFUS MANAGEMENT COLLECTIVE INVESTMENT IN DREYFUS DISCIPLINED 5,304 STOCK FUND FOUNDERS FUNDS INC. COLLECTIVE INVESTMENT IN FOUNDERS GROWTH FUND 5,123 T. ROWE PRICE COLLECTIVE INVESTMENT IN MID-CAP GROWTH 5,045 PUTNAM COLLECTIVE INVESTMENT IN INTERNATIONAL GROWTH 4,792 FUND A FIDELITY INVESTMENTS COLLECTIVE INVESTMENT IN SPARTAN HIGH INCOME 3,257 FUND MORGAN STANLEY DEAN WITTER COLLECTIVE INVESTMENT IN INST EQUITY GROWTH B 3,083 FUNDS * HEWITT SERIES COLLECTIVE INVESTMENT IN HEWITT MONEY MARKET 2,689 FUND PIMCO COLLECTIVE INVESTMENT IN TOTAL RETURN FUND 2,844 ADMIN SHARES FIDELITY INVESTMENTS COLLECTIVE INVESTMENT IN UTILITIES INCOME FUND 2,827 FIDELITY INVESTMENTS COLLECTIVE INVESTMENT IN SELECT FINANCIAL 2,231 SERVICES FUNDS BARON ASSET COLLECTIVE INVETSMENT IN BARON ASSET FUND 1,610 AMERICAN CENTURY COLLECTIVE INVESTMENT IN INTERNATIONAL GROWTH 1,501 INVESTOR FUND PIMCO COLLECTIVE INVESTMENT IN LOW DURATION FUND 1,163 MAS SMALL CAP COLLECTIVE INVESTMENT IN MAS SMALL CAP VALUE 1,148 FUND KEMPER-DREMEN COLLECTIVE INVESTMENT IN KEMPER -DREMEN HIGH 1,097 RETURN EQUITY A FUND PUTNAM COLLECTIVE INVESTMENT IN EUROPE GROWTH A FUND 1,062 PUTNAM COLLECTIVE INVESTMENT IN CAPITAL APPRECIATION A 952 FUND BERGER COLLECTIVE INVESTMENT IN SMALL CAP VALUE FUND 819 T. ROWE PRICE COLLECTIVE INVESTMENT IN VALUE FUND 758 FIDELITY INVESTMENTS COLLECTIVE INVESTMENT IN DIVERSIFIED 656 INTERNATIONAL FUND TEMPLETON COLLECTIVE INVESTMENT IN DEVELOPING MARKETS 668 FUND A INVESCO COLLECTIVE INVESTMENT IN TOTAL RETURN FUND 482 AMERICAN BALANCED COLLECTIVE INVESTMENT IN AMERICAN BALANCE FUND 452 PIMCO COLLECTIVE INVESTMENT IN CAPITAL APPRECIATION 421 ADMIN FUND PIMCO COLLECTIVE INVESTMENT IN LONG TERM US 418 GOVERNMENT BONDS T. ROWE PRICE COLLECTIVE INVESTMENT IN SMAL L CAP STOCK FUND 397 HOTCHKISS & WILY COLLECTIVE INVESTMENT IN INTERNATIONAL FUND 291 MAS VALUE ADVISOR COLLECTIVE INVESTMENT IN MEDIUM COMPANY STOCK 230 FUND FIDELITY INVESTMENTS COLLECTIVE INVESTMENT IN REAL ESTATE SPECIALTY 168 FUND * STATE STREET GLOBAL ADVISOR COLLECTIVE INVESTMENT IN SMALL CAP FUND 79 BRINSON GLOBAL COLLECTIVE INVESTMENT IN BALANCED PRE-MIXED FUND 34 PARTICIPANT LOANS LOANS WITH MATURITIES VARYING FROM ONE TO FOUR 75,503 YEARS (OR UP TO 15 YEARS IF FOR PURCHASE OF --------- PRIMARY RESIDENCE) AND INTEREST RATES OF 7 to 9.5%. TOTAL $2,039,254 ==========
* Party-in-interest Signatures ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. SOUTHERN CALIFORNIA EDISON COMPANY STOCK SAVINGS PLUS PLAN By: John H. Kelly ------------------------------------ John H. Kelly Chair, Benefits Committee EX-23 2 0002.txt CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation by reference in this registration statement of our report dated June 26, 2000 included in the Southern California Edison Company Stock Savings Plus Plan's Form 11-K for the year ended December 31, 1999 and to all references to our Firm included in this registration statement, into the Edison International's previously filed Registration Statements which follow: Registration Form File No. Effective Date ----------------- -------- -------------- Form S-8 333-35560 April 25, 2000 Form S-8 333-50443 April 17, 1998 Form S-3 333-08115 July 15, 1996 Form S-8 333-03913 May 16, 1996 Form S-8 33-44148 September 17, 1993 Form S-8 33-32302 June 2, 1993 Form S-8 33-46714 June 2, 1993 ARTHUR ANDERSEN LLP Los Angeles, California June 26, 2000 -----END PRIVACY-ENHANCED MESSAGE-----