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MICHAEL R. PEEVEY SETS RETIREMENT AS PRESIDENT OF SCECORP AND SOUTHERN CALIFORNIA EDISON

 MICHAEL R. PEEVEY SETS RETIREMENT AS PRESIDENT
 OF SCECORP AND SOUTHERN CALIFORNIA EDISON
 ROSEMEAD, Calif., Oct. 15 /PRNewswire/ -- SCEcorp (NYSE: SCE) announced today that its president, Michael R. Peevey, 54, will retire March 1, 1993. On the same date, he will also retire as president of Southern California Edison, the utility subsidiary of SCEcorp, and from the boards of directors of SCEcorp, Edison, and affiliated companies.
 Peevey said, "I look forward to retiring from SCEcorp. My nine years at SCEcorp have been exciting and rewarding. Now it's time for me to change direction. I have a broad range of interests, from involvement in public and private higher education, to providing leadership in advancing new transportation technologies, to activities winext few months, and spending long-overdue time with my family, I will decide what new challenges to pursue."
 In commenting upon Peevey's planned retirement, SCEcorp chairman and chief executive officer John E. Bryson said, "Mike Peevey and I have worked well together over many years. Mike has made innumerable contributions to the success of SCEcorp, and I regret his departure. He will, however, continue to assist the company as a consultant for two years after his retirement, providing us with his counsel in the public policy and international business development areas. We look forwar ?to his continuing help."
 Peevey joined SCEcorp in 1984 as a vice president. In 1985, he became senior vice president, a year later executive vice president, and in 1990 was elected president.
 From 1973 through 1983, he was president of the California Council for Environmental and Economic Balance in San Francisco. From 1965 to 1969 and from 1971 to 1973, he was research director of the California AFL-CIO. In 1969-1970, he was coordinator of community programs for the University of California, Berkeley. After receiving his BA and MA degrees in economics at the University of California, Berkeley, Peevey worked as an economist for the U.S. Department of Labor in Washington, D.C. from 1961 to 1965.
 Peevey is married to Carol J. Liu, a member of the La Canada- Flintridge City Council. They have three children.
 -0- 10/15/92
 /CONTACT: Lewis M. Phelps of Southern California Edison, 818-302-7933
 (SCE) CO: Southern California Edison; SCEcorp ST: California IN: UTI SU: PER


BP -- LA033 -- 0681 10/15/92 17:19 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
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