6. Fee

Whenever the Commission authorizes a utility to issue debt and preferred stock, the Commission is required to charge and collect a fee pursuant to Pub. Util. Code §§ 1904(b) and 1904.1. Sections 1904(b) and 1904.1 are not applicable to any issue used to guarantee, take over, refund, discharge, or retire any stock, bond, note, or other evidence of indebtedness on which a fee has theretofore been paid to the Commission. Therefore, SCE should pay a fee on $2.49 billion of Debt Securities and $439 million of Preferred Equity. SCE should not pay a fee on the $372 million of Preferred Equity that will be used to retire/refund/refinance previously authorized securities. If SCE intends to use any of the $372 million for purposes other than the retirement or refund of indebtedness previously issued, it shall notify the Commission in writing and pay the corresponding fee before making such use, and identify in its next Securities report after issuance how it used the $372 million of long-term debt earmarked to replace existing long-term debt.

SCE shall remit the required $1,470,500 fee to the Commission's Fiscal Office.¹⁴ The authority granted by this order shall not become effective until SCE remits the $1,470,500 fee to the Commission's Fiscal Office.

¹⁴ The fee is assessed on $2.49 billion of authorized Debt Securities and $439 million of Preferred Equity (total $2.929 billion) as follows: (($2 * ($1,000,000/$1,000)) + ($1 * ($9,000,000/$1,000)) + ($0.50 * ($2,919,000,000/$1,000))) = $1,470,500.