ALJ/MSW/sid Mailed 5/23/2003

Decision 03-05-076 May 22, 2003

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

Application of Southern California Edison Company (U 338-E) For Authority to, Among Other Things, Increase Its Authorized Revenues For Electric Service in 2003, And to Reflect That Increase in Rates.	Application 02-05-004 (Filed May 3, 2002)
Investigation on the Commission's Own Motion into the Rates, Operations, Practices, Service and Facilities of Southern California Edison Company.	Investigation 02-06-002 (Filed June 6, 2002)

OPINION ON MOTION FOR MEMORANDUM ACCOUNT

1. Summary

Southern California Edison Company (SCE) is authorized to establish a memorandum account to track the base rate revenue requirement that it has requested in this application during the period between May 22, 2003 and the date a final decision on that request is adopted in this proceeding. For any test year 2003 revenue requirement adjustment that may be authorized in this proceeding, and subject to further order of the Commission addressing the disposition of the memorandum account, this authorization preserves the Commission's discretion to later authorize SCE to receive the portion that corresponds to the tracking period. This authorization does not bind the Commission to grant the requested revenue requirement, or any portion thereof, as such a grant can only be made upon the development of a complete evidentiary record, and full and fair consideration of the record by the Commission.