FWP 1 dfwp.htm ISSUER FREE WRITING PROSPECTUS Issuer Free Writing Prospectus

Issuer Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-123683

January 24, 2006

 

LOGO

 

$350,000,000

5 5/8% First and Refunding Mortgage Bonds, Series 2006A, Due 2036

 

SUMMARY OF TERMS

Security

   5 5/8% First and Refunding Mortgage Bonds, Series 2006A, Due 2036

Issuer:

   Southern California Edison Company (“SCE”, or the “Company”)

Joint Book-running Managers:

   Credit Suisse / Deutsche Bank Securities / Lehman Brothers

Principal Amount:

   $350,000,000

Ratings of Securities:

   A3/BBB+ (Moody’s / S&P)

Settlement Date:

   January 31, 2006 (T+5)

Maturity:

   February 1, 2036

Benchmark US Treasury:

   5.375% due 02/15/31

Benchmark US Treasury yield:

   4.582%

Spread to Benchmark US Treasury:

   +106 bps

Reoffer Yield:

   5.642%

Coupon:

   5 5/8%

Coupon Payment Dates:

   February 1 and August 1

First Coupon Payment Date:

   August 1, 2006

Public Offering Price:

   99.755%

Optional Redemption:

   Callable at any time, in whole or in part, at a “make whole” premium of T+20 bps

CUSIP/ISIN

   842400 FC 2/ US842400FC28

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 212-538-7764 (Collect) for Credit Suisse Securities (USA) LLC, by calling 800-503-4611 for Deutsche Bank Securities Inc. or by calling 212-526-9664 (Collect) for Lehman Brothers Inc.

 

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