ALJ/TJS/eap Date of Issuance 11/7/08

Decision 08-11-021 November 6, 2008

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

Application of Southern California Edison Company (U 338-E) for a Commission Finding that its Procurement-Related and Other Operations for the Record Period January 1 Through December 31, 2007 Complied with its Adopted Procurement Plan; for Verification of its Entries in the Energy Resource Recovery Account and Other Regulatory Accounts; and for Recover of $13.947 Million Recorded in Two Memorandum Accounts

Application 08-04-001 (Filed April 1, 2008)

DECISION APPROVING SOUTHERN CALIFORNIA EDISON COMPANY'S
UNOPPOSED APPLICATION AND GRANTING RELIEF REQUESTED

1. Summary

Upon review of the record in this proceeding, this decision finds that the $4.14 billion in Southern California Edison Company's (SCE) Energy Resource Recovery Account (ERRA) representing procurement-related and other operations subject to Commission review for the record period January 1 through December 31, 2007 complied with Commission adopted plans and were reasonable. We further find that the entries in SCE's ERRA and other related accounts are accurately recorded. In addition, we review certain other regulatory accounts identified below and find the amounts reasonable, appropriate, correctly stated and in compliance with Commission decisions. We also examine specific generation and procurement related operations and make specific findings pertaining to the reasonableness of the actions, accounting, and related rate-making performed by SCE. Furthermore, we also approve SCE's request to recover $13.947 million associated with undercollections in the Project Development Division Memorandum Account (PDDMA) and the New System Generation Memorandum Account (NSGMA), which were previously authorized by this Commission. As a result of all these actions, the average residential customer using 700 kilowatt-hours in the summer will see an increase of 12 cents in the monthly bill.