-----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, JDjIQFgPU8itOcT37TuFCzapmPiOEjNbQNf+RvbxfBnkpRUT+wDTw3uyz45K2xgg h1M5KFMnBVzMj0eevWSkjw== 0000827052-95-000027.txt : 19951127 0000827052-95-000027.hdr.sgml : 19951127 ACCESSION NUMBER: 0000827052-95-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19951122 ITEM INFORMATION: Bankruptcy or receivership FILED AS OF DATE: 19951124 SROS: AMEX SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCECORP CENTRAL INDEX KEY: 0000827052 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 954137452 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09936 FILM NUMBER: 95596074 BUSINESS ADDRESS: STREET 1: 2244 WALNUT GROVE AVE STREET 2: P O BOX 800 CITY: ROSEMEAD STATE: CA ZIP: 91770 BUSINESS PHONE: 8183022222 8-K 1 SCECORP 8-K DATED 11/22/95 PAGE SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: November 22, 1995 Date of earliest event reported: November 21, 1995 SCEcorp (Exact name of registrant as specified in its charter) CALIFORNIA 1-9936 95-4137452 (State or other jurisdiction of(Commission (I.R.S. employer incorporation or organization) file number) identification no.) 2244 Walnut Grove Avenue (P.O. Box 800) Rosemead, California 91770 (Address of principal executive offices, including zip code) 818-302-2222 (Registrant's telephone number, including area code) PAGE Item 5. Other Events Alternate Proposed General Rate Case Decision On November 21, 1995, California Public Utilities Commission (CPUC) President Daniel Fessler issued an alternate proposed decision on Southern California Edison's (Edison) 1995 General Rate Case. The proposed decision would reduce operating revenues to Edison by approximately $120 million in 1996, including reduced operating and maintenance funds and a reduced rate of return on San Onofre, compared to the $67 million reduction specified in a settlement between Edison, San Diego Gas & Electric Company and the Division of Ratepayer Advocates reached in November 1994. The alternate order is a proposal and may be accepted, rejected or modified by the CPUC. Comments on the proposed decision are due by November 29 and a formal CPUC decision is currently anticipated on December 6. A copy of a press release issued by Edison on November 22 concerning the alternate proposed decision is filed herewith as Exhibit 20. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits Exhibit Number Description - ------- ----------- 20 News Release -- Edison Hits Alternate Proposed Decision for 1995 General Rate Case PAGE SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SCEcorp W. J. SCILACCI ---------------------------------- W. J. SCILACCI ASSISTANT TREASURER November 22, 1995 EX-20 2 PRESS RELEASE PAGE EXHIBIT 20 FOR IMMEDIATE RELEASE Contact: Tom Higgins (818) 302-2255 EDISON HITS ALTERNATE PROPOSED DECISION FOR 1995 GENERAL RATE CASE ROSEMEAD, Calif., Nov. 21, 1995 -- Southern California Edison today reacted strongly to an alternate proposed decision on its 1995 General Rate Case issued by California Public Utilities Commission (CPUC) President Daniel Fessler. The alternate proposed decision would substantially change, in a way adverse to Edison, a settlement negotiated with the CPUC's Division of Ratepayer Advocates (DRA) last November. "We made difficult and substantial concessions in our negotiations with the CPUC's consumer advocate staff," said Bryson. "We entered into negotiations with the strong encouragement of the CPUC, and reached the agreement only after weeks of intense negotiation. To take that proposed settlement now and selectively alter key elements, in each case against Edison's interests, undermines the basic principles upon which negotiated settlements depend." According to Edison, the proposed alternate decision also undermines basic tenets of the Memorandum of Understanding recently entered into by Edison, customer representatives and independent power producers. The MOU proposes a course for the restructuring of the electric utility industry, including the treatment of San Onofre, the nuclear facility operated by Edison. "In the coming days, we will make every effort to persuade the commission it should support the general rate case settlement previously negotiated," Bryson said. Compared to the settlement, the proposed alternate decision would reduce operating revenues to the company by approximately $120 million in 1996, including reduced operating and maintenance funds and a reduced rate of return on San Onofre. The alternate order is a proposal and may be accepted, rejected or modified by the commission. Comments on the proposed decision are due by Nov. 29, and a final CPUC decision is currently anticipated on Dec. 6. --SCE-- -----END PRIVACY-ENHANCED MESSAGE-----