eix11k0608
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
__________
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK
PURCHASE, SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One):
|X|ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2007
OR
[ ]TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______________ to ______________
Commission File Number 1-9936
EDISON 401(K) SAVINGS PLAN
(Full Title of the Plan)
EDISON INTERNATIONAL
(Name of Issuer)
2244 Walnut Grove Avenue (P.O. Box 800), Rosemead, California 91770
(Address of principal executive office)
Page
Edison 401(k) Savings Plan
Financial Statements and
Supplemental Schedule
As of December 31, 2007 and 2006 and
for the Year Ended December 31, 2007
Page i
Edison 401(k) Savings Plan
Financial Statements and
Supplemental Schedule
As of December 31, 2007 and 2006 and
for the Year Ended December 31, 2007
Page 1
Edison 401(k) Savings Plan
Contents
Report of Independent Registered Public Accounting Firm 3
Financial Statements
Statements of Net Assets Available for Plan Benefits as of
December 31, 2007 and 2006 4
Statement of Changes in Net Assets Available for Plan
Benefits for the Year Ended December 31, 2007 5
Notes to Financial Statements 6-19
Supplemental Schedule
Schedule I: Form 5500 - Schedule H - Line 4i -
Schedule of Assets (Held at End of Year) as of
December 31, 2007 20-22
Consent of Independent Registered Public Accounting Firm Exhibit 23
Note: All schedules other than that listed above have been omitted since the
information is either disclosed elsewhere in the financial statements or
not required by 29 CFR 2520.103-10 of the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement
Income Security Act of 1974, as amended.
Page 2
Report of Independent Registered Public Accounting Firm
Southern California Edison Company
Benefits Committee
Rosemead, California
We have audited the accompanying statements of net assets available for plan benefits of
the Edison 401(k) Savings Plan (the "Plan") as of December 31, 2007 and 2006, and the
related statement of changes in net assets available for plan benefits for the year ended
December 31, 2007. These financial statements and the supplemental schedule referred to
below are the responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting
Oversight Board (United States). Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements are free of
material misstatement. The Plan is not required to have, nor were we engaged to perform,
an audit of its internal controls over financial reporting. Our audits included
consideration of internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the Plan's internal control over financial reporting.
Accordingly we express no such opinion. An audit also includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements, assessing the
accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the net assets available for plan benefits as of December 31, 2007 and 2006, and
the changes in net assets available for plan benefits for the year ended December 31, 2007
in conformity with accounting principles generally accepted in the United States of America.
Our audits were performed for the purpose of forming an opinion on the basic financial
statements taken as a whole. The supplemental schedule of assets (held at end of year) as
of December 31, 2007 is presented for the purpose of additional analysis and is not a
required part of the basic financial statements but is supplementary information required
by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the
Employee Retirement Income Security Act of 1974. The supplemental schedule has been
subjected to the auditing procedures applied in our audits of the basic financial
statements and, in our opinion, is fairly stated in all material respects in relation to
the basic financial statements taken as a whole.
BDO Seidman, LLP
Costa Mesa, California
June 13, 2008
Page 3
Edison 401(k) Savings Plan
Statements of Net Assets Available for Plan Benefits
December 31, 2007 2006
-------------------------------------------------------------------------------
(in 000's)
Assets
Cash $ 3,166 $ 18,434
Investments, at fair value 3,812,143 3,403,896
Receivables
Dividends receivable 9,533 6,927
Interest receivable 2,181 1,933
Profit sharing receivable 4,784 3,937
Receivable from brokers 5,579 892
-------------------------------------------------------------------------------
Total receivables 22,077 13,689
-------------------------------------------------------------------------------
Total assets 3,837,386 3,436,019
-------------------------------------------------------------------------------
Liabilities
Payable to brokers and others 31,213 13,337
-------------------------------------------------------------------------------
Total liabilities 31,213 13,337
-------------------------------------------------------------------------------
Net assets available for plan benefits $ 3,806,173 $ 3,422,682
-------------------------------------------------------------------------------
See accompanying notes to financial statements.
Page 4
Edison 401(k) Savings Plan
Statement of Changes in Net Assets Available for Plan Benefits
Year ended December 31, 2007
(in 000's)
Additions
Investment income
Dividends $ 28,191
Interest 30,509
Net appreciation in fair value of investments 330,511
389,211
Less: Management fees 641
Net investment income 388,570
Contributions
Employer contributions, net of forfeitures 74,240
Participant and rollover contributions 146,166
Total net contributions 220,406
Total additions 608,976
Deductions
Distributions to participants 225,468
Loans in default 17
Total deductions 225,485
Net increase 383,491
Net assets available for plan benefits
Beginning of year 3,422,682
End of year $ 3,806,173
Page 5
See accompanying notes to financial statements.
Page 6
Edison 401(k) Savings Plan
Notes to Financial Statements
1. Plan Description The following description of the Edison 401(k) Savings
Plan (the Plan), provides only general information.
The Plan sponsor is the Southern California Edison
Company (the Plan Sponsor). Participants should refer
to the summary plan description and plan document, as
amended, for a more complete description of the Plan's
provisions.
Nature of Plan
Eligibility
The Plan is a defined-contribution plan with a 401(k)
feature, in which qualifying full-time and part-time
employees of Edison International (the Company) and
many of its subsidiary companies are eligible to
participate. The Plan is subject to the provisions of
the Employee Retirement Income Security Act of 1974
(ERISA). An employee, as defined by the Plan
document, is eligible to participate in the Plan
immediately upon employment.
Contributions
Subject to statutory limits, all participants may
defer up to 84 percent of eligible pay. Participating
employers provide matching contributions up to 6.0
percent of a participant's eligible pay. Certain
participating subsidiaries also provide a fixed profit
sharing contribution of 3.0 percent of eligible pay
each pay period and a variable profit sharing
contribution annually (if certain business objectives
are reached) to eligible employees. The Plan also
accepts rollover contributions from other qualified
plans.
Vesting
Participants immediately vest in their contributions
plus actual earnings thereon. Employer contributions
plus actual earnings thereon vest at a rate of 20
percent per year. After five years of service or
reaching age 65, all existing and future employer
contributions are fully vested.
Page 7
Edison 401(k) Savings Plan
Notes to Financial Statements (Continued)
1. Plan Description Forfeitures
(Continued)
At December 31, 2007, and 2006, the unused portion of
forfeited non-vested accounts totaled $5,301 and
$9,928, respectively. These accounts are used to
reduce future employer contributions. During 2007,
employer contributions were reduced by $574,456 from
forfeited non-vested accounts.
Plan Trust
Plan assets are held in trust with State Street Bank
and Trust Company (the Trustee) for the benefit of
participants and their beneficiaries. The mutual
covenants to which the Plan Sponsor and the Trustee
agree are disclosed in the trust agreement between the
Plan Sponsor and the Trustee.
Plan Administration
The Plan is administered by the Southern California
Edison Company Benefits Committee (the Plan
Administrator). Hewitt Associates LLC is the Plan's
record keeper. As of December 31, 2007 and 2006, the
Plan provided investment choices in 45 and 47
investment funds, respectively. The Plan provides to
participants a detailed description of each investment
fund choice and lists the respective investment
manager.
Administrative and Investment Expenses
The Plan Sponsor pays the cost of administering the
Plan, including fees and expenses of the Trustee and
record keeper. The fees, taxes and other expenses
incurred by the Trustee or investment managers in
making investments are paid out of the applicable
investment funds. These expenses also include
brokerage fees for sales or purchases of Edison
International Common Stock on the open market. No
additional costs are incurred in connection with sales
of Edison International Common Stock within the trust
or the transfer of assets between funds.
Page 8
1. Plan Description Mutual funds pay fees to the Plan record keeper for
(Continued) administrative services to participants that would
otherwise have to be provided by the mutual funds.
The majority of fees received by the Plan record
keeper are used to reduce the record keeping and
communication expenses of the Plan paid by the Plan
Sponsor. See Note 7 for a discussion of
party-in-interest transactions.
Participant Accounts
Each participant account is adjusted for the
participant's contribution, the employer's
contribution, if applicable, and allocations of
investment earnings/losses. Allocation of
earnings/losses and expenses is based on account
balances. The benefit to which a participant is
entitled is the benefit that can be provided from the
vested portion of the participant's account.
Participant Loans
Participants may borrow from their account, a minimum
of $1,000 to a maximum of $50,000, with certain
restrictions. Loan transactions are treated as a
transfer from (to) the investment fund to (from)
participant loans. Loan terms range from one to four
years for general purpose loans or up to 15 years for
the purchase of a primary residence. Loans bear
interest at prime rate plus one percent. Interest
rates on outstanding loans range from 5.0 percent to
10.5 percent as of December 31, 2007. Principal and
interest are paid ratably through payroll deductions.
Some separated participants may repay loan obligations
directly, rather than through payroll deductions.
Participant loans amounted to approximately
$64,755,000 and $61,821,000 as of December 31, 2007,
and 2006, respectively.
Page 9
1. Plan Description Distribution to Participants
(Continued)
Account balances are distributed as soon as
practicable after a participant dies, becomes entitled
to a distribution and requests a distribution, or
terminates employment with an account balance of
$5,000 or less. Participants may otherwise delay
distribution, subject to the minimum distribution
requirements under Internal Revenue Code Section
401(a)(9). Participants may choose a lump sum,
partial distribution or an installment form of
payment. Participants who terminate employment on or
after January 28, 2005, with a vested account balance
greater than $1,000 but less than or equal to $5,000
will have their vested account balance automatically
rolled over to individual retirement accounts (IRA)
selected by the Chair or Secretary of the Plan
Administrator, unless the participants make a timely
distribution election.
Profit Sharing
Certain non-represented employees of Edison Mission
Group Inc.'s (EMG) participating subsidiaries are
eligible for two types of profit sharing contributions:
(i) Fixed profit sharing is comprised of a 3.0
percent profit sharing contribution each pay
period to the Plan on behalf of eligible
employees. Fixed profit sharing contributions
in 2007 amounted to $2,361,076.
(ii) Variable profit sharing is comprised of an
additional annual profit sharing contribution
to the Plan on behalf of eligible employees if
certain business objectives are reached.
Variable profit sharing contributions made in
2008 for the 2007 plan year were 6.25% of
eligible earnings for eligible EMG employees
for a total amount of $4,783,683. Such amount
is presented as "Profit sharing receivable" on
the Statement of Net Assets Available for Plan
Benefits as of December 31, 2007.
Page 10
2. Summary of Basis of Accounting
Significant
Accounting The financial statements are presented on the accrual
Policies basis of accounting and in conformity with accounting
principles generally accepted in the United States of
America (U.S.A.) applicable to employee benefit plans
and ERISA.
Use of Estimates
The preparation of financial statements in conformity
with accounting principles generally accepted in the
United States of America requires management to make
estimates and assumptions that affect the reported
amounts of assets, liabilities, and changes therein,
and disclosure of contingent assets and liabilities.
Actual results could differ materially from those
estimates.
Risks and Uncertainties
The Plan's investment in Edison International common
stock amounted to approximately $1,185,905,000 and
$1,066,948,000 as of December 31, 2007, and 2006,
respectively. Such investments represented
approximately 31 percent of the Plan's total assets as
of December 31, 2007, and 2006. For risks and
uncertainties regarding investment in the Company's
common stock, participants should refer to the annual
report on Form 10-K for the period ended December 31,
2007, and the quarterly report on Form 10-Q for the
period ended March 31, 2008, of Edison International,
and its affiliate entities listed below:
Southern California Edison Company
Edison Mission Energy
Midwest Generation, LLC
EME Homer City Generation L.P.
Page 11
2. Summary of The Plan provides for various funds that hold
Significant investment securities. Investment securities are
Accounting exposed to various risks such as interest rate,
Policies market, and credit risk. Due to the level of risk
(Continued) associated with certain investment securities and the
level of uncertainty related to changes in the value
of investment securities, it is at least reasonably
possible that changes in risk in the near term would
materially affect participants' account balances and
the amounts reported in Statements of Net Assets
Available for Plan Benefits and the Statement of
Changes in Net Assets Available for Plan Benefits.
The Plan participates in various investment options
that comprise securities of foreign companies, which
involve special risks and considerations not typically
associated with investing in U.S.A. companies. These
risks include devaluation of currencies, less reliable
information about issuers, different securities
transaction clearance and settlement practices, and
possible adverse political and economic developments.
Moreover, securities of many foreign companies and
their markets may be less liquid and their prices more
volatile than securities of comparable U.S.A.
companies.
Investment Valuation and Income Recognition
The Plan's investments are stated at fair value or
estimated fair value. Investments in mutual funds
valued at quoted market prices represent units held by
the Plan at year end. Investments in the common
collective funds invest in premixed portfolios and
institutional funds (see Note 4). Investments in the
common collective funds are valued at net asset value
of shares held by the Plan at year-end. Edison
International Common Stock is valued at its quoted
market price at year-end. Participant loans are
valued at cost, which approximates fair value.
Purchases and sales of securities are recorded on a
trade-date basis. Interest income is recorded on the
accrual basis. Dividends are recorded on the
ex-dividend date.
Page 12
2. Summary of Participant loans that are in default as provided in
Significant the plan document, are treated as deemed distributions
Accounting for tax purposes and also reported as such in the Form
Policies 5500. Management has determined these loans in
(Continued) default as uncollectible. For the year ended December
31, 2007, $16,608 of participant loans in default were
deemed to be uncollectible and written-off. Such
amount is included as loans in default in the
Statement of Changes in Net Assets Available for Plan
Benefits.
Net Appreciation (Depreciation) in Fair Value of
Investments
Realized and unrealized appreciation (depreciation) in
the fair value of investments is based on the
difference between the fair value of the assets at the
beginning of the year, or at the time of purchase for
assets purchased during the year, and the related fair
value on the day investments are sold with respect to
realized appreciation (depreciation), or on the last
day of the year for unrealized appreciation
(depreciation).
Distributions to Participants
Distributions to participants, other than loans, are
recorded when paid.
New Accounting Pronouncements
In September 2006, the FASB issued Statement of
Financial Accounting Standards No. 157, "Fair Value
Measurements" ("SFAS No. 157"). SFAS No. 157
clarifies the definition of fair
value, establishes a framework for measuring fair value
and expands the disclosures on fair value
measurement. SFAS No. 157 is effective for financial
statements issued for fiscal years beginning after
November 15, 2007. The Plan Sponsor does not believe
the adoption of SFAS No. 157 will have a material
impact on the Plan's financial statements.
Page 13
In February 2007, the FASB issued Statement of
Financial Accounting Standards No. 159, "The Fair
Value Option for Financial Assets and Financial
Liabilities - Including an Amendment of FASB Statement
No. 115" ("SFAS No. 159"). SFAS No. 159
provides an option to report financial
assets and liabilities at fair value, with
changes in fair value recognized in earnings. SFAS No. 159
is effective for fiscal years beginning after November
15, 2007. The Plan Sponsor does not believe the
adoption of SFAS No. 159 will have a material impact
on the Plan's financial statements.
3. Investment The Trustee invests contributions in accordance with
Elections participant instructions.
Participants may elect changes to their investment mix
effective each business day, with certain
restrictions. The Plan imposes a seven-day trading
restriction for most participants that applies to all
funds except the Edison International Stock Fund.
Reallocation elections are also subject to trading
restrictions, redemption fees, or other measures
imposed by investment fund managers. Participants may
effect changes to their deferral percentages and
deferral investment elections coincident with their
pay frequency.
Page 14
4. Investment The transfer of a participant's investment from one
Options fund to any other fund is based on the net asset value
of the units allocated to the participant's account,
as of close of market on the date of transfer.
As of December 31, 2007, all participants were able to
choose from among 45 investment fund offerings. These
investment funds consisted of the following:
o Three Pre-mixed Portfolios - Funds are invested
in portfolios which include U.S. stocks, non-U.S.
stocks and corporate and government bonds;
o Six Institutional Funds - Funds are invested in
a broad selection of asset classes; large and
small U.S. stocks (including Edison International
Common Stock), non-U.S. stocks and fixed income
instruments; and
o Thirty Six Mutual Funds - Funds are invested in
a variety of retail mutual funds from multiple
asset classes.
The Plan Sponsor's Trust Investment Committee may
direct the Trustee to establish new investment funds
or discontinue existing ones as well as change the
investment medium for each investment fund.
Participants should refer to the summary plan
description for a more complete discussion of the
various investment options.
Page 15
5. Investments The following presents investments that represent 5
percent or more of the Plan's net assets:
December 31, 2007 2006
----------------------------------------------------------
(in 000's)
Investments at Fair Value as
Determined by Quoted Market
Prices:
Edison International Common
Stock Fund, 22,157,661 and
23,451,326 shares,
respectively (See Note 7) $ 1,226,225 $1,087,517
Other - Mutual funds (less
than 5%) 1,116,180 999,863
----------------------------------------------------------
2,342,405 2,087,380
----------------------------------------------------------
Investments at Estimated Fair Value:
State Street Bank & Trust Co.
- Money Market Fund,
477,135,798 and 399,414,465
units, respectively (See
Note 7) 477,136 399,414
BZW Barclay's Global
Investors - Common Stock
Fund, 7,804,835 and
7,887,385 units,
respectively 362,483 347,124
Other - Frank Russell Trust
Company Funds (less than 5%) 565,364 508,157
Participant Loans (less than 5%) 64,755 61,821
----------------------------------------------------------
1,469,738 1,316,516
----------------------------------------------------------
Total Investments $ 3,812,143 $3,403,896
----------------------------------------------------------
Page 16
5. Investments During 2007, the Plan's investments (including gains
(Continued) and losses on investments bought and sold, as well as
held during the year) appreciated in value as follows:
Net Appreciation in Fair Value of Investments:
December 31, 2007
------------------------------------------------------
(in 000's)
Investments at Fair Value as
Determined by Quoted Market Prices
Edison International Common Stock Fund $ 177,410
Mutual Funds 92,372
-----------------------------------------------------
269,782
Investments at Estimated Fair Value
Common Collective Funds 60,729
-----------------------------------------------------
Net appreciation in fair value of
investments $ 330,511
-----------------------------------------------------
6. Reconciliation The following is a reconciliation of net assets
of Financial available for plan benefits per the financial
Statements to statements to the Form 5500:
Form 5500
December 31, 2007 2006
------------------------------------------------------
(in 000's)
Net assets available for
plan benefits per the
financial statements $ 3,806,173 $ 3,422,682
Less: Amounts allocated
to withdrawing
participants 991 1,244
-------------------------------------------------------
Net assets available for
plan benefits per the Form
5500 $ 3,805,182 $ 3,421,438
-------------------------------------------------------
Page 17
6. Reconciliation The following is a reconciliation of benefits paid to
of Financial participants per the financial statements to the Form
Statements 5500:
to Form 5500
(Continued) December 31, 2007
------------------------------------------------------
(in 000's)
Benefits paid to participants per the
financial statements $ 225,468
Add: Amounts allocated to
withdrawing participants at
December 31, 2007 991
Less: Amounts allocated to
withhdrawing participants at
December 31, 2007 1,244
--------------------------------------------------------
Benefits paid to participants
per the Form 5500 $ 225,215
--------------------------------------------------------
Amounts allocated to withdrawing participants are
recorded on the Form 5500 for benefit claims that have
been processed and approved for payment prior to
December 31 but not paid as of that date.
7. Party-In-Interest The Money Market Fund is managed by State Street Bank
Transactions and Trust Company, which also serves as the Plan's
Trustee. Fees earned by the Trustee in its capacity as
fund manager for the Plan were $486,470 for 2007 and
were reported as management fees on the Statement of
Changes in Net Assets Available for Plan Benefits.
Page 18
7. Party-In-Interest The Plan's investment options include the Company's
Transactions Common Stock as a fund option. See Note 2 for a
(Continued) discussion of the amount of the Plan's investment in
the Company's Common Stock. In addition, State Street
Global Advisors, an affiliate of State Street Bank and
Trust Company, is the investment manager of the Edison
International Common Stock Fund. Fees earned by State
Street Global Advisors in its capacity as the
investment manager of the Edison International Common
Stock Fund were $155,232 for 2007 and were reported as
management fees on the Statement of Changes in Net
Assets Available for Plan Benefits.
Fees paid by the Plan Sponsor for administrative and
other services rendered to the Plan were based on
customary rates for such services. Various mutual
funds offered as investment options in the Plan
transfer to Hewitt Associates, the Plan's record
keeper, certain shareholder servicing and distribution
services fees they charge to Plan participants who
invest in the mutual funds (these shareholder servicing
and distribution service fees are charged to all
investors in the mutual funds). These transferred
fees, which totaled $1,827,309 for 2007, were used to
reduce Hewitt Associates' charge to the Plan Sponsor
for services Hewitt Associates provided to the Plan.
See Note 1 for a discussion of the Plan's loans to
participants and Note 2 for a discussion of the
participant loans in default.
8. Plan Termination Although it has not expressed intent to do so, the Plan
Sponsor has the right under the Plan to discontinue its
contributions at any time and to terminate the Plan
subject to the provisions of ERISA. In the event of
Plan termination, participants will become fully vested
in their accounts. The Trust will continue after
termination until all Trust assets have been
distributed to participants and their beneficiaries.
Page 19
9. Tax Status The Internal Revenue Service has determined and
informed the Plan Sponsor by a letter dated May 22,
2002, that the Plan and related trust as amended
through November 29, 2001, are designed in accordance
with the applicable qualification sections of the
Internal Revenue Code (IRC). The Plan has been amended
since receiving the determination letter. However, the
Plan Administrator believes that the Plan, as amended,
is designed in compliance with the applicable
qualification requirements of the IRC. In addition,
the Plan Administrator is not aware of any operational
issues that will prevent the continuation of the Plan's
qualified tax status.
10. Employee Stock The Edison International Common Stock Fund constitutes
Ownership Plan an employee stock ownership plan that allows for the
current distribution of dividends to all participants.
Such distributions amounted to $4,989,803 for the year
ended December 31, 2007. On December 20, 2007, the
board of directors of Edison International declared a
common stock dividend of $0.305 per share payable on
January 31, 2008, to the shareholders of record as of
December 31, 2007. As the record date was at year end,
dividend income of $0.305 per share amounting to
$6,609,247 was accrued and included in dividends
receivable in the accompanying financial statements at
December 31, 2007.
Page 20
Edison 401(k) Savings Plan
Schedule I: Form 5500 - Schedule H - Line 4i-
Schedule of Assets (Held at End of Year) as of December 31, 2007
EIN: 95-1240335
Plan Number: 002
(a) (b) (c) (d) (e)
Current
Identity of Description of Investment Including Cost** Value
Issuer, Maturity Date, Rate of Interest, Par (in 000's)
Borrower, or Maturity Value
Lessor, or
Similar Party
Edison International Common Stock Fund
* Edison Common Stock - No Par Value $ 1,185,905
International
* State Street Short Term Investment Fund 40,320
Bank & Trust Co.
Total Edison International Common 1,226,225
Stock Fund
Money Market Fund
* State Street Money Market Fund - Collective 477,136
Bank & Trust Co. Investment in the State Street
Bank Short-Term Income Fund
Common
Collective Funds
BZW Barclay's Common Stock Fund - Collective 362,483
Global Investors Investment in the BZW Barclay's
Global Investors Equity Index Fund
Frank Russell Balanced Fund - Collective 181,592
Trust Company Investment in Frank Russell
Balanced Fund
Frank Russell Bond Fund - Collective Investment in 95,142
Trust Company Frank Russell Intermediate-Term
Bond Fund
Frank Russell US Large Company - Collective 75,820
Trust Company Investment in Frank Russell US
Large Company Equity I Fund
Frank Russell US Small Company - Collective 47,282
Trust Company Investment in Frank Russell US
Small Company Equity II Fund
Frank Russell Conservative Growth Portfolio - 43,382
Trust Company Collective Investment in Frank
Russell Conservative Balanced Fund
Frank Russell Trust Aggressive Growth Portfolio - 122,146
Company Collective Investment in Frank
Russell Aggressive Balanced
Fund
Total Common Collective Funds 927,847
Mutual Funds
Capital Research Collective Investment in The 132,648
& Management American Funds Group Europacific
Growth Fund
T. Rowe Price Collective Investment in T. Rowe 23,961
Price Blue Chip Fund
Page 21
C&S Realty Collective Investment in C&S 16,399
Institutional Realty Share Value
Fund
Vanguard Group Collective Investment in
Vanguard/Inflation Protected
Securities Fund 23,955
Artisan Funds Collective Investment in Small Cap 30,264
Value Fund
Dreyfus Collective Investment in 10,059
Management Appreciation Fund
Turner Collective Investment in Turner 19,275
Investment Small Cap Growth Fund
Partners
Capital Research Collective Investment in Washington 32,743
& Management Mutual Investors Fund
Dimensional Fund Collective Investment in Dimensional 107,829
Advisors Emerging Markets Fund
William Blair & Collective Investment in Small Cap 14,575
Co Growth Fund
T. Rowe Price Collective Investment in Mid-Cap 57,604
Growth
Salomon Brothers Collective Investment in Salomon 16,638
High Yield Value Bond
Oppenheimer Funds Collective Investment in Oppenheimer 19,002
Main Street Small Cap Y Fund
Franklin Advisors Collective Investment in Franklin 36,996
Utilities A
Allianz/PIMCO Collective Investment in Total 30,804
Advisors Return Fund Admin Shares
T. Rowe Price Collective Investment in T. Rowe 23,384
Price Health and Science Fund
MFS Investment Collective Investment in 54,845
Management Institutional TR International
Equity Funds
Capital Research Collective Investment in American 58,889
& Management Funds - New Perspective A
William Blair & Collective Investment in 13,430
Co. International Equity Fund CL 1
Allianz/PIMCO Collective Investment in Low 10,544
Advisors Duration Admin Fund
Morgan Stanley Collective Investment in Inst 16,177
Investment Mgmt. International Small Cap Fund A
DWS Scudder Collective Investment in Scudder 27,246
Investments -Dreman High Return Equity A Fund
Lord Abbett Collective Investment in Lord
Abbett Mid Cap Value Fund 11,230
Vanguard Group Collective Investment in Mid Cap 81,688
Index Fund
Artisan Funds Collective Investment in Mid Cap 13,563
Fund A
T. Rowe Price Collective Investment in Mid Cap 29,275
Value Fund
Page 22
T. Rowe Price Collective Investment in Financial 7,736
Services Value Fund
Allianz/PIMCO Collective Investment in RCM Global 53,042
Advisors Technology Fund A
Capital Research Collective Investment in American 49,141
& Management Balance Fund
Allianz/PIMCO Collective Investment in Capital 21,888
Advisors Appreciation Admin Fund
Allianz/PIMCO Collective Investment in Long Term 14,737
Advisors US Government Bonds
T. Rowe Price Collective Investment in Small Cap 8,697
Stock Fund
Morgan Stanley Collective Investment in 14,431
Investment Mgmt. Institutional International Equity
Fund
Harbor Capital Collective Investment in Capital 16,478
Advisors Appreciation Fund
UBS Global Asset Collective Investment in Global 13,020
Management Allocation Y
MFS Investment Collective Investment in Total 3,987
Management Return Fund A
Total Mutual Funds 1,116,180
---------
Participant Loans Loans With Maturities Varying From 64,755
One to Four Years (or up to 15
Years for Purchase of a Primary
Residence) and Interest Rates of
5.0 % to 10.5%
Total $ 3,812,143
* Party-In-Interest
** Investments are participant-directed; therefore, disclosure of
cost is not required.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other
persons who administer the Plan) have duly caused this annual report to be signed on its
behalf by the undersigned hereunto duly authorized.
Dated: June 26, 2008
EDISON 401(K) SAVINGS PLAN
By: /s/ Diane L. Featherstone
------------------------------------
Diane L. Featherstone
Chair of the Southern California Edison
Company Benefits Committee
Page 24