ALJ/DUG/jt2 Date of Issuance 10/8/2008

Decision 08-10-014 October 2, 2008

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

Application of Southern California Edison Company (U388E), a Corporation, for Modification of Decision No. 00-10-040, as Previously Modified by Decision Nos. 01-01-021, 02-01-061, 05-11-013 and 06-11-012.

Application 08-06-012 (Filed June 10, 2008)

DECISION GRANTING SOUTHERN CALIFORNIA EDISON COMPANY AUTHORITY TO ISSUE UP TO $2,000,000,000 TO FINANCE ITS ONGOING REGULATORY BALANCING ACCOUNTS
AND PROCUREMENT-RELATED COLLATERAL COSTS

1. Summary

This decision grants Southern California Edison Company (Edison) the authority requested in Application (A.) 08-06-012 to modify Decision (D.) 06-11-012 and all previous decisions for authority to finance its regulatory balancing accounts and procurement-related collateral costs. Specifically, this decision grants Edison's request to increase its authority by $450,000,000, from $1,550,000,000 to $2,000,000,000, exempts this authority from the Commission's competitive bidding rules, imposes certain reporting requirements, imposes a fee of $231,000, and supersedes all prior decisions for authority to finance Edison's regulatory balancing accounts and procurement-related collateral costs. This proceeding is closed.