FWP 1 dfwp.htm ISSUER FREE WRITING PROSPECTUS

Issuer Free Writing Prospectus

Issuer Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-161379

$500,000,000

5.50% First and Refunding Mortgage Bonds, Series 2010A,

Due 2040

SUMMARY OF TERMS
Security:		5.50% First and Refunding Mortgage Bonds, Series 2010A, Due 2040
Issuer:		Southern California Edison Company
Principal Amount:		$500,000,000
Ratings of Securities:		A1/A/A+ (Moody’s / S&P/ Fitch) Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
Trade Date:		March 8, 2010
Settlement Date:		March 11, 2010
Maturity:		March 15, 2040
Benchmark US Treasury:		4.375% due November 15, 2039
Benchmark US Treasury Yield:		4.683%
Spread to Benchmark US Treasury:		+90 basis points
Reoffer Yield:		5.583%
Coupon:		5.50%
Coupon Payment Dates:		March 15 and September 15
First Coupon Payment Date:		September 15, 2010
Public Offering Price:		98.797
Optional Redemption:		Callable at any time, in whole or in part, at a “make whole” premium of T+15 bps
CUSIP/ISIN:		842400FP3/US842400FP31
Joint Book-running Managers:		Citigroup Global Markets Inc. (“Citi”) Credit Suisse Securities (USA) LLC (“Credit Suisse”) J.P. Morgan Securities Inc. (“J.P. Morgan”) RBS Securities Inc. (“RBS”)
Co-managers:		Aladdin Capital LLC Guzman & Company Loop Capital Markets LLC Mitsubishi UFJ Securities (USA), Inc. SL Hare Capital, Inc. Wells Fargo Securities, LLC

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 1-877-858-5407 for Citi, by calling 1-800-221-1037 for Credit Suisse, by calling 1-212-834-4533 for J.P. Morgan, or by calling 1-866-884-2071 for RBS.