IV. What Does SCE Request in this GRC?

· SCE Requests Substantial Increases Over the Next 3 Years - $286 million for 2003, $208 million for 2004, and $402 million for 2005, over 2003 revenues at present rates.¹

· Expenses are over $160 Million Higher in 2003 Compared to 2000², with Administrative & General Comprising the Biggest Chunk of the Increase.

· Plant Portion of Rate Base is about $325 Million Higher in 2003 Compared to 2000, with Distribution Comprising the Bulk of the Increase.

Production Plant includes, but is not limited to, land, structures, generators, and reactors for Steam, Nuclear, and Hydro power plants.

Transmission Plant includes, but is not limited to, land, structures, towers, fixtures, poles, plus overhead and/or underground conductors and devices.

¹ Due to the terms of the settlement agreement, rates will not be raised during the PROACT rate repayment period.

² SCE adjusted recorded 2000 numbers for unique, abnormal, or one-time non-recurring expenditures. Thus, SCE's numbers cited in the above chart differ from recorded 2000 expense numbers, as reported on FERC Form 1, that are used in subsequent charts.