Edison International Raises Common Stock Dividend 8%; Southern California Edison Company Declares Preferred Stock Dividends.

ROSEMEAD, Calif. -- The board of directors of Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.27 per share payable Jan. 31, 2006, to shareholders of record on Dec. 30, 2005. The decision increases the quarterly per-share dividend rate from $0.25 to $0.27, and the annual rate from $1.00 to $1.08.

"This dividend increase reflects our continuing confidence in our company's performance and the opportunities we see before us," said Edison International Chairman and CEO John E. Bryson. "It represents our ongoing commitment to rewarding our shareholders for their investment in us."

Additionally, the board of directors of Southern California Edison Company today declared the following dividends:

--A quarterly dividend of $1.33725 per share on the Series A Preference Stock payable Jan. 31, 2006, to shareholders of record on Jan. 5, 2006.

--A quarterly dividend of $0.255 per share on the 4.08% series of cumulative preferred stock, $0.265 per share on the 4.24% series of cumulative preferred stock, and $0.29875 per share on the 4.78% series of cumulative preferred stock. Each of these dividends is payable Feb. 28, 2006, to shareholders of record on Feb. 3, 2006.

--A quarterly dividend of $0.27 per share on the 4.32% series of cumulative preferred stock, and $1.53125 per share on the Series B Preference Stock. Each of these dividends is payable March 31, 2006, to shareholders of record on March 3, 2006.

Based in Rosemead, Calif., Edison International is the parent company of Southern California Edison and Edison Mission Group.