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SOUTHERN CALIFORNIA EDISON CO FILES (8-K) Disclosing Change in Directors or Principal Officers
[September 17, 2014]

SOUTHERN CALIFORNIA EDISON CO FILES (8-K) Disclosing Change in Directors or Principal Officers


(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On September 16, 2014, Edison International"s ("EIX") subsidiary, Southern California Edison Company ("SCE"), announced that its Board of Directors elected Pedro J. Pizarro to serve as President of SCE and as a member of its Board of Directors, effective upon commencement of his employment with SCE, which is expected to be on or about October 1, 2014.



Mr. Pizarro, age 49, served as President of Edison Mission Energy, Inc. ("EME") and as a member of EME's Board of Directors from January 2011 to March 2014.

From April 2008 to December 2010, Mr. Pizarro served as SCE's Executive Vice President of Power Operations.


Mr. Pizarro will succeed Ronald L. Litzinger, who will become President of Edison Energy and will serve as an Executive Vice President of EIX. Mr.

Litzinger will resign from SCE's Board of Directors upon commencement of Mr.

Pizarro's employment.

Mr. Pizarro will earn a base salary at an initial rate of $600,000 annually. He will be eligible for an executive bonus for 2014, with a target payout equal to 70% of his base salary and a maximum payout equal to 140% of his base salary, pro-rated for the portion of the year that he is employed by SCE. He will also receive a long-term incentive award in connection with his hiring valued at 195% of his base salary, consisting of 50% EIX non-qualified stock options, 25% EIX restricted stock units and 25% EIX performance shares. Mr. Pizarro will be eligible to participate in all benefit plans and programs offered to SCE employees generally, as well as certain additional benefit plans offered to peer executives within EIX, and he will be credited with his prior service to EIX and its affiliates to the extent applicable.

Mr. Pizarro will serve on the pricing committee of SCE's Board of Directors.

EIX and SCE issued a press release on September 16, 2014 announcing Mr.

Pizarro's election and Mr. Litzinger's transition. A copy of the press release is attached as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits (d) Exhibits See the Exhibit Index below.

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