Edison International 8-K dated 10/22/03
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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): October 22, 2003
EDISON INTERNATIONAL
(Exact name of registrant as specified in its charter)
CALIFORNIA 001-9936 95-4137452
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) 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)
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Items 1 through 4 and 6 through 12 are not included because they are inapplicable.
Item 5. Other Events.
CPUC Litigation Settlement Agreement
On October 22, 2003, the California Supreme Court denied the petition of The Utility Reform Network (TURN) for rehearing of
an August 21, 2003 decision that concluded that the settlement agreement between Southern California Edison Company (SCE) and the
California Public Utilities Commission (CPUC) did not violate California law. The August 21 decision of the California Supreme Court
was issued in response to questions certified to it by the United States Court of Appeals for the Ninth Circuit. The matter will now
return to the Ninth Circuit for final disposition, subject to any efforts by TURN to pursue further federal appeals.
Background
In October 2001, SCE and the CPUC entered into a settlement of SCE's federal district court lawsuit against the CPUC, which
sought a ruling that SCE was entitled to full recovery of certain procurement-related costs. TURN and other parties appealed to the
Ninth Circuit seeking to overturn the stipulated judgment of the district court that approved the settlement agreement.
On September 23, 2002, the Ninth Circuit issued an opinion that affirmed the district court on all claims, with the
exception of challenges founded upon California state law. The Ninth Circuit issued a separate order certifying those issues in
question form to the California Supreme Court.
In its decision on August 21, 2003, the California Supreme Court concluded that the settlement agreement between SCE and the
CPUC did not violate California law in any of the respects raised by the certified questions from the Ninth Circuit. On September 8,
2003, TURN filed a petition for rehearing of the California Supreme Court's decision. On October 22, 2003, the California Supreme
Court issued its order denying the petition for rehearing.
The settlement agreement allowed SCE to recover $3.6 billion of past procurement-related costs through a regulatory
balancing account known as the PROACT. The recovery of the past procurement-related costs was completed by July 31, 2003. On
October 14, 2003, the CPUC's Energy Division notified SCE that the division completed its final review of PROACT accounting and
eliminated the PROACT account effective August 14, 2003.
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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/ KENNETH S. STEWART
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KENNETH S. STEWART
Assistant General Counsel and Assistant Secretary
Date: October 23, 2003