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SCEcorp ANNOUNCES STOCK SPLIT, EARNINGS AT ANNUAL MEETING

 ROSEMEAD, Calif., April 15 /PRNewswire/ -- The board of directors of SCEcorp (NYSE: SCE), the parent of Southern California Edison Co., announced a 2-for-1 split of SCEcorp's common stock, at the corporation's annual meeting today. The stock split is subject to regulatory approvals, which the company expects to receive. The split would be effective June 1, 1993.
 During the first quarter of 1993, SCEcorp stock traded at an all- time high of $49 5/8, among the highest in the electric utility industry. The 2-for-1 split will return the company's stock price to a level that is more attractive for individual investors.
 SCEcorp stock is traded on the New York, Pacific, London and Tokyo stock exchanges under the ticker symbol SCE.
 Earnings
 SCEcorp's earnings per share for the first quarter of 1993 were 67 cents. Earnings were 4 cents less than the same quarter last year. Although there were a number of offsetting items, the utility's lower authorized return on common equity for 1993, discussed in its 1992 annual report, was the principal reason for the earnings reduction.
 Southern California Edison contributed 60 cents per share to SCEcorp's earnings, 6 cents less than 1992. The Mission companies provided 7 cents per share in the first quarter, 2 cents higher than the first quarter last year. The increase was principally caused by a one-time adjustment to income caused by adoption of a new accounting standard for income taxes.
 -0- 4/15/93
 /CONTACT: Cathy Sedlik of SCEcorp, 818-302-2255/
 (SCE)


CO: SCEcorp; Southern California Edison ST: California IN: UTI SU: ERN

JL-JB -- LA020 -- 0867 04/15/93 13:23 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
Words:267
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