8-K

UNITED STATES

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 (Date of earliest event reported): November 2, 2007

EDISON INTERNATIONAL

(Exact name of registrant as specified in its charter)

CALIFORNIA	001-9936	95-4137452
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

2244 Walnut Grove Avenue

(P.O. Box 800)

Rosemead, California 91770

(Address of principal executive offices, including zip code)

626-302-2222

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

This current report and its exhibit include forward-looking statements. Edison International based these forward-looking statements on its current expectations and projections about future events in light of its knowledge of facts as of the date of this current report and its assumptions about future circumstances. These forward-looking statements are subject to various risks and uncertainties that may be outside the control of Edison International. Edison International has no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events, or otherwise. This current report should be read with Edison International’s Annual Report on Form 10-K for the year ended December 31, 2006 and subsequent quarterly reports on Form 10-Q.

Item 2.02 Results of Operations and Financial Condition

On November 2, 2007, Edison International issued a press release reporting its financial results for the quarter ended September 30, 2007. A copy of the press release is attached as Exhibit 99.1. On the same day, members of Edison International’s management spoke to investors via a financial teleconference. The presentation attached as Exhibit 99.2 accompanied management’s comments on the financial teleconference. The information furnished in this Item 2.02 and Exhibits 99.1 and 99.2 shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

See the Exhibit Index below.

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 hereunto duly authorized.

EDISON INTERNATIONAL

                (Registrant)

/s/ Linda G. Sullivan

Linda G. Sullivan

Vice President and Controller

Date: November 2, 2007

EXHIBIT INDEX

Exhibit No.	Description
99.1	Edison International Press Release dated November 2, 2007
99.2	Edison International Third Quarter 2007 Financial Teleconference dated November 2, 2007

EX-99.1

Exhibit 99.1

News Release

FOR IMMEDIATE RELEASE

Media Relations: Charles Coleman, (626) 302-7982

www.edisonnews.com

Investor Relations: Scott Cunningham, (626) 302-2540

www.edisoninvestor.com

Edison International Reports 2007 Third Quarter Results

• Third quarter 2007 basic earnings per common share were $1.40, up 1% from the third quarter of 2006. Core earnings¹ grew 7% to $1.41 per share primarily due to solid operating results across our major businesses.

• Year-to-date basic earnings per common share were $2.69, down less than 1% from the prior period, while core earnings were $3.04 per share, up 25% from the prior year, driven by strong margins at Midwest Generation and Homer City, solid operating results at Southern California Edison Company (SCE), and lower net interest expense at Edison Mission Group (EMG). The change in non-core items more than offset the core increases.

• The company now expects earnings to be at the high end of its guidance range of $3.24 to $3.59 for core earnings per share and $2.90 to $3.25 for reported earnings per share.

Edison International Third Quarter Financial Highlights

	Quarter Ended September 30,				Change
(In millions, except per share data)	2007		2006		$		%
Basic earnings per common share	$	1.40	$	1.38	$	0.02	1	%
Core earnings per common share	$	1.41	$	1.32	$	0.09	7	%
Net income	$	461	$	458	$	3	1	%
Core earnings	$	465	$	436	$	29	7	%

THIRD QUARTER EARNINGS SUMMARY

ROSEMEAD, Calif., November 2, 2007 – Edison International (NYSE: EIX) today reported basic earnings per common share of $1.40 in the third quarter of 2007, compared to $1.38 basic earnings per common share in the same period last year. Excluding discontinued operations and other non-core items, third quarter core earnings per share were $1.41, up 7% over last year.

“Edison International continues to deliver strong financial results and advance its growth plans,” said John E. Bryson, chairman and CEO. “Our proposed five-year investment program at Southern California Edison is consistent with California energy policy goals. At EMG, capacity markets are demonstrating higher value for our generating fleet, and we continue to place new wind projects into construction. ”

¹ Core earnings is a non-GAAP financial measure; see reconciliation of core earnings to reported earnings and reconciliation of core earnings guidance to total earnings guidance below.

EDISON INTERNATIONAL REPORTS 2007 THIRD QUARTER FINANCIAL RESULTS

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THIRD QUARTER EARNINGS DETAIL

Earnings from Continuing Operations

SCE 2007 third quarter earnings from continuing operations were $0.80 per share compared to earnings of $0.81 per share in the same period last year. SCE’s 2006 third quarter results include a $0.07 per share non-core benefit from a generator settlement. Excluding this item, SCE’s core earnings increased by $0.06 per share. This increase was primarily related to higher net revenue associated with the 2006 general rate case. Due to higher kWh sales from warmer weather during the summer months and the company’s rate design, electric utility revenue during the third quarter of each year is generally higher than other quarters.

EMG 2007 third quarter earnings from continuing operations and core earnings were $0.64 per share compared to $0.62 per share in the same period last year. The improvement was primarily due to lower net interest expense from debt repayment and higher energy margins, partially offset by higher development and corporate costs.

Loss from Discontinued Operations

Edison International’s losses from discontinued operations were $0.01 per share in each period, and were related to EMG’s former international projects.

	Quarter Ended September 30,
Earnings (Loss) Per Common Share (Unaudited)	2007			2006			Change
Southern California Edison Company	$	0.80		$	0.81		$	(0.01	)
Edison Mission Group		0.64			0.62			0.02
EIX parent company and other		(0.03	)		(0.04	)		0.01
EIX basic earnings per common share from continuing operations		1.41			1.39			0.02
Loss from discontinued operations		(0.01	)		(0.01	)		—
EIX basic earnings per common share	$	1.40		$	1.38		$	0.02
EIX diluted earnings per common share	$	1.39		$	1.38		$	0.01
	Quarter Ended September 30,
Earnings (Loss) (in millions) (Unaudited)	2007			2006			Change
Southern California Edison Company	$	262		$	263		$	(1	)
Edison Mission Group		207			204			3
EIX parent company and other		(4	)		(7	)		3
EIX income from continuing operations		465			460			5
Loss from discontinued operations		(4	)		(2	)		(2	)
EIX net income	$	461		$	458		$	3

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EDISON INTERNATIONAL REPORTS 2007 THIRD QUARTER FINANCIAL RESULTS

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Third Quarter Reconciliation of Core Earnings to Reported Earnings

	Quarter Ended September 30,
Core Earnings1 (Loss) Per Common Share (Unaudited)	2007			2006			Change
Southern California Edison Company	$	0.80		$	0.74		$	0.06
Edison Mission Group		0.64			0.62			0.02
EIX parent company and other		(0.03	)		(0.04	)		0.01
EIX core earnings per share		1.41			1.32			0.09
Non-core items
SCE – generator settlement		—			0.07			(0.07	)
EMG – loss from discontinued operations		(0.01	)		(0.01	)		—
Total non-core items		(0.01	)		0.06			(0.07	)
EIX basic earnings per common share	$	1.40		$	1.38		$	0.02
	Quarter Ended September 30,
Core Earnings1 (Loss) (in millions) (Unaudited)	2007			2006			Change
Southern California Edison Company	$	262		$	239		$	23
Edison Mission Group		207			204			3
EIX parent company and other		(4	)		(7	)		3
EIX core earnings		465			436			29
Non-core items
SCE – generator settlement		—			24			(24	)
EMG – loss from discontinued operations		(4	)		(2	)		(2	)
Total non-core items		(4	)		22			(26	)
Total EIX net income	$	461		$	458		$	3

¹ See Use of Non-GAAP Financial Measures on page 7. The impact of participating securities is included in EIX parent company earnings (loss) and was $(0.02) and $(0.03) per share for the quarter ended September 30, 2007 and 2006, respectively.

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YEAR-TO-DATE EARNINGS SUMMARY

Edison International Year-to-Date Financial Highlights

	Year-to-Date September 30,				Change
(In millions, except per share data)	2007		2006		$			%
Basic earnings per common share	$	2.69	$	2.71	$	(0.02	)	(1	%)
Core earnings per common share	$	3.04	$	2.43	$	0.61		25	%
Net income	$	887	$	893	$	(6	)	(1	%)
Core earnings	$	1,003	$	800	$	203		25	%

Edison International recorded earnings of $2.69 per basic share for the nine-month period ending September 30, 2007, down less than 1% from the same period last year. Earnings from continuing operations of $2.69 per basic share compared to $2.48 per share for the prior period. Excluding earnings from discontinued operations and other non-core items, Edison International’s core earnings for the nine-month period were $3.04 per share, up 25% compared to $2.43 per share in the same period in 2006.

YEAR-TO-DATE EARNINGS DETAIL

Earnings from Continuing Operations

SCE’s earnings from continuing operations in the first nine months of 2007 were $1.80 per share compared to $1.90 per share a year ago. SCE’s 2007 results include a non-core tax benefit of $0.10 per share primarily reflecting progress on an appeal with the Internal Revenue Service related to the income tax treatment of certain costs associated with environmental remediation. SCE’s 2006 results include a non-core benefit of $0.25 per share related to resolution of an issue related to state income taxes and a generator settlement of $0.07 per share. Excluding non-core items, SCE’s core earnings were $1.70 per share, compared to $1.58 per share, in the same period last year. The increase is mainly due to higher net revenue associated with the 2006 general rate case decision and lower income taxes.

EMG’s earnings from continuing operations for the first nine months of 2007 were $0.96 per share versus $0.68 per share in the same period last year. Both 2007 and 2006 results were impacted by non-core charges of $0.45 and $0.27 per share respectively, primarily associated with early debt extinguishment. Excluding non-core items, EMG’s core earnings were $1.41 per share compared to $0.95 per share last year. This increase primarily reflects higher energy margins at Midwest Generation and Homer City, higher project income, and higher contribution from Edison Capital, partially offset by higher development and corporate costs.

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Earnings from Discontinued Operations

Edison International’s earnings per share from discontinued operations were immaterial for the nine-month period ending September 30, 2007 and $0.23 for the same period last year, with earnings resulting primarily from distributions from EMG’s Lakeland project in administrative receivership in the United Kingdom.

	Year-to-Date September 30,
Earnings (Loss) Per Common Share (Unaudited)	2007			2006			Change
Southern California Edison Company	$	1.80		$	1.90		$	(0.10	)
Edison Mission Group		0.96			0.68			0.28
EIX parent company and other		(0.07	)		(0.10	)		0.03
EIX basic earnings per common share from continuing operations		2.69			2.48			0.21
Earnings from discontinued operations		—			0.23			(0.23	)
EIX basic earnings per common share	$	2.69		$	2.71		$	(0.02	)
EIX diluted earnings per common share	$	2.67		$	2.71		$	(0.04	)
	Year-to-Date September 30,
Earnings (Loss) (in millions) (Unaudited)	2007			2006			Change
Southern California Edison Company	$	587		$	618		$	(31	)
Edison Mission Group		313			221			92
EIX parent company and other		(14	)		(22	)		8
EIX income from continuing operations		886			817			69
Income from discontinued operations		1			75			(74	)
Cumulative effect of accounting change – net of tax		—			1			(1	)
EIX net income	$	887		$	893		$	(6	)

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Year-to-Date Reconciliation of Core Earnings to Reported Earnings

	Year-to-date September 30,
Core Earnings1 (Loss) Per Common Share (Unaudited)	2007			2006			Change
Southern California Edison Company	$	1.70		$	1.58		$	0.12
Edison Mission Group		1.41			0.95			0.46
EIX parent company and other		(0.07	)		(0.10	)		0.03
EIX core earnings per share		3.04			2.43			0.61
Non-core items
SCE – regulatory/tax items		0.10			0.25			(0.15	)
SCE – generator settlement		—			0.07			(0.07	)
EMG – early debt retirement		(0.45	)		(0.27	)		(0.18	)
EMG – earnings from discontinued operations		—			0.23			(0.23	)
Total non-core items		(0.35	)		0.28			(0.63	)
EIX basic earnings per common share	$	2.69		$	2.71		$	(0.02	)
	Year-to-date September 30,
Core Earnings1 (Loss) (in millions) (Unaudited)	2007			2006			Change
Southern California Edison Company	$	556		$	513		$	43
Edison Mission Group		461			309			152
EIX parent company and other		(14	)		(22	)		8
EIX core earnings		1,003			800			203
Non-core items
SCE – regulatory/tax items		31			81			(50	)
SCE – generator settlement		—			24			(24	)
EMG – early debt retirement		(148	)		(88	)		(60	)
EMG – income from discontinued operations		1			75			(74	)
Total non-core items		(116	)		92			(208	)
Cumulative effect of accounting change – net of tax		—			1			(1	)
Total EIX net income	$	887		$	893		$	(6	)

¹ See Use of Non-GAAP Financial Measures on page 7. The impact of participating securities is included in EIX parent company earnings (loss) and was $(0.03) per share for year-to-date September 30, 2007 and 2006.

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Reconciliation of Core Earnings Guidance to Total Earnings Guidance

Core EPS1	2007 Guidance
Southern California Edison Company	$1.97 – 2.07
Edison Mission Group	1.40 – 1.65
EIX parent company and other	(0.13)
EIX core earnings per share	$3.24 – 3.59
Non-Core Items2
Southern California Edison Company	0.10
Edison Mission Group	(0.44)
Total Non-Core Items	(0.34)
EIX basic earnings per common share	$2.90 – 3.25

¹ The impact of participating securities is included in EIX parent company earnings (loss) and is ($0.04) per share.

² 2007 non-core items reflect refinancing costs of $(0.45) and $0.01 per share from discontinued operations for EMG, and a tax benefit of $0.10 per share for SCE.

Use of Non-GAAP Financial Measures

Edison International’s earnings are prepared in accordance with generally accepted accounting principles used in the United States and represent the company’s earnings as reported to the Securities and Exchange Commission. Our management uses core earnings and EPS by principal operating subsidiary internally for financial planning and for analysis of performance. We also use core earnings and EPS by principal operating subsidiary as primary performance measurements when communicating with analysts and investors regarding our earnings results and outlook, as it allows us to more accurately compare the company’s ongoing performance across periods. Core earnings exclude discontinued operations and other non-core items and are reconciled to basic earnings per common share.

EPS by principal operating subsidiary is based on the principal operating subsidiary net income and Edison International’s weighted average outstanding common shares. The impact of participating securities (vested stock options that earn dividend equivalents that may participate in undistributed earnings with common stock) for each principal operating subsidiary is not material to each principal operating subsidiary’s EPS and is therefore reflected in the results of the Edison International holding company, which we refer to as EIX parent company. EPS and core EPS by principal operating subsidiary are reconciled to basic earnings per common share.

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Reminder: Edison International Will Hold a Conference Call Today

Today, Edison International will hold a conference call to discuss its third quarter 2007 financial results at 8 a.m. (Pacific Time). Although two-way participation in the telephone call is limited to financial analysts and investors, all other interested parties are invited to participate in a “listen-only mode” by phone or through a simultaneous webcast at www.edisoninvestor.com. A presentation accompanying management’s comments on the conference call will be available on the web site as well at www.edisoninvestor.com. The domestic call-in number is (800) 356-8584 and the ID# is 11400. In addition to the live simulcast, the webcast will remain posted at www.edisoninvestor.com and telephone replays will be available through Friday, November 9, 2007, at the following numbers: (877) 693-4277 – for callers in the U.S.; and (402) 220-0042 – for international callers. The ID# is 11401.

Risk Disclosure Statement

Statements contained in this presentation about future performance, including, without limitation, earnings, asset and rate base growth, load growth, capital investments, and other statements that are not purely historical, are forward-looking statements. These forward-looking statements reflect our current expectations; however, such statements involve risks and uncertainties. Actual results could differ materially from current expectations. Important factors that could cause different results are discussed under the headings “Risk Factors” and “Management’s Discussion and Analysis” in Edison International’s 2006 Form 10-K and subsequent reports filed with the Securities and Exchange Commission and are available on our website: www.edisoninvestor.com. These forward-looking statements represent our expectations only as of the date of this presentation, and Edison International assumes no duty to update them to reflect new information, events or circumstances.

# # #

Edison International, through its subsidiaries, is a generator and distributor of electric power and an investor in infrastructure and energy assets, including renewable energy. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison, the largest electric utility in California, and Edison Mission Group, a competitive power generation business and parent company to Edison Mission Energy and Edison Capital.

EDISON INTERNATIONAL REPORTS 2007 THIRD QUARTER FINANCIAL RESULTS

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Edison International

Consolidated Statements of Income

	Three Months Ended September 30,						Nine Months Ended September 30,
In millions, except per-share amounts	2007			2006			2007			2006
	(Unaudited)
Electric utility	$	3,213		$	3,079		$	7,895		$	7,818
Nonutility power generation		711			704			1,952			1,674
Financial services and other		18			19			55			63
Total operating revenue		3,942			3,802			9,902			9,555
Fuel		502			486			1,425			1,326
Purchased power		1,284			1,036			2,431			2,819
Provisions for regulatory adjustment clauses – net		(66	)		115			189			(256	)
Other operation and maintenance		1,013			909			2,893			2,727
Depreciation, decommissioning and amortization		310			293			937			924
Net loss (gain) on sale of utility property and plant		1			—			—			(1	)
Total operating expenses		3,044			2,839			7,875			7,539
Operating income		898			963			2,027			2,016
Interest and dividend income		40			41			125			120
Equity in income from partnerships and unconsolidated subsidiaries – net		35			39			72			53
Other nonoperating income		35			16			75			91
Interest expense – net of amounts capitalized		(191	)		(199	)		(577	)		(608	)
Loss on early extinguishment of debt		—			—			(241	)		(143	)
Other nonoperating deductions		(7	)		(13	)		(31	)		(35	)
Income from continuing operations before tax and minority interest		810			847			1,450			1,494
Income tax expense		263			310			392			516
Dividends on preferred and preference stock of utility not subject to mandatory redemption		13			13			38			38
Minority interest		69			64			134			123
Income from continuing operations		465			460			886			817
Income (loss) from discontinued operations – net of tax		(4	)		(2	)		1			75
Income before accounting change		461			458			887			892
Cumulative effect of accounting change – net of tax		—			—			—			1
Net income	$	461		$	458		$	887		$	893
Weighted-average shares of common stock outstanding		326			326			326			326
Basic earnings (loss) per common share:
Continuing operations	$	1.41		$	1.39		$	2.69		$	2.48
Discontinued operations		(0.01	)		(0.01	)		—			0.23
Total	$	1.40		$	1.38		$	2.69		$	2.71
Weighted-average shares, including effect of dilutive securities		330			330			331			331
Diluted earnings (loss) per common share:
Continuing operations	$	1.40		$	1.39		$	2.67		$	2.48
Discontinued operations		(0.01	)		(0.01	)		—			0.23
Total	$	1.39		$	1.38		$	2.67		$	2.71
Dividends declared per common share	$	0.29		$	0.27		$	0.87		$	0.81

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Edison International

Consolidated Balance Sheets

In millions	September 30, 2007			December 31, 2006
	(Unaudited)
ASSETS
Cash and equivalents	$	1,458		$	1,795
Restricted cash		60			59
Margin and collateral deposits		137			124
Receivables, less allowances of $30 and $29 for uncollectible accounts at respective dates		1,282			1,014
Accrued unbilled revenue		506			303
Fuel inventory		119			122
Materials and supplies		307			270
Accumulated deferred income taxes – net		240			203
Derivative assets		201			328
Regulatory assets		295			554
Short-term investments		352			558
Other current assets		206			152
Total current assets		5,163			5,482
Nonutility property – less accumulated provision for depreciation of $1,706 and $1,627 at respective dates		4,703			4,356
Nuclear decommissioning trusts		3,398			3,184
Investments in partnerships and unconsolidated subsidiaries		293			308
Investments in leveraged leases		2,514			2,495
Other investments		112			91
Total investments and other assets		11,020			10,434
Utility plant, at original cost:
Transmission and distribution		18,492			17,606
Generation		1,681			1,465
Accumulated provision for depreciation		(5,050	)		(4,821	)
Construction work in progress		1,584			1,486
Nuclear fuel, at amortized cost		224			177
Total utility plant		16,931			15,913
Regulatory assets		2,825			2,818
Restricted cash		58			91
Margin and collateral deposits		19			4
Derivative assets		129			131
Rent payments in excess of levelized rent expense under plant operating leases		717			556
Other long-term assets		958			832
Total long-term assets		4,706			4,432
Total assets	$	37,820		$	36,261

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Edison International

Consolidated Balance Sheets

In millions, except share amounts	September 30, 2007			December 31, 2006
	(Unaudited)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Long-term debt due within one year	$	236		$	488
Accounts payable		850			926
Accrued taxes		313			155
Accrued interest		204			196
Counterparty collateral		42			36
Customer deposits		217			198
Book overdrafts		254			140
Derivative liabilities		200			181
Regulatory liabilities		1,316			1,000
Other current liabilities		986			983
Total current liabilities		4,618			4,303
Long-term debt		9,056			9,101
Accumulated deferred income taxes – net		5,291			5,297
Accumulated deferred investment tax credits		117			122
Customer advances		158			160
Derivative liabilities		86			86
Power-purchase contracts		25			32
Accumulated provision for pensions and benefits		1,164			1,099
Asset retirement obligations		2,831			2,759
Regulatory liabilities		3,315			3,140
Other deferred credits and other long-term liabilities		1,546			1,267
Total deferred credits and other liabilities		14,533			13,962
Total liabilities		28,207			27,366
Minority interest		309			271
Preferred and preference stock of utility not subject to mandatory redemption		915			915
Common stock, no par value (325,811,206 shares outstanding at each date)		2,116			2,080
Accumulated other comprehensive income (loss)		(33	)		78
Retained earnings		6,306			5,551
Total common shareholders’ equity		8,389			7,709
Total liabilities and shareholders’ equity	$	37,820		$	36,261

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Edison International

Consolidated Statements of Cash Flows

	Nine Months Ended September 30,
In millions	2007			2006
	(Unaudited)
Cash flows from operating activities:
Net income	$	887		$	893
Less: income from discontinued operations – net of tax		1			75
Income from continuing operations		886			818
Adjustments to reconcile to net cash provided by operating activities:
Cumulative effect of accounting change – net of tax		—			(1	)
Depreciation, decommissioning and amortization		937			924
Realized loss on nuclear decommissioning trusts		42			—
Other amortization		94			71
Minority interest		134			123
Deferred income taxes and investment tax credits		(83	)		(154	)
Equity in income from partnerships and unconsolidated subsidiaries		(72	)		(53	)
Income from leveraged leases		(46	)		(52	)
Levelized rent expense		(161	)		(160	)
Loss on early extinguishment of debt		241			143
Regulatory assets – long-term		53			117
Regulatory liabilities – long-term		(4	)		(151	)
Derivative assets – long-term		8			(73	)
Derivative liabilities – long-term		(40	)		139
Other assets		(25	)		(90	)
Other liabilities		276			5
Margin and collateral deposits – net of collateral received		(20	)		462
Receivables and accrued unbilled revenue		(467	)		(286	)
Derivative assets – short-term		72			204
Derivative liabilities – short-term		(80	)		5
Inventory and other current assets		(56	)		(63	)
Regulatory assets – short-term		259			(20	)
Regulatory liabilities – short-term		316			606
Accrued interest and taxes		366			562
Accounts payable and other current liabilities		(77	)		(235	)
Distributions and dividends from unconsolidated entities		43			19
Operating cash flows from discontinued operations		1			82
Net cash provided by operating activities		2,597			2,942
Cash flows from financing activities:
Long-term debt issued		2,930			1,877
Premium paid on extinguishment of debt and issuance costs		(240	)		(145	)
Long-term debt repaid		(3,061	)		(1,954	)
Issuance of preference stock		—			196
Rate reduction notes repaid		(178	)		(177	)
Change in book overdrafts		131			(31	)
Shares purchased for stock-based compensation		(192	)		(124	)
Proceeds from stock option exercises		77			45
Excess tax benefits related to stock option exercises		39			18
Dividends to minority shareholders		(76	)		(114	)
Dividends paid		(283	)		(264	)
Net cash used by financing activities	$	(853	)	$	(673	)

EDISON INTERNATIONAL REPORTS 2007 THIRD QUARTER FINANCIAL RESULTS

Page 13 of 13

Edison International

Consolidated Statements of Cash Flows

	Nine Months Ended September 30,
In millions	2007			2006
	(Unaudited)
Cash flows from investing activities:
Capital expenditures	$	(1,979	)	$	(1,757	)
Purchase of interest of acquired companies		(28	)		(18	)
Proceeds from sale of property and interests in projects		—			43
Proceeds from nuclear decommissioning trust sales		2,866			2,145
Purchases of nuclear decommissioning trust investments		(2,967	)		(2,253	)
Proceeds from partnerships and unconsolidated subsidiaries, net of investment		17			53
Maturities and sales of short-term investments		7,380			4,608
Purchase of short-term investments		(7,174	)		(4,764	)
Restricted cash		36			(10	)
Customer advances for construction and other investments		(232	)		(5	)
Net cash used by investing activities		(2,081	)		(1,958	)
Net Increase (decrease) in cash and equivalents		(337	)		311
Cash and equivalents, beginning of period		1,795			1,893
Cash and equivalents, end of period	$	1,458		$	2,204

EX-99.2

Third Quarter 2007 Financial Teleconference

November 2, 2007

EDISON INTERNATIONAL®

Forward-Looking Statements

Statements contained in this presentation about future performance, including, without limitation, earnings, asset and rate base growth, load growth, capital investments, and other statements that are not purely historical, are forward-looking statements. These forward-looking statements reflect our current expectations; however, such statements involve risks and uncertainties. Actual results could differ materially from current expectations. Important factors that could cause different results are discussed under the headings “Risk Factors” and “Management’s Discussion and Analysis” in Edison International’s 2006 Form 10-K and subsequent reports filed with the Securities and Exchange Commission and available on our website: www.edisoninvestor.com. These forward-looking statements represent our expectations only as of the date of this presentation, and Edison International assumes no duty to update them to reflect new information, events or circumstances.

1

EDISON INTERNATIONAL®

Third Quarter Earnings Summary

GAAP

Net Income

($ millions) $461 $458

Basic EPS

$1.40 $1.38

3Q 07 3Q 06

3Q 07 3Q 06

Core1

Net Income

($ millions)

EPS

$465 $436 $1.41 $1.32

3Q 07 3Q 06

3Q 07 3Q 06

1 See slide 3 for reconciliation of core earnings to reported earnings. Core earnings is defined as GAAP earnings less income from discontinued operations, cumulative effect of accounting changes, and other non-core items.

2

EDISON INTERNATIONAL®

Third Quarter Financial Results

Reconciliation of Core Earnings to Reported Earnings

Core Earnings 3Q 07 3Q 06 Var.

SCE $ 0.80 $ 0.74 $ 0.06

EMG 0.64 0.62 0.02

EIX Holding Co.(0.03)(0.04) 0.01

Core EPS1 $ 1.41 $ 1.32 $ 0.09

Non-Core Items

SCE $ – $ 0.07 $ (0.07)

EMG(0.01)(0.01) –

Total Non-Core(0.01) 0.06(0.07)

Basic EPS $ 1.40 $ 1.38 $ 0.02

Diluted EPS $ 1.39 $ 1.38 $ 0.01

Core Earnings Variances

SCE

Primarily due to higher net revenue associated with the 2006 GRC decision 0.06

EMG

Midwest Generation

Primarily due to lower interest expense from debt repayment in 2Q 07 and higher realized energy margin, partially offset by SFAS #133 impact 0.09

Homer City

No change in income 3Q 07 vs. 3Q 06 mainly due to higher realized energy margin offset by SFAS #133 impact –

Income from Other Projects

Primarily from higher income from wind projects 0.03

Corporate Expense and Other Items

Primarily higher development costs and other corporate expenses -0.07

Edison Capital

Lower results from leases and infrastructure fund investments -0.03

Non-Core Variances

SCE Benefit related to generator settlement -0.07

EMG Discontinued operations –

1 See use of Non-GAAP Financial Measures in appendix. The impact of participating securities is included in EIX parent company earnings (loss) and was $(0.02) and $(0.03) per share for the quarter ended September 30, 2007 and 2006, respectively.

3

EDISON INTERNATIONAL®

EDISON INTERNATIONAL®

Year-to-Date Earnings Summary

GAAP

Net Income

($ millions) $887 $893

YTD 07 YTD 06

Basic EPS

$2.69 $2.71

YTD 07 YTD 06

Core1

Net Income

($ millions) $1,003 $800

YTD 07 YTD 06

EPS

$3.04 $2.43

YTD 07 YTD 06

1 See slide 5 for reconciliation of core earnings to reported earnings. Core earnings is defined as GAAP earnings less income from discontinued operations, cumulative effect of accounting changes, and other non-core items.

4

Year-to-Date Financial Results

Reconciliation of Core Earnings to Reported Earnings

Core Earnings YTD 07 YTD 06 Var.

SCE $ 1.70 $ 1.58 $ 0.12

EMG 1.41 0.95 0.46

EIX Holding Co.(0.07)(0.10) 0.03

Core EPS1 $ 3.04 $ 2.43 $ 0.61

Non-Core Items

SCE $ 0.10 $ 0.32 $ (0.22)

EMG(0.45)(0.04)(0.41)

Total Non-Core(0.35) 0.28(0.63)

Basic EPS $ 2.69 $ 2.71 $ (0.02)

Diluted EPS $ 2.67 $ 2.71 $ (0.04)

Core Earnings Variances

SCE

Primarily due to higher net revenue associated with the 2006 GRC decision and lower income taxes 0.12

EMG

Midwest Generation

Mainly higher realized energy margin (driven by higher generation and higher average realized prices) partially offset by SFAS #133 impact, and lower interest expense 0.34

Homer City

Primarily higher realized energy margin (driven by higher generation and higher average realized energy prices), which includes higher capacity revenue resulting from the PJM RPM auction, partially offset by SFAS #133 impact 0.12

Income from Other Projects

Higher income from wind and gas-fired projects 0.08

Edison Capital

Gains on global infrastructure fund investments and higher interest income

0.04

Corporate Expense and Other Items

Higher development costs and other corporate expenses and higher net interest/other expense (Mirant income and gain on sale of 25% interest in San Juan Mesa recorded in 06) -0.12

Non-Core Variances

SCE YTD 07: $ 0.10 reflects progress made with the IRS related to the income tax treatment of certain environmental remediation costs; YTD 06: $ 0.25 relates to the resolution of an outstanding issue involving a portion of revenue collected during 2001—2003 related to state income taxes and $0.07 reflects generator settlement. -0.22

EMG YTD 07 and YTD 06 include ($0.45) and ($0.27) per share for early debt extinguishment charges; $0.01 and $ 0.26 per share from proceeds from discontinued operations related to Lakeland; and ( $0.01) and ($0.03) per share from other discontinued operations, respectively. -0.41

1 See use of Non-GAAP Financial Measures in appendix. The impact of participating securities is included in EIX parent company earnings (loss) and was $(0.03) per share for year-to-date September 30, 2007 and 2006.

5

EDISON INTERNATIONAL®

Midwest Generation – Operating Performance

YTD 07 vs. YTD 06

Generation up about 9.5%

Capacity and Load Factors increased on higher off-peak sales

Forced Outage Rate was higher due to unplanned boiler tube leaks and coal-related equipment failures

YTD YTD

Operating Statistics 07 06

Total Generation (GWh) 23,169 21,167

Equivalent Availability 78.7 % 80.9 %

Capacity Factor 63.0 % 57.6 %

Load Factor 80.1 % 71.2 %

Forced Outage Rate 7.0 % 5.7 %

1 Includes the price of energy, capacity, ancillary services, etc.

2 Average realized gross margin is equal to all-in average realized prices less average fuel and emission costs.

All-in average realized price increased by about 9.9% per MWh YTD compared to the same period last year

All-in Average Realized Prices1 $/MWh $60 $40 $20 $0

3Q 07 3Q 06 YTD 07 YTD 06 $54.17 $51.03 $53.30 $48.52 $40.29 $36.91 $39.90 $34.99 $13.88 $14.12 $13.40 $13.53

Average realized gross margin ($/MWh)2 Average fuel and emission costs ($/MWh)

6

EDISON INTERNATIONAL®

Homer City – Operating Performance

YTD 07 vs. YTD 06

Generation up about 12.8%

2006 Availability and Forced Outage Rates impacted by the Unit 3 transformer failure

YTD YTD

Operating Statistics 07 06

Total Generation (GWh) 10,211 9,052

Equivalent Availability 89.0 % 79.4 %

Capacity Factor 82.6 % 73.2 %

Load Factor 92.8 % 92.1 %

Forced Outage Rate 3.7 % 16.9 %

1 Includes the price of energy, capacity, ancillary services, etc.

2 Average realized gross margin is equal to all-in average realized prices less average fuel and emission costs.

All-in average realized price increased by over 14.3% per MWh YTD compared to the same period last year

All-in average Realized Prices1 $/MWh $60 $40 $20 $0

3Q 07 3Q 06 YTD 07 YTD 06 $22.48 $22.92 $22.00 $23.58 $53.60 $49.19 $56.48 $49.40 $31.12 $26.27 $34.48 $25.82

Average realized gross margin ($/MWh)2 Average fuel and emission costs ($/MWh)

7

EDISON INTERNATIONAL®

EMG Hedge Program Status

Status at September 30, 2007 Remainder of 2007 2008 2009 2010

Midwest Generation

Energy Only Contracts

Megawatt hours (in GWh) 4,132 10,838 7,487 3,472

Average Price ($/MWh) $ 48.18 $ 61.36 $ 62.28 $ 62.62

Load Requirement Services Contracts

Estimated GWh1 1,862 5,613 1,632 –

Average price ($/MWh) 2 $ 63.63 $ 64.01 $ 63.65 –

Total estimated GWh hedged 5,994 16,451 9,119 3,472

Coal under contract (in millions of tons) 5.0 14.6 11.7 11.7

Homer City

Total estimated GWh hedged 1,912 7,232 3,890 1,022

Average price ($ /MWh) $ 64.29 $ 60.87 $ 74.88 $ 77.80

Coal under contract (in millions of tons) 1.4 4.4 3.5 0.2

1 The amount of power sold is a portion of the retail load of the purchasing utility and can vary significantly with variations in that retail load. Retail load depends upon a number of factors, including the time of day and year, and the utility’s number of new and continuing customers. Estimated MWh have been forecast based on historical patterns and on assumptions regarding the factors that may affect retail loads in the future. The actual load will vary from that used for the above estimate, and the amount of variation may be material.

2 The average price per MWh, which is subject to a seasonal price adjustment, represents the sale of a bundled product that includes, but is not limited to, energy, capacity and ancillary services. Also, Midwest Generation will incur charges from PJM as a load-serving entity. Thus, the average price per MWh is not comparable to the sale of power under an energy only contract. The average price per MWh represents the sale of the bundled product based on an estimated customer load profile.

8

EDISON INTERNATIONAL®

EMG Capacity Sales

Status at September 30, 2007 October 1, 2007—May 31, 2008 June 1, 2008—May 31, 2009 June 1, 2009—May 31, 2010

Megawatts except price per MW-day Midwest Generation Homer City Midwest Generation Homer City Midwest Generation Homer City 3

INSTALLED CAPACITY 5,918 1,884 5,918 1,884 5,918 1,884

Less: Net capacity held due to load requirements services contracts,1 and retained for outages(2,822)(213)(1,755)(173)(589)(214)

NET CAPACITY AVAILABLE FOR SALE 3,096 1,671 4,163 1,711 5,329 1,670

Fixed Price Capacity Sales

· RPM Auction Process

—Net Capacity Sold 2,596 786 3,283 820 4,614 1,670

- Price per MW-day $ 40.80 $ 40.80 $ 111.92 $ 111.92 $ 102.04 $ 191.32

· Non-unit Specific Capacity Sales

—Net Capacity Sold 500 — 880 — 715 —

- Price per MW-day (Net) $ 21.31 $ — $ 64.35 — $ 71.46 —

Variable Capacity Sales

· Third Party Transaction

—Capacity — 885 — 891 — —

- Expected price per MW-day 2 $ — $ 66.72 $ — $ 72.11 — —

TOTAL CAPACITY SOLD 3,096 1,671 4,163 1,711 5,329 1,670

AVERAGE PRICE PER MW-DAY $ 37.65 $ 54.53 $ 101.86 $ 91.19 $ 97.94 $ 191.32

1 Load requirements services contracts include energy, capacity and ancillary services.

2 Actual contract price for Homer City sale is a function of NYISO capacity auction clearing prices. Capacity price per MW-day is based on forward over-the-counter NYISO prices on September 28, 2007.

3 Homer City was segregated out of the “rest of market” location in PJM into MAAC + APS.

9

EDISON INTERNATIONAL®

Earnings Guidance

Reconciliation of Core Earnings Guidance to Total Earnings Guidance

2007 Guidance

reaffirmed as

Core EPS1 of 11/02/07

Southern California Edison $ 1.97—$ 2.07

Edison Mission Group 1.40—1.65

EIX parent company and other(0.13)

EIX core earnings per share $ 3.24—$ 3.59

Non-Core Items2

Southern California Edison 0.10

Edison Mission Group(0.44)

Total Non-Core Items(0.34)

EIX basic earnings per common share $ 2.90—$ 3.25

1 See use of Non-GAAP Financial Measures in appendix. The impact of participating securities is included in EIX parent company earnings (loss) and is ($0.04).

2 2007 non-core items reflect refinancing costs of $(0.45) and $0.01 per share from discontinued operations for EMG, and a tax benefit of $0.10 per share for SCE.

10

EDISON INTERNATIONAL®

Appendix

11

EDISON INTERNATIONAL®

EMG Comparative Operating Statistics

3Q 07 3Q 06 Var.% YTD 07 YTD 06 Var.%

Midwest Generation

Generation (in GWh)

Energy Only contracts 6,298 8,429 17,441 21,167

Load Requirement Services Contracts 2,115 — 5,728 —

Total 8,413 8,429(16) — 23,169 21,167 2,002 9%

Performance

Equivalent Availability Rate (EAF) 86.60 % 89.6 %(3.0) % 78.7 % 80.9 %(2.2) %

Forced Outage Rate (EFOR) 8.60 % 7.0 % 1.6 % 7.0 % 5.7 % 1.3 %

Pricing Information

Average Realized Energy Price ($/MWh)

Energy Only Contracts $ 48.15 $ 50.06 $ (1.91) -4% $ 48.73 $ 47.53 $ 1.20 3%

Load Requirement Services Contracts $ 65.27 $ — $ $ 63.34 $ — $

Average Cost of Fuel ($/MWh) $ 13.88 $ 14.12 $ (0.24) -2% $ 13.40 $ 13.53 $ (0.13) —

Flat Energy Price—Nihub ($/MWh) $ 47.02 $ 46.15 $ 0.87 2% $ 45.40 $ 42.64 $ 2.76 6%

Homer City

Generation (in Gwh) 3,759 3,664 95 3% 10,211 9,052 1,159 13%

Performance

Equivalent Availability Rate (EAF) 96.5 % 91.9 % 4.6 % 89.0 % 79.4 % 9.6 %

Forced Outage Rate (EFOR) 3.5 % 5.8 %(2.3) % 3.7 % 16.9 %(13.2) %

Pricing Information

Average Realized Energy Price ($/MWh) $ 51.48 $ 48.04 $ 3.44 7% $ 54.42 $ 48.26 $ 6.16 13%

Average Cost of Fuel ($/MWh) $ 22.48 $ 22.92 $ (0.44) -2% $ 22.00 $ 23.58 $ (1.58) -7%

Flat Energy Price—PJM West Hub ($/MWh) $ 63.34 $ 58.15 $ 5.19 9% $ 60.27 $ 54.22 $ 6.05 11%

Flat Energy Price—HC Busbar ($/MWh) $ 50.86 $ 48.51 $ 2.35 5% $ 50.95 $ 47.67 $ 3.28 7%

Flat Energy Price—Basis $ 12.48 $ 9.64 $ 2.84 $ 9.32 $ 6.55 $ 2.77

(PJM West Hub—HC Busbar)

12

EDISON INTERNATIONAL®

EMG Wind Projects and Pipeline

Nebraska

Pipeline 80 MW

Wyoming

Construction 141 MW

Nevada

Pipeline 315 MW

Utah

Pipeline 89 MW

New Mexico

In-Service 90 MW Pipeline 160 MW

Oklahoma

Construction 95 MW Pipeline 300 MW

Iowa

In-Service 145 MW Pipeline 200 MW

Minnesota

In-Service 75 MW Construction 70 MW Pipeline 169 MW

Illinois

Pipeline 420 MW

Wisconsin

Pipeline 100 MW

Maine

Pipeline 54 MW

Pennsylvania

Construction 67 MW Pipeline 60 MW

New York

Pipeline 130 MW

Maryland

Pipeline 80 MW

West Virginia

Pipeline 345 MW

Texas

In-Service 161 MW Construction 150 MW Pipeline 480 MW

EMG Wind Portfolio1

MW

In-Service 471

Construction 523

Development Pipeline 2,982

Turbines (not shown) 1,185

~3,000 MW development pipeline and wind activity in 16 states

1 Data as of September 30, 2007; turbines purchased or committed to support development pipeline.

13

EDISON INTERNATIONAL®

EMG – Liquidity Profile

Available Liquidity

Sources ($ Millions) 12/31/06 9/30/07

EME Revolver $ 473 $ 508

MWG Revolver 495 497

Cash & Short term investments1 2,181 1,517

Total $ 3,149 $ 2,522

$1.1 billion of credit facilities between MWG and EME

1 Excludes $73 million and $109 million of cash collateral held by counterparties at 12/31/06 and 9/30/07, respectively.

14

EDISON INTERNATIONAL®

Use of Non-GAAP Financial Measures

Edison International’s earnings are prepared in accordance with generally accepted accounting principles used in the United States and represent the company’s earnings as reported to the Securities and Exchange Commission. Our management uses core earnings and EPS by principal operating subsidiary internally for financial planning and for analysis of performance. We also use core earnings and EPS by principal operating subsidiary as primary performance measurements when communicating with analysts and investors regarding our earnings results and outlook, as it allows us to more accurately compare the company’s ongoing performance across periods. Core earnings exclude discontinued operations and other non-core items and are reconciled to basic earnings per common share.

EPS by principal operating subsidiary is based on the principal operating subsidiary net income and Edison International’s weighted average outstanding common shares. The impact of participating securities (vested stock options that earn dividend equivalents that may participate in undistributed earnings with common stock) for each principal operating subsidiary is not material to each principal operating subsidiary’s EPS and is therefore reflected in the results of the Edison International holding company, which we refer to as EIX parent company. EPS and core EPS by principal operating subsidiary are reconciled to basic earnings per common share.

A reconciliation of Non-GAAP information to GAAP information, including the impact of participating securities, is included either on the slide where the information appears or on another slide referenced in the presentation.

15

EDISON INTERNATIONAL®