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  <dei:EntityRegistrantName contextRef="D2009Q2YTD">EDISON INTERNATIONAL </dei:EntityRegistrantName>
  <dei:EntityCentralIndexKey contextRef="D2009Q2YTD">0000827052</dei:EntityCentralIndexKey>
  <dei:DocumentType contextRef="D2009Q2YTD">10-Q</dei:DocumentType>
  <dei:DocumentPeriodEndDate contextRef="D2009Q2YTD">2009-06-30</dei:DocumentPeriodEndDate>
  <dei:AmendmentFlag contextRef="D2009Q2YTD">false</dei:AmendmentFlag>
  <dei:CurrentFiscalYearEndDate contextRef="D2009Q2YTD">--12-31</dei:CurrentFiscalYearEndDate>
  <dei:EntityFilerCategory contextRef="D2009Q2YTD">Large Accelerated Filer</dei:EntityFilerCategory>
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  <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
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&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;1. Summary of
Significant Accounting Policies &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Basis of Presentation
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International's significant
accounting policies were described in Note&amp;nbsp;1 of "Notes to Consolidated
Financial Statements" included in its 2008 Annual Report on Form&amp;nbsp;10-K.
Edison International follows the same accounting policies for interim reporting
purposes. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The December&amp;nbsp;31, 2008 condensed
balance sheet data was derived from audited financial statements, but does not
include all disclosures required by accounting principles generally accepted in
the United States of America. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Certain prior-year reclassifications
have been made to conform to the current year financial statement presentation
mostly pertaining to the adoption of SFAS No.&amp;nbsp;160 and the elimination of
the previously reported income statement caption "Provision for regulatory
adjustment clauses&amp;nbsp;&amp;#150; net" through classifications within relevant captions
including "Operating revenue," "Purchased power," "Other operation and
maintenance" and "Depreciation, decommissioning and amortization." Except as
indicated, amounts presented in the Notes to the Consolidated Financial
Statements relate to continuing operations. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International has performed an
evaluation of subsequent events through August&amp;nbsp;7, 2009, the date the
financial statements were issued. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Cash and Equivalents
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Cash and cash equivalents as of
June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008 consisted of the following:
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    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
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      size=2&gt;&lt;B&gt;December&amp;nbsp;31,&lt;BR&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
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size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2,456&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3,543&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;U.S. government agency securities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;164&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Commercial paper&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;30&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Time deposits (certificates of
      deposit)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;11&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total cash equivalents&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2,467&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3,738&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total cash and cash
      equivalents&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2,701&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3,916&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=1,FOLIO='7',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201A.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_8&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Cash equivalents, with the exception
of money market funds, were stated at amortized cost plus accrued interest. The
carrying value of cash equivalents equals the fair value as all investments have
maturities of less than three months. For further discussion of money market
funds, see Note&amp;nbsp;10. Additionally, cash and equivalents of $81&amp;nbsp;million
and $89&amp;nbsp;million at June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008,
respectively, are included for four projects that Edison International is
consolidating under an accounting interpretation for VIEs. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Earnings (Loss) Per Common
Share &lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International computes EPS
using the two-class method, which is an earnings allocation formula that
determines EPS for each class of common stock and participating security. Edison
International's participating securities are stock based compensation awards
payable in common shares, including stock options, performance shares and
restricted stock units, which earn dividend equivalents on an equal basis with
common shares. Stock options awarded during the period 2003 through 2006
received dividend equivalents. Stock options awarded prior to 2002 and after
2006 were granted without a dividend equivalent feature. As a result of meeting
a performance trigger, the options granted in 1998 and 1999 began earning
dividend equivalents in 2006. EPS attributable to Edison International common
shareholders was computed as follows: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="52%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Three Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Basic earnings (loss) per share&amp;nbsp;&amp;#150;
      continuing operations:&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Income (loss) from continuing operations, net
      of tax&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;(9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;262&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;238&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;565&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Gain on redemption of preferred
    stock&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Participating securities
dividends&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Income (loss) from continuing operations
      available to common shareholders&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;(9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;259&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;238&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;561&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Weighted average common shares
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;326&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;326&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;326&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;326&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Basic earnings (loss) per share&amp;nbsp;&amp;#150;
      continuing operations&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(0.03&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.79&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;0.73&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.72&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P
      style="MARGIN-TOP: 12pt; MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Diluted earnings (loss) per share&amp;nbsp;&amp;#150;
      continuing operations:&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Income (loss) from continuing operations
      available to common shareholders&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;(9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;259&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;238&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;561&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Income impact of assumed
    conversions&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Income (loss) from continuing operations
      available to common shareholders and assumed conversions&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;(9&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;260&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;238&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;564&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Weighted average common shares
      outstanding&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;326&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;326&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;326&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;326&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Incremental shares from assumed
      conversions&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Adjusted weighted average shares&amp;nbsp;&amp;#150;
      diluted&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;327&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;329&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;327&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;330&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Diluted earnings (loss) per share&amp;nbsp;&amp;#150;
      continuing operations&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(0.03&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;0.79&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;0.73&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1.71&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=2,FOLIO='8',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201A.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_9&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Stock-based compensation awards to
purchase 8,641,695 and 108,901 shares of common stock for the three months ended
June&amp;nbsp;30, 2009 and 2008, respectively, and 8,641,695 and 108,901 shares of
common stock for the six months ended June&amp;nbsp;30, 2009 and 2008, respectively,
were outstanding, but were not included in the computation of diluted earnings
per share because the exercise price of the awards was greater than the average
market price of the common shares; and therefore, the effect would have been
antidilutive. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Inventory &lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Inventory is stated at the lower of
cost or market, cost being determined by the weighted-average cost method for
fuel, and the average cost method for materials and supplies. Inventory at
June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008 consisted of the following:
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="73%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=55&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;December&amp;nbsp;31,&lt;BR&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=7&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Coal, gas, fuel oil and raw
    materials&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;187&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;163&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Spare parts, materials and
    supplies&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;358&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;390&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;545&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;553&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Margin and Collateral Deposits
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Margin and collateral deposits
include cash deposited with counterparties and brokers and cash received from
counterparties and brokers (reflected in "Other current liabilities" on the
consolidated balance sheets) as credit support under energy contracts. The
amount of margin and collateral deposits generally varies based on changes in
the value of the positions. In accordance with FIN No.&amp;nbsp;39-1, "Amendment of
FASB Interpretation No.&amp;nbsp;39," Edison International presents a portion of its
margin and cash collateral deposits net with its derivative positions on its
consolidated balance sheets. Amounts recognized for cash collateral provided to
others that have been offset against derivative liabilities totaled
$113&amp;nbsp;million and $123&amp;nbsp;million at June&amp;nbsp;30, 2009 and
December&amp;nbsp;31, 2008, respectively. Amounts recognized for cash collateral
received from others that have been offset against derivative assets totaled
$275&amp;nbsp;million and $225&amp;nbsp;million at June&amp;nbsp;30, 2009 and
December&amp;nbsp;31, 2008, respectively. Amounts recognized for cash collateral
provided to others that have not been offset against derivative liabilities
totaled $133&amp;nbsp;million and $105&amp;nbsp;million at June&amp;nbsp;30, 2009 and
December&amp;nbsp;31, 2008, respectively. Amounts recognized for cash collateral
received from others that have not been offset against derivative assets totaled
$7&amp;nbsp;million and $8&amp;nbsp;million at June&amp;nbsp;30, 2009 and December&amp;nbsp;31,
2008 respectively. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;New Accounting Pronouncements
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Accounting Pronouncements Adopted
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In May 2009, the FASB issued SFAS
No.&amp;nbsp;165, "Subsequent Events." SFAS No.&amp;nbsp;165 sets forth the period after
the balance sheet date during which management of a reporting entity should
evaluate events or transactions that may occur for potential recognition or
disclosure in the financial statements; the circumstances under which an entity
should recognize these events or transactions; and the disclosures that an
entity should make. Edison International adopted SFAS No.&amp;nbsp;165, effective
April&amp;nbsp;1, 2009. The adoption of this standard had no impact on Edison
International's consolidated results of operations, financial position or cash
flows. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=3,FOLIO='9',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201A.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_10&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In April 2009, the FASB issued FSP
SFAS No.&amp;nbsp;157-4, "Determining Fair Value When the Volume and Level of
Activity for the Asset or Liability Have Significantly Decreased and Identifying
Transactions that Are Not Orderly." FSP SFAS No.&amp;nbsp;157-4 affirms the
objective of a fair value measurement, which is to identify the price that would
be received to sell an asset or paid to transfer a liability in an orderly
transaction at the measurement date between market participants ("exit price")
under current market conditions. FSP SFAS No.&amp;nbsp;157-4 includes guidance on
identifying circumstances that indicate when there is no active market or
transactions where the price inputs being used represent distressed or forced
sales. If either of these conditions exists, FSP SFAS No.&amp;nbsp;157-4 provides
additional direction for estimating fair value and requires disclosure of a
change in valuation technique (and the related inputs) resulting from the
application of this position and to quantify its effects, if practicable. This
position also requires disclosures on a more disaggregated basis for investments
in debt and equity securities measured at fair value. Edison International
adopted FSP SFAS No.&amp;nbsp;157-4, effective April&amp;nbsp;1, 2009. The adoption of
this position did not have an impact on Edison International's consolidated
results of operations, financial position or cash flows. See Note&amp;nbsp;10.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In April 2009, the FASB issued FSP
SFAS No.&amp;nbsp;115-2 and SFAS&amp;nbsp;124-2, "Recognition and Presentation of
Other-Than-Temporary Impairments." This position amends existing guidance for
determining whether impairment is other than temporary for debt securities.
Under this position, an entity writes down to fair value through earnings,
impaired debt securities that it currently intends to sell or for which it is
more likely than not it will be required to sell before the anticipated
recovery. If an entity does not intend and will not be required to sell a debt
security but it is probable that the entity will not collect all amounts due,
the entity will separate the other-than-temporary impairment into two
components: 1)&amp;nbsp;the amount due to credit loss would be recognized in
earnings, and 2)&amp;nbsp;the remaining portion would be recognized in other
comprehensive income. Edison International adopted this position, effective
April&amp;nbsp;1, 2009, resulting in increased disclosures. The adoption of this
position did not have an impact on Edison International's consolidated results
of operations, financial position or cash flows. See Note&amp;nbsp;10. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In April 2009, the FASB issued FSP
SFAS No.&amp;nbsp;107-1 and APB No.&amp;nbsp;28-1, "Interim Disclosures about Fair Value
of Financial Instruments." This position requires disclosures about the fair
value of all financial instruments, for which it is practicable to estimate that
fair value, for interim reporting periods as well as annual statements. Edison
International adopted this position, effective April&amp;nbsp;1, 2009. Since FSP
SFAS No.&amp;nbsp;107-1 and APB No.&amp;nbsp;28-1 impacts disclosure only, the adoption
of this position did not have an impact on Edison International's consolidated
results of operations, financial position or cash flows. See Note&amp;nbsp;10.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Effective January&amp;nbsp;1, 2009,
Edison International adopted SFAS No.&amp;nbsp;157 for nonrecurring fair value
measurements of nonfinancial assets and liabilities. The adoption of SFAS
No.&amp;nbsp;157 for nonrecurring fair value measurements did not have a material
impact on Edison International's consolidated financial statements. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In December 2007, the FASB issued
SFAS No.&amp;nbsp;141(R), which establishes principles and requirements for how the
acquirer in a business combination recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed and any
noncontrolling interest in the acquiree at the acquisition date fair value. SFAS
No.&amp;nbsp;141(R) determines what information to disclose to enable users of the
financial statements to evaluate the nature and financial effects of the
business combination. SFAS No.&amp;nbsp;141(R) applies prospectively to business
combinations for which the acquisition date is on or after fiscal years
beginning on or after January&amp;nbsp;1, 2009. Adoption of this pronouncement &lt;!-- SEQ.=4,FOLIO='10',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201A.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_11&gt;&lt;/A&gt;had no impact on consolidated results of operations,
financial position or cash flows because there were no business combinations
during the first six months of 2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In April 2009, the FASB issued FSP
SFAS No.&amp;nbsp;141(R)-1, "Accounting for Assets Acquired and Liabilities Assumed
in a Business Combination That Arise from Contingencies" to amend guidance in
SFAS No.&amp;nbsp;141(R). FSP SFAS No.&amp;nbsp;141(R)-1 addresses the initial
recognition, measurement and subsequent accounting for assets and liabilities
arising from contingencies in a business combination, and requires that such
assets acquired or liabilities assumed be initially recognized at fair value at
the acquisition date if fair value can be determined during the measurement
period. If the acquisition-date fair value cannot be determined, the asset
acquired or liability assumed arising from a contingency is recognized only if
certain criteria are met. This position also requires that a systematic and
rational basis for subsequently measuring and accounting for the assets or
liabilities be developed depending on their nature. This position was effective
for assets or liabilities arising from contingencies in business combinations
for which the acquisition date is on or after fiscal years beginning
January&amp;nbsp;1, 2009. Adoption of this standard had no impact on Edison
International's consolidated results of operations, financial position or cash
flows because there were no business combinations during the first six months of
2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In December 2007, the FASB issued
SFAS No.&amp;nbsp;160, which requires an entity to present noncontrolling interests
that reflect the ownership interests in subsidiaries held by parties other than
the entity, within the equity section but separate from the entity's equity in
the consolidated financial statements. It also requires the amount of
consolidated net income attributable to the parent and to the noncontrolling
interests to be clearly identified and presented on the face of the consolidated
statement of income; changes in ownership interests to be accounted for
similarly as equity transactions; and when a subsidiary is deconsolidated, any
retained noncontrolling equity investment in the former subsidiary and the gain
or loss on the deconsolidation of the subsidiary to be measured at fair value.
Edison International adopted this pronouncement effective January&amp;nbsp;1, 2009
and retrospectively applied this standard as of December&amp;nbsp;31, 2008. In
accordance with this standard, Edison International reclassified "Noncontrolling
interests&amp;nbsp;&amp;#150; other" of $285&amp;nbsp;million and "Preferred and preference stock
of utility not subject to mandatory redemption" of $907&amp;nbsp;million to a
component of equity. For additional information, see Note&amp;nbsp;7. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In March 2008, the FASB issued SFAS
No.&amp;nbsp;161, which requires additional disclosures related to derivative
instruments, including how and why an entity uses derivative instruments, how
derivative instruments and related hedged items are accounted for and how
derivative instruments and related hedged items affect an entity's financial
position, financial performance, and cash flows. Edison International adopted
this pronouncement effective January&amp;nbsp;1, 2009. Since SFAS No.&amp;nbsp;161
impacts disclosures only, the adoption of this standard did not have an impact
on Edison International's consolidated results of operations, financial position
or cash flows. For additional information regarding the adoption, see
Note&amp;nbsp;2. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In April 2008, the FASB issued FSP
FAS No.&amp;nbsp;142-3 which amends the factors that should be considered in
developing renewal or extension assumptions used to determine the useful life of
a recognized intangible asset under SFAS No.&amp;nbsp;142, "Goodwill and Other
Intangible Assets." The intent of the position is to improve the consistency
between the useful life of a recognized intangible asset under SFAS No.&amp;nbsp;142
and the period of expected cash flows used to measure the fair value of the
asset under SFAS No.&amp;nbsp;141(R) and other GAAP. Edison International adopted
this pronouncement effective, January&amp;nbsp;1, 2009. The adoption of this
position had no impact on Edison International's consolidated results of
operations, financial position or cash flows. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=5,FOLIO='11',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201A.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_12&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In November 2008, the FASB ratified
the consensus in EITF Issue No.&amp;nbsp;08-6, "Equity Method Investment Accounting
Considerations." This issue clarifies the accounting for certain transactions
and impairment considerations involving equity method investments. Effective
January&amp;nbsp;1, 2009, Edison International adopted this issue prospectively. The
adoption had no impact on its consolidated financial statements. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Accounting Pronouncements Not Yet
Adopted &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In December 2008, the FASB issued FSP
FAS&amp;nbsp;132(R)-1, "Employers' Disclosures about Postretirement Benefit Plan
Assets." This position requires additional plan asset disclosures about the
major categories of assets, the inputs and valuation techniques used to measure
fair value, the level within the fair value hierarchy, the effect of using
significant unobservable inputs (Level&amp;nbsp;3) and significant concentrations of
risk. This position is effective for years ending after December&amp;nbsp;15, 2009
and, therefore, Edison International will adopt FSP FAS&amp;nbsp;132(R)-1 at
year-end 2009. FSP FAS&amp;nbsp;132(R)-1 will impact disclosures only and will not
have an impact on Edison International's consolidated results of operations,
financial position or cash flows. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In June 2009, the FASB issued SFAS
No.&amp;nbsp;167, "Amendments to FASB Interpretation No.&amp;nbsp;46(R)."
SFAS&amp;nbsp;No.&amp;nbsp;167 changes how a company determines when an entity that is
insufficiently capitalized or is not controlled through voting (or similar
rights) should be consolidated. The determination of whether a company is
required to consolidate an entity is based on, among other things, an entity's
purpose and design and a company's ability to direct the activities of the
entity that most significantly impact the entity's economic performance. Edison
International will adopt SFAS No.&amp;nbsp;167 on January&amp;nbsp;1, 2010 and is
currently evaluating the impact, if any, that the adoption of this standard will
have on its consolidated financial statements. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In June 2009, the FASB issued SFAS
No.&amp;nbsp;168, "The FASB Accounting Standards Codification&amp;#153; and the Hierarchy of
Generally Accepted Accounting Principles." This Statement establishes the
Codification to become the source of authoritative, nongovernmental
U.S.&amp;nbsp;GAAP superseding existing FASB, American Institute of Certified Public
Accountants (AICPA), Emerging Issues Task Force (EITF) and related literature.
Following this Statement, the FASB will not issue new standards in the form of
Statements, FASB Staff Positions or EITF Abstracts. Instead, the FASB will issue
Accounting Standards Updates. Two levels of U.S.&amp;nbsp;GAAP will exist:
authoritative and non-authoritative. Codification is not intended to change
U.S.&amp;nbsp;GAAP or guidance issued by the SEC. However, Codification will affect
the way Edison International researches accounting issues and references
U.S.&amp;nbsp;GAAP in its notes to consolidated financial statements and MD&amp;amp;A.
Edison International will adopt this Statement in the third quarter of 2009.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Restricted Cash
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Cash balances that are restricted to
pay amounts required for EMG lease payments, margining, or to provide collateral
are classified as restricted cash. Cash balances that are restricted under
margining agreements are classified as short-term as such amounts change
frequently based on forward market prices. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Related Party Transactions
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;During the first quarter of 2008, a
subsidiary of EME was awarded, through a competitive bidding process, a ten-year
power sales contract with SCE for the output of a 479 MW gas-peaking facility
located in the City of Industry, California, which is referred to as the Walnut
Creek project. Deliveries &lt;!-- SEQ.=6,FOLIO='12',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201A.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_13&gt;&lt;/A&gt;under the power sales agreement are expected to
commence in 2013. The project is subject to resolution of uncertainty regarding
the availability of required emission credits. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:SignificantAccountingPoliciesTextBlock>
  <us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;2. Derivative
Instruments and Hedging Activities &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx40201_electric_utility&gt;&lt;/A&gt;&lt;A name=toc_xxx40201_4&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;FONT
size=2&gt;&lt;B&gt;Electric Utility &lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Commodity Price Risk
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE is exposed to commodity price
risk from its purchases of capacity and ancillary services to meet peak energy
requirements and from exposure to natural gas prices that affect costs
associated with power purchased from QFs, fuel tolling arrangements, and its own
gas-fired generation, including SCE's Mountainview and peaker plants. Contract
energy prices for most nonrenewable QFs are based in large part on the monthly
index price of natural gas delivered at the Southern California border. SCE also
has power contracts, referred to as tolling arrangements, in which SCE has
agreed to provide the natural gas needed for generation under those power
contracts or pay for the natural gas based on published index prices. In
addition to SCE's Mountainview and peaker plants, approximately 44% of SCE's
purchased power supply is subject to natural gas price volatility. Fair value
changes in SCE's derivative instruments are expected to be recovered from or
refunded to ratepayers and therefore, fair value changes have no impact on
earnings, but may temporarily affect cash flows. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Natural Gas and Electricity Price
Risk &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE has an active hedging program in
place to minimize ratepayer exposure to variability in market prices; however,
to the extent that SCE does not mitigate the exposure to commodity price risk,
the unhedged portion is subject to the risks and benefits of spot-market price
movements, which are ultimately passed-through to ratepayers. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;To mitigate SCE's exposure to
variability in market prices, SCE enters into energy options, tolling
arrangements, forward physical contracts and transmission congestion revenue
rights (CRRs). SCE also enters into contracts for power and gas options, as well
as swaps and futures, in order to mitigate its exposure to increases in natural
gas and electricity pricing. These transactions are pre-approved by the CPUC or
executed in compliance with CPUC-approved procurement plans. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE records its derivative
instruments on its consolidated balance sheets at fair value unless they meet
the definition of a normal purchase or sale. The derivative instrument fair
values are marked to market at the end of each reporting period. Any fair value
changes are expected to be recovered from or refunded to customers through
regulatory mechanisms and therefore, SCE's fair value changes have no impact on
purchased-power expense or earnings. Hedge accounting is not used for these
transactions due to this regulatory accounting treatment. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=7,FOLIO='13',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201A.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_14&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Notional Volumes of Derivative
Instruments &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table summarizes the
notional volumes of derivatives used for hedging activities at June&amp;nbsp;30,
2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=284&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=69&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=73&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Commodity&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;B&gt;Unit
      of Measure&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Economic Hedges&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=7&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Electricity options, swaps and forward
      arrangements&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;MW&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;23,058&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Natural gas options, swaps and forward
      arrangements&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;Bcf&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;296&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Congestion revenue
      rights&lt;SUP&gt;(1)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;MW&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;503,017&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Tolling
arrangements&lt;SUP&gt;(2)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;MW&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,556&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(1)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In September 2007 and November
  2008, the CAISO allocated CRRs for the period April 2009 through December 2017
  based on SCE's load requirements. In addition, SCE participated in CAISO
  auctions for the procurement of additional CRRs. The CRRs meet the definition
  of a derivative under SFAS No.&amp;nbsp;133. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(2)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In compliance with a CPUC mandate,
  SCE held an open, competitive solicitation that produced agreements with
  different project developers who have agreed to construct new Southern
  California generating resources. SCE has entered into a number of contracts,
  of which five received regulatory approval in the fourth quarter of 2008 and
  are recorded as derivative instruments. The contracts provide for fixed
  capacity payments as well as pricing for energy delivered based on a heat rate
  and contractual operation and maintenance prices. However, due to uncertainty
  regarding the availability of required emission credits, some of the
  generating resources may not be constructed and the contracts associated with
  these resources could therefore terminate, at which time SCE would no longer
  account for these contracts as derivatives. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Fair Value of Derivative
Instruments &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table summarizes the
gross and net fair values of commodity derivative instruments at June&amp;nbsp;30,
2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="34%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=24&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=21&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=24&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=21&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=8&gt;&lt;FONT size=2&gt;&lt;B&gt;Derivative&lt;BR&gt;Assets &lt;/B&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=8&gt;&lt;FONT size=2&gt;&lt;B&gt;Derivative&lt;BR&gt;Liabilities
      &lt;/B&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Short-&lt;BR&gt;Term&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Long-&lt;BR&gt;Term&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Subtotal&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Short-&lt;BR&gt;Term&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Long-&lt;BR&gt;Term&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Subtotal&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Net&lt;BR&gt;Liability&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=23&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=20&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Non-trading activities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Economic hedges&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;155&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;467&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;622&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;201&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;524&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;725&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;103&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Netting and collateral&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(68&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(68&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(67&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=23&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;154&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;467&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;621&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;133&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;524&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;657&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;36&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=23&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Income Statement Impact of
Derivative Instruments &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE recognizes realized gains and
losses on derivative instruments as purchased-power expense and recovers these
costs from ratepayers. Due to expected future recovery from ratepayers,
unrealized gains and losses are deferred and are not recognized as
purchased-power expense until realized. As a result, realized and unrealized
gains and losses do not affect earnings, but may temporarily affect cash flows.
The results of derivative activities and related regulatory offsets are recorded
in cash flows from operating activities in the consolidated statements of cash
flows. Realized losses on economic hedging &lt;!-- SEQ.=8,FOLIO='14',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201B.;1',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_15&gt;&lt;/A&gt;activities were $96&amp;nbsp;million and
$194&amp;nbsp;million for the three- and six-month periods ended June&amp;nbsp;30, 2009,
respectively, compared to realized gains on economic hedging activities of
$28&amp;nbsp;million and $26&amp;nbsp;million for the comparable periods in 2008,
respectively. Unrealized gains on economic hedging activities were
$293&amp;nbsp;million and $626&amp;nbsp;million for the three- and six-month periods
ended June&amp;nbsp;30, 2009, respectively, compared to $333&amp;nbsp;million and
$486&amp;nbsp;million for the comparable periods in 2008, respectively. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Contingent Features/Credit Related
Exposure &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Certain derivative instruments and
power procurement contracts under SCE's power and natural gas hedging activities
contain collateral requirements. SCE has historically provided collateral in the
form of cash and/or letters of credit for the benefit of counterparties. These
requirements can vary depending upon the level of unsecured credit extended by
counterparties, changes in market prices relative to contractual commitments,
and other factors. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Certain of these power contracts
contain a provision that requires SCE to maintain an investment grade credit
rating from each of the major credit rating agencies, referred to as a
"credit-risk-related contingent feature." If SCE's credit rating were to fall
below investment grade, SCE may be required to pay the derivative liability or
post additional collateral. The aggregate fair value of all derivative
liabilities with these credit-risk-related contingent features as of
June&amp;nbsp;30, 2009, was $82&amp;nbsp;million, for which SCE has posted collateral of
less than $1&amp;nbsp;million to its counterparties. If the credit-risk-related
contingent features underlying these agreements were triggered on June&amp;nbsp;30,
2009, SCE would be required to post an additional $32&amp;nbsp;million of
collateral. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx40201_competitive_power_generation&gt;&lt;/A&gt;&lt;A
name=toc_xxx40201_5&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Competitive Power Generation
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;EME uses derivative instruments to
reduce EME's exposure to market risks that arise from fluctuations in
electricity, capacity and fuel prices, emission allowances and transmission
rights. Additionally, EME's financial results can be affected by fluctuations in
interest rates. To the extent that EME does not use derivative instruments to
hedge these market risks, the unhedged portions will be subject to the risks and
benefits of spot market price movements. Hedge transactions are primarily
entered into using derivative instruments including: &lt;/FONT&gt;&lt;/P&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;futures contracts cleared on the
  Intercontinental Trading Exchange and the New York Mercantile Exchange or
  executed bilaterally with counterparties, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;forward sales transactions entered
  into on a bilateral basis with third parties, including electric utilities,
  power marketing companies and financial institutions, &lt;/FONT&gt;&lt;FONT
  size=2&gt;&lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;full requirements services
  contracts or load requirements services contracts for the procurement of power
  for electric utilities' customers, with such services providing for the
  delivery of a bundled product including, but not limited to, energy,
  transmission, capacity, and ancillary services, generally for a fixed unit
  price, &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;capacity transactions, and
  &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;interest rate swaps entered into
  on a bilateral basis with counterparties. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The extent to which EME hedges its
market price risk depends on several factors. First, EME evaluates
over-the-counter market prices to determine if forward market prices are
sufficiently attractive compared to the risks associated with the fluctuating
spot market. Second, EME evaluates the &lt;!-- SEQ.=9,FOLIO='15',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201B.;1',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_16&gt;&lt;/A&gt;sufficiency of its credit capacity at EME and
Midwest Generation and whether the forward sales markets have sufficient
liquidity to enable EME to identify appropriate counterparties for hedge
transactions. Hedge transactions entered into by EME are accounted for under
SFAS No.&amp;nbsp;133. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SFAS No.&amp;nbsp;133, as amended and
interpreted by accounting literature, establishes accounting and reporting
standards for derivative instruments (including certain derivative instruments
embedded in other contracts). SFAS No.&amp;nbsp;133 requires a company to record
derivatives on its balance sheets as either assets or liabilities measured at
fair value unless otherwise exempted from derivative treatment as a normal sale
and purchase. Under SFAS No.&amp;nbsp;133, all changes in the fair value of
derivative instruments are recognized currently in earnings, unless specific
hedge criteria are met, which requires that EME formally document, designate,
and assess the effectiveness of transactions that receive hedge accounting.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SFAS No.&amp;nbsp;133 sets forth the
accounting requirements for cash flow hedges. SFAS No.&amp;nbsp;133 provides that
the effective portion of gains or losses on derivative instruments designated
and qualifying as cash flow hedges be reported as a component of other
comprehensive income and be reclassified into earnings in the same period during
which the hedged forecasted transaction affects earnings. The remaining gains or
losses on the derivative instruments, if any, must be recognized currently in
earnings. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Many of the derivative instruments
entered into for risk management purposes (also referred to as non-trading
purposes) meet the requirements for hedge accounting under SFAS No.&amp;nbsp;133.
However, not all derivative instruments entered into for risk management
purposes will qualify for hedge accounting treatment. Furthermore, EME utilizes
derivative contracts that are designed to adjust financial and/or physical
positions that reduce costs or increase gross margin. Accordingly, risk
management positions may not be designated as cash flow hedges and are thus
marked to market through current period earnings (derivatives that are entered
into for risk management, but which are not designated as cash flow hedges, are
referred to as economic hedges). &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SFAS No.&amp;nbsp;133 affects the timing
of income recognition, but has no effect on cash flow. To the extent that income
varies under SFAS No.&amp;nbsp;133 from accrual accounting (i.e.,&amp;nbsp;revenue
recognition based on the settlement of transactions), EME records unrealized
gains or losses. EME classifies unrealized gains and losses from commodity
contracts in competitive power generation revenues or fuel expenses based on the
item being hedged. In addition, the results of derivative activities are
recorded in cash flows from operating activities in the consolidated statements
of cash flows. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Derivative instruments that are
utilized for trading purposes are measured at fair value and included in the
balance sheet as derivative assets or liabilities. In the absence of quoted
market prices, derivative instruments are valued at fair value as determined
through the methodology outlined in Note&amp;nbsp;10&amp;#151;Fair Value Measurements.
Resulting gains and losses are recognized in competitive power generation
revenues in the accompanying consolidated income statements in the period of
change in accordance with EITF No.&amp;nbsp;02-3, "Issues Involved in Accounting for
Derivative Contracts Held for Trading Purposes and Contracts Involved in Energy
Trading and Risk Management Activities." &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Where EME's derivative instruments
are subject to a master netting agreement and the criteria of FASB
Interpretation (FIN) No.&amp;nbsp;39 "Offsetting of Amounts Related to Certain
Contracts" are met, EME presents its derivative assets and liabilities on a net
basis in its balance sheet. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=10,FOLIO='16',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201B.;1',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_17&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Notional Volumes of Derivative
Instruments &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table summarizes the
notional volumes of derivatives used for hedging and trading activities at
June&amp;nbsp;30, 2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="16%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=50&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=61&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=74&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=42&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=39&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=36&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Hedging Activities &lt;/B&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Commodity&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Instrument&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Classification&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;&lt;B&gt;Unit
      of&amp;nbsp;Measure&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;B&gt;Cash
      Flow&lt;BR&gt;Hedges&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Economic&lt;BR&gt;Hedges&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Trading&lt;BR&gt;Activities&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=16&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=8&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Electricity&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Forwards&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Sales&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;GWh&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;16,809&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(1)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;20,215&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(3)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;21,651&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Electricity&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Forwards&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Purchases&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;GWh&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;19,088&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(3)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;23,238&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Electricity&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Capacity&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Sales&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;MW-Day&lt;BR&gt;(in
    thousands)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;386&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(2)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;91&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(2)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Electricity&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Capacity&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Purchases&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;MW-Day&lt;BR&gt;(in
    thousands)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;25&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(2)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(2)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;554&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(2)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Electricity&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Congestion&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Sales&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;GWh&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;136&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(4)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;7,570&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(4)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Electricity&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Congestion&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Purchases&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;GWh&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3,328&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(4)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;171,875&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;SUP&gt;(4)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Natural gas&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Forwards&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Sales&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;billion cubic feet&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;9.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;42.0&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Natural gas&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Forwards&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Purchases&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;billion cubic feet&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;44.8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Fuel oil&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Forwards&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Sales&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Barrels&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;90,000&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Fuel oil&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Forwards&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Purchases&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Barrels&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;600,000&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;140,000&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=16&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(1)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;EME's hedge products include
  forward and futures contracts that qualify for hedge accounting under SFAS
  No.&amp;nbsp;133. This category excludes power contracts for the Illinois Plants
  which meet the normal sales and purchase exception under SFAS No.&amp;nbsp;133 and
  are accounted for on the accrual method. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(2)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;EME's hedge transactions for
  capacity result from bilateral trades. Capacity sold in the PJM RPM auction is
  not accounted for as a derivative under SFAS No.&amp;nbsp;133. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(3)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;EME also entered into transactions
  that adjust financial and physical positions, or day-ahead and real-time
  positions to reduce costs or increase gross margin. These positions largely
  offset each other. The net sales positions of these categories are primarily
  related to hedge transactions that are not designated as cash flow hedges
  under SFAS No.&amp;nbsp;133. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(4)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Congestion contracts are financial
  transmission rights, transmission congestion contracts or congestion revenue
  rights. These positions are similar to a swap, where the buyer is entitled to
  receive a stream of revenues (or charges) based on the hourly day-ahead price
  differences between two locations. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In addition, Viento Funding
II,&amp;nbsp;Inc., an EME subsidiary, in conjunction with the closing of its wind
portfolio financing, entered into seven-year amortizing interest rate swaps
accounted for as cash flow hedges with a total notional amount of approximately
$170&amp;nbsp;million at June&amp;nbsp;30, 2009. The interest rate swaps entitle Viento
Funding II to receive a floating (six-month LIBOR) rate and pay a fixed rate of
3.175%. The interest rate swap agreements expire in June 2016. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=11,FOLIO='17',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201B.;1',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_18&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Fair Value of Derivative
Instruments &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table summarizes the
gross fair value of derivative instruments at June&amp;nbsp;30, 2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="33%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=25&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=25&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=25&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=25&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
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  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
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    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
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  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
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    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;245&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;80&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;325&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;232&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;63&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;295&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;30&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;485&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;178&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;663&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;432&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;103&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;535&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;128&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=23&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;383&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,459&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;679&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;183&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;862&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;597&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Netting and collateral received&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(218&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(1,071&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(672&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(170&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(842&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(229&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=23&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;223&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;165&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;388&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;7&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;13&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;20&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;368&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=23&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Income Statement Impact of
Derivative Instruments &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table provides the
activity of accumulated other comprehensive income for the six months ended
June&amp;nbsp;30, 2009, containing the information about the changes in the fair
value of cash flow hedges and reclassification from accumulated other
comprehensive income into results of operations: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="63%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=50&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=89&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT size=2&gt;&lt;B&gt;Cash
      Flow&lt;BR&gt;Hedge&lt;BR&gt;Activity&lt;SUP&gt;(1)&lt;/SUP&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=2&gt;&lt;B&gt;Income
      Statement&lt;BR&gt;Location&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=6&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
  size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Accumulated other comprehensive income
      derivative gain at December&amp;nbsp;31, 2008&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;398&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Effective portion of changes in fair
      value&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;109&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Reclassification from accumulated other
      comprehensive income to net income&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(55&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Competitive
      power&lt;BR&gt;generation revenues&lt;SUP&gt;(2)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=6&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Accumulated other comprehensive income
      derivative gain at June&amp;nbsp;30, 2009&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;452&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=6&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(1)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Unrealized derivative gains are
  before income taxes. The after-tax amounts recorded in accumulated other
  comprehensive income at June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008 were
  $269&amp;nbsp;million and $240&amp;nbsp;million, respectively. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(2)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Represents reclassification of
  unrealized gains to competitive power generation revenues. &lt;/FONT&gt;
  &lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=12,FOLIO='18',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201B.;1',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
  name=page_xxx40201_1_18&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/DD&gt;&lt;/DL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Under SFAS No.&amp;nbsp;133, the portion
of a cash flow hedge that does not offset the change in the value of the
transaction being hedged, which is commonly referred to as the ineffective
portion, is immediately recognized in earnings. EME recorded net gains (losses)
of $5&amp;nbsp;million and $(18) million during the second quarters of 2009 and
2008, respectively, and $5&amp;nbsp;million and $(31) million during the six months
ended June&amp;nbsp;30, 2009 and 2008, respectively, representing the amount of cash
flow hedge ineffectiveness and are reflected in operating revenues in the income
statement. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The effect of realized and unrealized
gains from derivative instruments used for economic hedging and trading purposes
on the consolidated statement of income for the periods ended June&amp;nbsp;30, 2009
is presented below: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="28%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=171&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=58&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=56&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;&lt;B&gt;In
      millions&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=9&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Type&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Income&lt;BR&gt;Statement Location&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Three&amp;nbsp;Months&lt;BR&gt;Ended&lt;BR&gt;June&amp;nbsp;30,
    2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Six&amp;nbsp;Months&lt;BR&gt;Ended&lt;BR&gt;June&amp;nbsp;30, 2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=9&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Economic hedges&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Competitive power generation
      revenue&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;16&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Fuel expense&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;14&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;14&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Trading activities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Competitive power generation
      revenue&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;17&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;27&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=9&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Contingent Features/Credit Related
Exposure &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Certain derivative instruments
contain margin and collateral deposit requirements. Since EME's credit ratings
are below investment grade, EME has historically provided collateral in the form
of cash and letters of credit for the benefit of counterparties related to the
net of accounts payable, accounts receivable, unrealized losses and unrealized
gains in connection with derivative activities. Certain derivative contracts do
not require margin, but contain provisions that require EME or Midwest
Generation to comply with the terms and conditions of their respective credit
facilities. The credit facilities each contain financial covenants. Some hedge
contracts include provisions related to a change in control or material adverse
effect resulting from amendments or modifications to the related credit
facility. Failure by EME or Midwest Generation to comply with these provisions
may result in a termination event under the hedge contracts, enabling the
counterparties to terminate and liquidate all outstanding transactions and
demand immediate payment of amounts owed to them. EMMT also has hedge contracts
that do not require margin, but provide that each party can request additional
credit support in the form of adequate assurance of performance in the case of
an adverse development affecting the other party. The aggregate fair value of
all derivative instruments with credit-risk-related contingent features is in an
asset position on June&amp;nbsp;30, 2009 and, accordingly, the contingent features
described above do not currently have a liquidity exposure. Future increases in
power prices could expose EME or Midwest Generation to termination payments or
additional collateral postings under the contingent features described above.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;A
name=xxx40201_financial_services_and_other&gt;&lt;/A&gt;&lt;A
name=toc_xxx40201_6&gt;&lt;/A&gt;&lt;BR&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Financial Services and Other
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;A subsidiary of Edison Capital has a
foreign currency swap to hedge foreign currency and interest rate risks of debt
obligations with a notional amount of 56&amp;nbsp;million British pounds. The fair
value of the foreign currency swap at June&amp;nbsp;30, 2009 is $18&amp;nbsp;million and
is classified as a long-term derivative liability on the consolidated balance
sheet. The effective portion of the change in the fair value of this derivative
and related debt recorded in accumulated other comprehensive income for the six
months &lt;!-- SEQ.=13,FOLIO='18',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201C.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_19&gt;&lt;/A&gt;ended June&amp;nbsp;30, 2009 was less than
$1&amp;nbsp;million and the amount reclassified from accumulated other comprehensive
income into income was $4&amp;nbsp;million. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock>
  <us-gaap:DebtDisclosureTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;3. Liabilities and Lines
of Credit &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Long-Term Debt
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In March 2009, SCE issued
$500&amp;nbsp;million of 6.05% and $250&amp;nbsp;million of 4.15% first and refunding
mortgage bonds due in 2039 and 2014, respectively. The bond proceeds were used
for general corporate purposes and to finance fuel inventories. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In February 2009, SCE repaid
$150&amp;nbsp;million of its first and refunding mortgage bonds. In March 2009, SCE
purchased two issues of its tax-exempt pollution control bonds totaling
$219&amp;nbsp;million and converted the issues to a variable rate structure. SCE
continues to hold the bonds which remain outstanding and have not been retired
or cancelled. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In June 2009, EME completed through
its subsidiary, Viento Funding II,&amp;nbsp;Inc., a non-recourse portfolio financing
of its interests in the Wildorado, San Juan Mesa and Elkhorn Ridge wind
projects. The portfolio financing included a $189&amp;nbsp;million seven-year term
loan and a $13&amp;nbsp;million letter of credit facility which replaced project
letters of credit previously issued under the EME corporate credit facility.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Short-Term Debt
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;At June&amp;nbsp;30, 2009, Edison
International (parent) had $77&amp;nbsp;million of short-term debt outstanding under
its $1.4&amp;nbsp;billion credit facility at a weighted average interest rate of
0.68%. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Credit Agreements
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;On March&amp;nbsp;17, 2009, SCE entered
into a new $500&amp;nbsp;million 364-day revolving credit facility, terminating on
March&amp;nbsp;16, 2010. The additional liquidity provided by the facility will be
used to support SCE's ongoing power procurement-related needs. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In June 2009, SCE amended its
$2.5&amp;nbsp;billion five-year credit facility, reducing the commitment to
$2.4&amp;nbsp;billion, and Edison International amended its $1.5&amp;nbsp;billion
revolving credit facility, reducing the commitment to $1.4&amp;nbsp;billion. Both
amendments were made to remove a subsidiary of Lehman Brothers Holding as a
lender. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=14,FOLIO='19',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201C.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_20&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table summarizes the
status of the credit facilities at June&amp;nbsp;30, 2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="55%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=54&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;SCE&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;EMG&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Edison&lt;BR&gt;International&lt;BR&gt;(parent)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Total&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Commitment&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,894&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,100&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,426&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5,420&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Less: Unfunded commitment from Lehman Brothers
      subsidiary&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(36&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(36&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2,894&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,064&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,426&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;5,384&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Outstanding borrowings&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
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&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
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&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;4. Income Taxes
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International's composite
federal and state statutory income tax rate was approximately 40% (net of the
federal benefit for state income taxes) for all periods presented. Edison
International's effective tax rate was 98% and 244% for the three- and six-month
periods ended June&amp;nbsp;30, 2009, respectively, as compared to 24% and 30% for
the respective periods in 2008. The 2009 effective tax rates were higher when
compared to both the 2008 effective rate and the 2009 statutory rate due to the
benefit recorded as a result of the Global Settlement discussed below.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The American Recovery and
Reinvestment Act of 2009 ("ARRA") included a number of provisions that provide
tax incentives to stimulate the economy, including incentives for energy-related
investments and activities. ARRA extended for 1&amp;nbsp;year the 50% bonus
depreciation provision to eligible property placed in service prior to
January&amp;nbsp;1, 2010, provided for an option to claim cash grants in lieu of
investment tax credits, including the solar energy investment tax credit and
provided for an option to claim cash grants &lt;/FONT&gt;&lt;FONT
size=2&gt;&lt;I&gt;or&lt;/I&gt;&lt;/FONT&gt;&lt;FONT size=2&gt; an investment tax credit in lieu of
production tax credits, including the wind production tax credit. Cash grants
would be obtained separately from the tax return under rules and regulations
published by the U. S. Treasury Department. SCE anticipates utilizing the solar
energy investment tax credit for its investment in its PV Solar Rooftop
facilities. EME has placed the Elkhorn Ridge, Phase&amp;nbsp;II of the Goat Wind and
High Lonesome wind projects in service during 2009. EME and its partner in the
Elkhorn Ridge project have agreed to continue to claim production tax credits.
EME is currently planning to claim investment tax credits for Phase&amp;nbsp;II of
the Goat Wind and High Lonesome wind projects. Both SCE and EME plan to review
their plans based on rules and regulations regarding the grant payments in lieu
of tax credits recently issued by the U. S. Treasury Department and based on tax
planning activities during the second part of 2009. Edison International
accounts for investment tax credits on the deferred method and, accordingly,
will recognize tax benefits related to such credits over the estimated useful
life of the projects. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=15,FOLIO='20',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201C.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_21&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Accounting for Uncertainty in
Income Taxes &lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table provides a
reconciliation of unrecognized tax benefits from January&amp;nbsp;1 to June&amp;nbsp;30:
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
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  &lt;TBODY&gt;
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    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="77%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=24&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=3&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=9&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=3&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;87&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;55&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;84&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Decreases&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(26&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(97&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Decreases for settlements during the
      period&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(1,807&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Reductions for lapses of applicable statute of
      limitations&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=9&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Balance at June&amp;nbsp;30&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;639&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,156&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=9&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Unrecognized tax benefits were
reduced by $1.8&amp;nbsp;billion during the second quarter of 2009 as a result of
consummating the Global Settlement discussed below. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International believes it is
reasonably possible that unrecognized tax benefits could be reduced by up to
$104&amp;nbsp;million within the next twelve months from settlement of state tax
matters for periods through 2002. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As of June&amp;nbsp;30, 2009 and
December&amp;nbsp;31, 2008, respectively, if recognized, $256&amp;nbsp;million and
$210&amp;nbsp;million of the unrecognized tax benefits would impact the effective
tax rate. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Accrued Interest and Penalties
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The total amount of accrued interest
and penalty related to Edison International's income tax reserve was
$351&amp;nbsp;million and $200&amp;nbsp;million as of June&amp;nbsp;30, 2009 and
December&amp;nbsp;31, 2008, respectively. After-tax interest income, recognized in
income tax expense, was $113&amp;nbsp;million and $109&amp;nbsp;million for the three-
and six-month periods ended June&amp;nbsp;30, 2009, respectively, and after-tax
interest expense, recognized in income tax expense, was $5&amp;nbsp;million and
$13&amp;nbsp;million for the three- and six-month periods ended June&amp;nbsp;30, 2008,
respectively. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Tax Years Subject to
Examination &lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International's federal income
tax returns are subject to examination by the IRS for tax years 2003 to present.
Consummation of the Global Settlement, discussed below, effectively closed the
examination for tax years 1986&amp;nbsp;&amp;#150;&amp;nbsp;2002 and resolved federal tax
disputes related to Edison Capital's cross- border, leveraged leases in their
entirety. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In addition to the IRS audits, Edison
International's California and other state income tax returns are open for
examination by the California Franchise Tax Board and the other state tax
authorities for tax years 1986 to present. The Franchise Tax Board is currently
examining tax years through 2002. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=16,FOLIO='21',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201C.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_22&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Global Settlement
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As previously disclosed, Edison
International and the IRS finalized the terms of a Global Settlement on
May&amp;nbsp;5, 2009. The Global Settlement resolves federal tax disputes related to
Edison Capital's cross-border, leveraged leases through 2009, and all other
outstanding federal tax disputes and affirmative claims for tax years 1986
through 2002. Pursuant to the Global Settlement, Edison Capital terminated its
interests in the cross-border leases and received net proceeds of
$1.385&amp;nbsp;billion, including $121&amp;nbsp;million in the first quarter of 2009.
See Note&amp;nbsp;14 for further discussion of the termination of the cross-border
leases. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The Global Settlement and termination
of the Edison Capital cross-border leases resulted in the following impacts:
&lt;/FONT&gt;&lt;/P&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International recorded a
  consolidated after-tax earnings charge of $274&amp;nbsp;million through the second
  quarter of 2009 ($11&amp;nbsp;million of which was recorded in the first quarter
  of 2009) and expects that the Global Settlement together with the termination
  of the Edison Capital cross-border leases will result in a positive cash
  impact over time of approximately $380&amp;nbsp;million. The cash impacts of the
  Global Settlement will occur over the next few years. &lt;/FONT&gt;&lt;FONT
  size=2&gt;&lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The Global Settlement and related
  lease terminations resulted in a loss of $628&amp;nbsp;million, after tax, for
  Edison Capital through the second quarter of 2009, reflected in "Lease
  termination and other" ($920&amp;nbsp;million pre-tax), and "Income tax expense
  (benefit)" on the consolidated statements of income (loss). Edison Capital's
  overall net cash outflow from the Global Settlement will be approximately
  $300&amp;nbsp;million over time. &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The Global Settlement also
  resolves all of SCE's federal income tax disputes and affirmative claims
  through tax year 2002. During the second quarter of 2009, SCE recorded
  after-tax earnings of $300&amp;nbsp;million reflected in "Income tax expense
  (benefit)" on the consolidated statements of income (loss) primarily related
  to settlement of two affirmative claims associated with the taxation of
  balancing account overcollections and taxation of proceeds received in
  consideration for transferring control of SCE's transmission and distribution
  system to the ISO as part of California's deregulation process. Both claims
  created tax timing differences that resulted in an interest refund from the
  IRS for prior period tax overpayments, but did not result in a permanent
  reduction in Edison International's and SCE's federal income tax liability.
  SCE expects an overall positive cash impact resulting from the Global
  Settlement of approximately $640&amp;nbsp;million over time, including the cash
  benefit of prior tax deposits of approximately $200&amp;nbsp;million. &lt;/FONT&gt;&lt;FONT
  size=2&gt;&lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;On a combined basis, all other
  federal tax disputes involving the Edison International consolidated group for
  tax years 1986&amp;nbsp;&amp;#150;&amp;nbsp;2002 resulted in after-tax earnings of
  $54&amp;nbsp;million and expected positive cash flow over time of approximately
  $40&amp;nbsp;million. The earnings are attributable to miscellaneous net income
  tax benefits arising from the Global Settlement. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As a consequence of the cross-border
lease terminations and Global Settlement, Edison Capital may be required to pay
outstanding medium-term loans in the amount of $92&amp;nbsp;million (at
June&amp;nbsp;30, 2009) and purchase certain affordable housing projects for
approximately $20&amp;nbsp;million (at June&amp;nbsp;30, 2009) under existing
guarantees. Edison International does not expect such payments to have a
material adverse impact on its results of operations, financial position, or
cash flows. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=17,FOLIO='22',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201C.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_23&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International is addressing
the impacts of the Global Settlement with state tax authorities and is awaiting
receipt of final interest calculations from the IRS. Resolution of such matters
with such authorities may change the estimated cash and earnings impacts
described above. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:IncomeTaxDisclosureTextBlock>
  <eix:CompensationAndBenefitPlansTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;5. Compensation and
Benefits Plans &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Pension Plans
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As of June&amp;nbsp;30, 2009, Edison
International had made less than $1&amp;nbsp;million in contributions related to
2008 and $29&amp;nbsp;million related to 2009 and estimates to make $22&amp;nbsp;million
of additional contributions in the last six months of 2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Net pension cost recognized is
calculated under the actuarial method used for ratemaking. The difference
between pension costs calculated for accounting and ratemaking is deferred.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Expense components are: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="52%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Three Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Service cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;32&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;32&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;63&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;63&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Interest cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;52&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;50&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;103&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;100&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Expected return on plan assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(42&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(65&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(83&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(131&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amortization of prior service
cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;4&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amortization of net loss&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;14&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;28&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Expense under accounting
standards&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;60&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;21&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;119&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;41&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Regulatory adjustment&amp;nbsp;&amp;#150;
    deferred&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(37&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(73&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total expense recognized&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;23&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;21&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;46&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;41&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Postretirement Benefits Other
Than Pensions &lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As of June&amp;nbsp;30, 2009, Edison
International had made no contributions related to 2008 and $9&amp;nbsp;million
related to 2009 and estimates to make $117&amp;nbsp;million of additional
contributions in the last six months of 2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Expense components are: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="52%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Three Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Six
      Months Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Service cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;11&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;12&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;22&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;23&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Interest cost&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;36&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;35&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;72&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;69&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Expected return on plan assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(21&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(31&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(42&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(62&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amortization of prior service cost
      (credit)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;(8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(15&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(15&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amortization of net loss&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;16&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;31&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;9&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total expense recognized&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;34&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;12&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;68&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;24&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=18,FOLIO='23',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201C.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_24&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Stock-Based Compensation
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;During the first quarter of 2009,
Edison International granted its 2009 stock-based compensation awards, which
included stock options, performance shares, deferred stock units and restricted
stock units. Total stock-based compensation expense (reflected in the caption
"Other operation and maintenance" on the consolidated statements of income
(loss)) was $10&amp;nbsp;million and $12&amp;nbsp;million for the three months ended
June&amp;nbsp;30, 2009 and 2008, respectively, and was $16&amp;nbsp;million and
$19&amp;nbsp;million for the six months ended June&amp;nbsp;30, 2009 and 2008,
respectively. The income tax benefit recognized in the consolidated statements
of income (loss) was $4&amp;nbsp;million and $5&amp;nbsp;million for the three months
ended June&amp;nbsp;30, 2009 and 2008, respectively, and was $6&amp;nbsp;million and
$8&amp;nbsp;million for the six months ended June&amp;nbsp;30, 2009 and 2008,
respectively. Total stock-based compensation cost capitalized was
$1&amp;nbsp;million and $2&amp;nbsp;million for the three- and six-month periods ended
June&amp;nbsp;30, 2008. Consistent with SCE's 2009 GRC, no stock-based compensation
was capitalized in 2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Stock Options &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;A summary of the status of Edison
International stock options is as follows: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="47%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=41&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=32&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=53&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=51&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Weighted-Average &lt;/B&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Stock&lt;BR&gt;Options&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Exercise&lt;BR&gt;Price&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Remaining&lt;BR&gt;Contractual&lt;BR&gt;Term (Years)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Aggregate&lt;BR&gt;Intrinsic&lt;BR&gt;Value&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Outstanding at December&amp;nbsp;31,
    2008&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;13,441,835&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;34.22&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Granted&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;4,941,647&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;24.93&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Expired&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(30,997&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;40.39&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Forfeited&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(233,157&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;32.54&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Exercised&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(176,485&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;23.62&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Outstanding at June&amp;nbsp;30,
      2009&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;17,942,843&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;31.78&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;6.79&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Vested and expected to vest at June&amp;nbsp;30,
      2009&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;17,226,430&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;31.74&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;6.69&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;75,026,638&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Exercisable at June&amp;nbsp;30,
      2009&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;10,154,314&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;30.31&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;5.16&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;52,413,898&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The amount of cash used to settle
stock options exercised was $1&amp;nbsp;million and $27&amp;nbsp;million for the three
months ended June&amp;nbsp;30, 2009 and 2008, respectively, and was $6&amp;nbsp;million
and $40&amp;nbsp;million for the six months ended June&amp;nbsp;30, 2009 and 2008,
respectively. Cash received from options exercised was $1&amp;nbsp;million and
$13&amp;nbsp;million for the three months ended June&amp;nbsp;30, 2009 and 2008,
respectively, and was $4&amp;nbsp;million and $20&amp;nbsp;million for the six months
ended June&amp;nbsp;30, 2009 and 2008, respectively. The estimated tax benefit from
options exercised was less than $1&amp;nbsp;million and $5&amp;nbsp;million for the
three months ended June&amp;nbsp;30, 2009 and 2008, respectively, and was
$1&amp;nbsp;million and $8&amp;nbsp;million for the six months ended June&amp;nbsp;30, 2009
and 2008, respectively. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=19,FOLIO='24',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201D.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_25&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following is a summary of the
status of Edison International nonvested performance shares classified as equity
awards: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="71%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=51&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=46&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Performance&lt;BR&gt;Shares&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Weighted-&lt;BR&gt;Average&lt;BR&gt;Grant-Date&lt;BR&gt;Fair
    Value&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=7&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Nonvested at December&amp;nbsp;31,
    2008&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;175,177&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;49.95&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Granted&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;175,066&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;21.00&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Forfeited&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(10,706&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;31.16&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Paid out&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Nonvested at June&amp;nbsp;30,
      2009&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;339,537&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;35.36&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following is a summary of the
status of Edison International nonvested performance shares classified as
liability awards (the current portion is reflected in the caption "Other current
liabilities" and the long-term portion is reflected in "Pensions and benefits"
on the consolidated balance sheets): &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="71%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=51&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=46&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Performance&lt;BR&gt;Shares&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Weighted-&lt;BR&gt;Average&lt;BR&gt;Fair Value&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=7&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Nonvested at December&amp;nbsp;31,
    2008&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;175,177&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Granted&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;175,066&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Forfeited&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(10,706&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Paid out&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Nonvested at June&amp;nbsp;30,
      2009&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;339,537&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;20.39&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</eix:CompensationAndBenefitPlansTextBlock>
  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;6. Commitments and
Contingencies &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following is an update to Edison
International's commitments and contingencies. See Note&amp;nbsp;6 of "Notes to
Consolidated Financial Statements" included in Edison International's 2008
Annual Report on Form&amp;nbsp;10-K for a detailed discussion. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Lease Commitments
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International has operating
leases for power contracts and other operating leases for office space,
vehicles, property and other equipment (with varying terms, provisions and
expiration dates). SCE also has power purchase contracts which meet the
requirements for capital leases and are reflected in "Utility plant" on the
consolidated balance sheets. The gross amount of assets recorded in "Utility
plant" for capital leases was $25&amp;nbsp;million at both June&amp;nbsp;30, 2009 and
December&amp;nbsp;31, 2008. The asset carrying amount, net of amortization, was
$15&amp;nbsp;million and $16&amp;nbsp;million at June&amp;nbsp;30, 2009 and
December&amp;nbsp;31, 2008, respectively. The related obligations are reflected on
the consolidated balance sheets as "Other current liabilities" and "Other
deferred credits and other long-term liabilities." In addition, SCE has power
purchase contracts which meet the requirements for capital leases, but are not
reflected on the consolidated balance sheets since the lease terms begin in 2010
and 2011. There are no sublease rentals and the contingent rentals for capital
leases were less than $1&amp;nbsp;million for both the six months ended
June&amp;nbsp;30, 2009 and 2008. For additional discussion of these lease
commitments, see Note&amp;nbsp;1 and 6 of "Notes to Consolidated Financial
Statements" included in Edison International's 2008 &lt;!-- SEQ.=20,FOLIO='25',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201D.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_26&gt;&lt;/A&gt;Annual Report on Form&amp;nbsp;10-K. The following are
the estimated remaining commitments (the majority of "other operating leases"
are related to EME's long-term leases for the Illinois power facilities and
Homer City facilities) for noncancelable operating leases and all contracts that
meet the requirements for capital leases (whether or not recorded on the
consolidated balance sheets): &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="44%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=73&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=73&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=61&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Power Contracts&lt;BR&gt;Operating Leases&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Other&lt;BR&gt;Operating Leases&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Capital Leases&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=10&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=8&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Year ending
    December&amp;nbsp;31,&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;2009 (remaining six months)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;435&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;176&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;2010&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;626&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;404&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;37&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;2011&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;498&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;378&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;120&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;2012&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;361&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;369&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;120&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;2013&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;356&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;357&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;120&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Thereafter&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,186&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,178&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,526&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=10&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total future commitments&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;4,462&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;3,862&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2,926&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amount representing executory
    costs&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(710&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Amount representing interest&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(994&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=10&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Net commitments&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;4,462&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;3,862&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,222&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=10&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The minimum commitments above do not
include EME's contingent rentals with respect to the wind projects which may be
paid under certain leases on the basis of a percentage of sales calculation if
this is in excess of the stipulated minimum amount. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Operating lease expense was
$127&amp;nbsp;million and $133&amp;nbsp;million for the three months ended June&amp;nbsp;30,
2009 and 2008, respectively, and was $236&amp;nbsp;million and $244&amp;nbsp;million for
the six months ended June&amp;nbsp;30, 2009 and 2008, respectively. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Other Commitments
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;At June&amp;nbsp;30, 2009, EME's
subsidiaries had firm commitments to spend approximately $110&amp;nbsp;million
during the remainder of 2009 and $14&amp;nbsp;million in 2010 on capital and
construction expenditures. The majority of these expenditures relate to the
construction of wind projects and non-environmental improvements at both the
Illinois Plants and the Homer City facilities. These expenditures are planned to
be financed by cash on hand and cash generated from operations. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;EME had entered into various turbine
supply agreements with vendors to support its wind development efforts. At
June&amp;nbsp;30, 2009, EME had secured the rights to 484 wind turbines (942 MW) for
use in future projects for an aggregate purchase price of $1.2&amp;nbsp;billion,
with remaining commitments of $596&amp;nbsp;million in 2009 and $242&amp;nbsp;million in
2010. At June&amp;nbsp;30, 2009, EME had recorded wind turbine deposits of
$410&amp;nbsp;million, included in other long-term assets on its consolidated
balance sheet. EME has executed non-binding letter agreements with two of its
vendors to provide vendor financing. EME and such vendors are in the process of
negotiating definitive agreements based on the non-binding letter agreements,
but there is no assurance that final binding agreements will be executed or
executed on terms that conform to the letter agreements. If definitive
agreements are executed substantially in accordance with the terms of the letter
agreements, turbine commitments would be reduced to approximately
$191&amp;nbsp;million in 2009, $229&amp;nbsp;million in 2010, and $210&amp;nbsp;million in
2011, and the remaining $206&amp;nbsp;million due based on specified conditions
(expected during the time period of 2011 and 2014). &lt;!-- SEQ.=21,FOLIO='26',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201D.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_27&gt;&lt;/A&gt;These commitments would be further reduced during
this period if a third turbine supplier agrees to provide vendor financing.
Furthermore, EME can elect under the existing turbine supply agreement with this
supplier to terminate the agreement for convenience which would further reduce
turbine commitments to $9&amp;nbsp;million in 2009 and $49&amp;nbsp;million in 2010 (in
such case, EME would write off approximately $90&amp;nbsp;million in previously made
non-refundable deposits). &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;At June&amp;nbsp;30, 2009, Midwest
Generation and EME Homer City had fuel purchase commitments with various
third-party suppliers for the purchase of coal. Based on the contract
provisions, which consist of fixed prices subject to adjustment clauses, these
minimum commitments are currently estimated to aggregate $417&amp;nbsp;million,
summarized as follows: remainder of 2009&amp;nbsp;&amp;#150; $230&amp;nbsp;million, 2010&amp;nbsp;&amp;#150;
$177&amp;nbsp;million, and 2011&amp;nbsp;&amp;#150; $10&amp;nbsp;million. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In July 2009, Midwest Generation
entered into additional contractual agreements for the purchase of coal. These
commitments, together with the estimated transportation costs under the existing
agreements through 2011, are currently estimated to be $136&amp;nbsp;million for
2010, $264&amp;nbsp;million for 2011 and $134&amp;nbsp;million for 2012. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;During the second quarter of 2009,
SCE extended its power purchase agreement with Midway Sunset which resulted in
additional commitments estimated to be: remainder of 2009&amp;nbsp;&amp;#150;
$13&amp;nbsp;million, 2010&amp;nbsp;&amp;#150;&amp;nbsp;$18&amp;nbsp;million, 2011&amp;nbsp;&amp;#150;
$18&amp;nbsp;million, 2012&amp;nbsp;&amp;#150; $18&amp;nbsp;million and thereafter&amp;nbsp;&amp;#150;
$129&amp;nbsp;million. See Note&amp;nbsp;12 for additional information related to the
terms of the extended agreement. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Guarantees and Indemnities
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International's subsidiaries
have various financial and performance guarantees and indemnifications which are
issued in the normal course of business. As discussed below, these contracts
included performance guarantees, guarantees of debt and indemnifications.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Tax Indemnity Agreements
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In connection with the sale-leaseback
transactions related to the Homer City facilities in Pennsylvania, the Powerton
and Joliet Stations in Illinois and, previously, the Collins Station in
Illinois, EME and several of its subsidiaries entered into tax indemnity
agreements. Although the Collins Station lease terminated in April 2004, Midwest
Generation's tax indemnity agreement with the former lease equity investor is
still in effect. Under these tax indemnity agreements, these entities agreed to
indemnify the lessors in the sale-leaseback transactions for specified adverse
tax consequences that could result in certain situations set forth in each tax
indemnity agreement, including specified defaults under the respective leases.
The potential indemnity obligations under these tax indemnity agreements could
be significant. Due to the nature of these potential obligations, EME cannot
determine a maximum potential liability which would be triggered by a valid
claim from the lessors. EME has not recorded a liability related to these
indemnities. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Indemnities Provided as Part of
the Acquisition of the Illinois Plants &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In connection with the acquisition of
the Illinois Plants, EME agreed to indemnify Commonwealth Edison with respect to
specified environmental liabilities before and after December&amp;nbsp;15, 1999, the
date of sale. The indemnification claims are reduced by any insurance proceeds
and tax benefits related to such claims and are subject to a requirement that
Commonwealth Edison takes all reasonable steps to mitigate losses related to any
such indemnification claim. Due to the nature of the obligation under this
indemnity, a maximum potential liability cannot be determined. This
indemnification for environmental &lt;!-- SEQ.=22,FOLIO='27',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201D.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_28&gt;&lt;/A&gt;liabilities is not limited in term and would be
triggered by a valid claim from Commonwealth Edison. Commonwealth Edison has
advised EME that Commonwealth Edison believes it is entitled to indemnification
for all liabilities, costs, and expenses that it may be required to bear as a
result of the NOV discussed below under "&amp;#151;Contingencies&amp;#151;Midwest Generation New
Source Review Notice of Violation" and potential litigation by private groups
related to the NOV. Except as discussed below, EME has not recorded a liability
related to the environmental indemnity specified in the acquisition agreement.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Midwest Generation entered into a
supplemental agreement with Commonwealth Edison and Exelon Generation
Company,&amp;nbsp;LLC on February&amp;nbsp;20, 2003 to resolve a dispute regarding
interpretation of its reimbursement obligation for asbestos claims under the
environmental indemnities set forth in the Asset Sale Agreement. Under this
supplemental agreement, Midwest Generation agreed to reimburse Commonwealth
Edison and Exelon Generation for 50% of specific asbestos claims pending as of
February 2003 and related expenses less recovery of insurance costs, and agreed
to a sharing arrangement for liabilities and expenses associated with future
asbestos-related claims as specified in the agreement. As a general matter,
Commonwealth Edison and Midwest Generation apportion responsibility for future
asbestos-related claims based upon the number of exposure sites that are
Commonwealth Edison locations or Midwest Generation locations. The obligations
under this agreement are not subject to a maximum liability. The supplemental
agreement had an initial five-year term with an automatic renewal provision for
subsequent one-year terms (subject to the right of either party to terminate);
pursuant to the automatic renewal provision, it has been extended until February
2010. There were approximately 214 cases for which Midwest Generation was
potentially liable and that had not been settled and dismissed at June&amp;nbsp;30,
2009. Midwest Generation had recorded a $51&amp;nbsp;million liability at
June&amp;nbsp;30, 2009 related to this matter. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The amounts recorded by Midwest
Generation for the asbestos-related liability are based upon a number of
assumptions. Future events, such as the number of new claims to be filed each
year, the average cost of disposing of claims, as well as the numerous
uncertainties surrounding asbestos litigation in the United States, could cause
the actual costs to be higher or lower than projected. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Indemnity Provided as Part of the
Acquisition of the Homer City Facilities &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In connection with the acquisition of
the Homer City facilities, EME Homer City agreed to indemnify the sellers with
respect to specific environmental liabilities before and after the date of sale.
Payments would be triggered under this indemnity by a valid claim from the
sellers. EME guaranteed the obligations of EME Homer City. Due to the nature of
the obligation under this indemnity provision, it is not subject to a maximum
potential liability and does not have an expiration date. For discussion of the
NOV received by EME Homer City and associated indemnity claims, see
"&amp;#151;Contingencies&amp;#151;EME Homer City New Source Review Notice of Violation." EME has
not recorded a liability related to this indemnity. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Indemnities Provided under Asset
Sale Agreements &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The asset sale agreements for the
sale of EME's international assets contain indemnities from EME to the
purchasers, including indemnification for taxes imposed with respect to
operations of the assets prior to the sale and for pre-closing environmental
liabilities. Not all indemnities under the asset sale agreements have specific
expiration dates. Payments would be triggered under these indemnities by valid
claims from the sellers or purchasers, as the case may be. At June&amp;nbsp;30,
2009, EME had recorded a liability of $97&amp;nbsp;million (of which
$52&amp;nbsp;million is classified as a current liability) related to these matters.
&lt;!-- SEQ.=23,FOLIO='28',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201E.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_28&gt;&lt;/A&gt;In connection with the sale of various domestic
assets, EME has from time to time provided indemnities to the purchasers for
taxes imposed with respect to operations of the asset prior to the sale. EME has
also provided indemnities to purchasers for items specified in each agreement
(for example, specific pre-existing litigation matters and/or environmental
conditions). Due to the nature of the obligations under these indemnity
agreements, a maximum potential liability cannot be determined. Not all
indemnities under the asset sale agreements have specific expiration dates.
Payments would be triggered under these indemnities by valid claims from the
sellers or purchasers, as the case may be. At June&amp;nbsp;30, 2009, EME had
recorded a liability of $3&amp;nbsp;million related to these matters. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Indemnity Provided as Part of the
Acquisition of Mountainview &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In connection with the acquisition of
Mountainview, SCE agreed to indemnify the seller with respect to specific
environmental claims related to SCE's previously owned San Bernardino Generating
Station, divested by SCE in 1998 and reacquired as part of the Mountainview
acquisition. SCE retained certain responsibilities with respect to environmental
claims as part of the original divestiture of the station. The aggregate
liability for either party to the purchase agreement for damages and other
amounts is a maximum of $60&amp;nbsp;million. This indemnification for environmental
liabilities expires on or before March&amp;nbsp;12, 2033. SCE has not recorded a
liability related to this indemnity. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Mountainview Filter Cake Indemnity
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Mountainview owns and operates a
power plant in Redlands, California. The plant utilizes water from on-site
groundwater wells and City of Redlands (City) recycled water for cooling
purposes. Unrelated to the operation of the plant, this water contains
perchlorate. The pumping of the water removes perchlorate from the aquifer
beneath the plant and concentrates it in the plant's wastewater treatment
"filter cake." Use of this impacted groundwater for cooling purposes was
mandated by Mountainview's California Energy Commission permit. Mountainview has
indemnified the City for cleanup or associated actions related to groundwater
contaminated by perchlorate due to the disposal of filter cake at the City's
solid waste landfill. The obligations under this agreement are not limited to a
specific time period or subject to a maximum liability. SCE has not recorded a
liability related to this guarantee. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Other Edison International
Indemnities &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International provides other
indemnifications through contracts entered into in the normal course of
business. These are primarily indemnifications against adverse litigation
outcomes in connection with underwriting agreements, and specified environmental
indemnities and income taxes with respect to assets sold. Edison International's
obligations under these agreements may be limited in terms of time and/or
amount, and in some instances Edison International may have recourse against
third parties for certain indemnities. The obligated amounts of these
indemnifications often are not explicitly stated, and the overall maximum amount
of the obligation under these indemnifications cannot be reasonably estimated.
Edison International has not recorded a liability related to these indemnities.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Contingencies
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In addition to the matters disclosed
in these Notes, Edison International is involved in other legal, tax and
regulatory proceedings before various courts and governmental agencies regarding
matters arising in the ordinary course of business. Edison International
believes the outcome of these other proceedings will not materially affect its
results of operations, financial position or liquidity. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=24,FOLIO='28',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201E.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_29&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;EME Homer City New Source Review
Notice of Violation &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;On June&amp;nbsp;12, 2008, EME Homer City
received an NOV from the US EPA alleging that, beginning in 1988, EME Homer City
(or former owners of the Homer City facilities) performed repair or replacement
projects at Homer City Units 1 and 2 without first obtaining construction
permits as required by the Prevention of Significant Deterioration requirements
of the CAA. The US EPA also alleges that EME Homer City has failed to file
timely and complete Title V permits. The NOV does not specify the penalties or
other relief that the US EPA seeks for the alleged violations. On June&amp;nbsp;30,
2009, the US EPA issued a request for information to EME Homer City under
Section&amp;nbsp;114 of the CAA. EME Homer City is working on a response to the
request. EME Homer City has met with the US EPA and has expressed its intent to
explore the possibility of a settlement. If no settlement is reached and the DOJ
files suit, litigation could take many years to resolve the issues alleged in
the NOV. EME Homer City cannot predict the outcome of this matter or estimate
the impact on its facilities, its results of operations, financial position or
cash flows. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;EME Homer City has sought
indemnification for liability and defense costs associated with the NOV from the
sellers under the asset purchase agreement pursuant to which EME Homer City
acquired the Homer City facilities. The sellers responded by denying the
indemnity obligation, but accepting a portion of defense costs related to the
claims. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;EME Homer City notified the
sale-leaseback owner participants of the Homer City facilities of the NOV under
the operative indemnity provisions of the sale-leaseback documents. The owner
participants of the Homer City facilities, in turn, have sought indemnification
and defense from EME Homer City for costs and liability associated with the EME
Homer City NOV. EME Homer City responded by undertaking the indemnity obligation
and defense of the claims. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Environmental Remediation
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International is subject to
numerous environmental laws and regulations, which require it to incur
substantial costs to operate existing facilities, construct and operate new
facilities, and mitigate or remove the effect of past operations on the
environment. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Possible future developments, such as
the enactment of more stringent environmental laws and regulations, could affect
the costs and the manner in which business is conducted and could cause
substantial additional capital expenditures. There is no assurance that
additional costs would be recovered from customers or that Edison
International's results of operations, financial position or cash flow would not
be materially affected. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International records its
environmental remediation liabilities when site assessments and/or remedial
actions are probable and a range of reasonably likely cleanup costs can be
estimated. Edison International reviews its sites and measures the liability
quarterly, by assessing a range of reasonably likely costs for each identified
site using currently available information, including existing technology,
presently enacted laws and regulations, experience gained at similar sites, and
the probable level of involvement and financial condition of other potentially
responsible parties. These estimates include costs for site investigations,
remediation, operations and maintenance, monitoring and site closure. Unless
there is a probable amount, Edison International records the lower end of this
reasonably likely range of costs (classified as "Other long-term liabilities")
at undiscounted amounts. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As of June&amp;nbsp;30, 2009, Edison
International's recorded estimated minimum liability to remediate its 30
identified sites at SCE (24 sites) and EME (6 sites primarily related to Midwest
Generation) was &lt;!-- SEQ.=25,FOLIO='29',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201E.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_30&gt;&lt;/A&gt;$43&amp;nbsp;million, $39&amp;nbsp;million of which was
related to SCE including $6&amp;nbsp;million related to San Onofre. Edison
International's other subsidiaries have no identified remediation sites. The
ultimate costs to clean up Edison International's identified sites may vary from
its recorded liability due to numerous uncertainties inherent in the estimation
process, such as: the extent and nature of contamination; the scarcity of
reliable data for identified sites; the varying costs of alternative cleanup
methods; developments resulting from investigatory studies; the possibility of
identifying additional sites; and the time periods over which site remediation
is expected to occur. Edison International believes that, due to these
uncertainties, it is reasonably possible that cleanup costs could exceed its
recorded liability by up to $178&amp;nbsp;million, all of which is related to SCE.
The upper limit of this range of costs was estimated using assumptions least
favorable to Edison International among a range of reasonably possible outcomes.
In addition to its identified sites (sites in which the upper end of the range
of costs is at least $1&amp;nbsp;million), SCE also has 31 immaterial sites whose
total liability ranges from $4&amp;nbsp;million (the recorded minimum liability) to
$10&amp;nbsp;million. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The CPUC allows SCE to recover 90% of
its environmental remediation costs at certain sites, representing
$29&amp;nbsp;million of its recorded liability, through an incentive mechanism (SCE
may request to include additional sites). Under this mechanism, SCE will recover
90% of cleanup costs through customer rates; shareholders fund the remaining
10%, with the opportunity to recover these costs from insurance carriers and
other third parties. SCE has successfully settled insurance claims with all
responsible carriers. SCE expects to recover costs incurred at its remaining
sites through customer rates. SCE has recorded a regulatory asset of
$39&amp;nbsp;million for its estimated minimum environmental-cleanup costs expected
to be recovered through customer rates. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International's identified
sites include several sites for which there is a lack of currently available
information, including the nature and magnitude of contamination, and the
extent, if any, that Edison International may be held responsible for
contributing to any costs incurred for remediating these sites. Thus, no
reasonable estimate of cleanup costs can be made for these sites. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE expects to clean up its
identified sites over a period of up to 30&amp;nbsp;years. Remediation costs in each
of the next several years are expected to range from $11&amp;nbsp;million to
$30&amp;nbsp;million. Recorded costs were $2&amp;nbsp;million and $7&amp;nbsp;million for
the three months ended June&amp;nbsp;30, 2009 and 2008, respectively, and were
$5&amp;nbsp;million and $10&amp;nbsp;million for the six months ended June&amp;nbsp;30, 2009
and 2008, respectively. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Based on currently available
information, Edison International believes it is unlikely that it will incur
amounts in excess of the upper limit of the estimated range for its identified
sites and, based upon the CPUC's regulatory treatment of environmental
remediation costs incurred at SCE, Edison International believes that costs
ultimately recorded will not materially affect its results of operations,
financial position or cash flow. There can be no assurance, however, that future
developments, including additional information about existing sites or the
identification of new sites, will not require material revisions to such
estimates. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Federal and State Income Taxes
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International remains subject
to examination by the IRS for tax years 2003 to present. As discussed in the
section "Global Settlement" in Note&amp;nbsp;4, the Global Settlement was finalized
on May&amp;nbsp;5, 2009 and effectively closed the examination for tax years
1986&amp;nbsp;&amp;#150;&amp;nbsp;2002 and resolved federal tax disputes related to Edison
Capital's cross-border, leveraged leases in their entirety. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=26,FOLIO='30',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201E.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_31&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;2009 FERC Rate Case
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;On March&amp;nbsp;1, 2009, SCE
implemented, subject to refund, proposed revisions to its base transmission
rates initially accepted by the FERC. SCE and the parties to the FERC rate case
reached a settlement on the 2009 base transmission rates and on July&amp;nbsp;1,
2009, SCE filed the proposed settlement. The settlement provides for a revenue
requirement of $448&amp;nbsp;million, which increases SCE's revenue requirement by
$136&amp;nbsp;million over the previously authorized base transmission revenue
requirement. SCE expects that the FERC will issue an order approving the
proposed settlement during the third quarter of 2009. If approved by the FERC,
the proposed settlement rates will become retroactively effective as of
March&amp;nbsp;1, 2009. As of June&amp;nbsp;30, 2009, SCE had collected revenue, subject
to refund, of $21&amp;nbsp;million that, upon final approval of the settlement
agreement, will be refunded to ratepayers. SCE did not recognize this refund in
revenue and implementation of the settlement agreement will not impact earnings.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;FERC Transmission Incentives
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The Energy Policy Act of 2005
established incentive-based rate treatments for the transmission of electric
energy in interstate commerce by public utilities. Pursuant to this act, in
November 2007, the FERC issued an order granting incentives on three of SCE's
largest proposed transmission projects. These include an incentive above SCE's
otherwise-authorized return on equity of 125 basis points for SCE's DPV2 and
Tehachapi transmission projects and 75 basis points for SCE's Rancho Vista
Substation Project ("Rancho Vista"), as well as 50 basis points on SCE's cost of
capital for its entire transmission rate base for SCE's participation in the
CAISO. In addition, the order on incentives permits SCE to include in rate base
100% of prudently-incurred capital expenditures during construction, also known
as CWIP, of all three projects mentioned above and 100% recovery of
prudently-incurred abandoned plant costs for DPV2 and Tehachapi, if either or
both of these projects are cancelled due to factors beyond SCE's control. The
CPUC is appealing the FERC incentives order at the DC Circuit Court of Appeals
but the appeal has been deferred until a final FERC order is issued in the 2008
CWIP case. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;FERC Construction Work in Progress
Mechanism (CWIP) &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;2008 CWIP&lt;/U&gt; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In February 2008, the FERC approved,
subject to refund, SCE's revision to its tariff to collect 100% of CWIP in rate
base for its Tehachapi, DPV2, and Rancho Vista projects, as authorized by FERC
in its transmission incentives order discussed above which resulted in base
transmission revenue billed of $37&amp;nbsp;million. In March 2008, the CPUC filed a
petition for rehearing with the FERC on the FERC's acceptance of SCE's proposed
ROE for CWIP and in another 2008 protest to an SCE compliance filing, requested
an evidentiary hearing to be set to further review SCE's costs. SCE cannot
predict the outcome of the matters in this proceeding. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;U&gt;2009 CWIP&lt;/U&gt; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In December 2008, the FERC approved
SCE's CWIP rate adjustment which resulted in a CWIP revenue requirement of
$39&amp;nbsp;million, effective on January&amp;nbsp;1, 2009, subject to refund as well
as subject to the outcome of the pending 2008 FERC CWIP proceeding. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Four Corners CPUC Emissions
Performance Standard Ruling &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The emission performance standards
adopted by the CPUC and CEC pursuant to SB 1368 prohibit SCE and other
California load-serving entities from entering into long-term financial
commitments with &lt;!-- SEQ.=27,FOLIO='31',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201E.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_32&gt;&lt;/A&gt;generators that do not meet the emission performance
standards, which would include most coal-fired plants. In January 2008, SCE
filed a petition with the CPUC seeking clarification that the emission
performance standard would not apply to capital expenditures required by
existing agreements among the owners at Four Corners. The CPUC issued a proposed
decision finding that the emission performance standard was not intended to
apply to capital expenditures at Four Corners requested by SCE in its GRC for
the period 2007&amp;nbsp;&amp;#150;&amp;nbsp;2011. In October 2008, the Assigned Commissioner and
Administrative Law Judge issued a ruling withdrawing the proposed decision and
seeking additional comment on whether the finding in the proposed decision
should be changed and whether SCE should be allowed to recover such capital
expenditures. SCE estimates that its share of capital expenditures approved by
the owners at Four Corners since the GHG emission performance standard decision
was issued in January 2007 is approximately $43&amp;nbsp;million, of which
approximately $10&amp;nbsp;million had been expended through June&amp;nbsp;30, 2009. The
ruling also directs SCE to explain why certain information was not included in
its petition and why the failure to include such information should not be
considered misleading in violation of CPUC rules. SCE cannot predict whether any
amounts will be disallowed. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;ISO Disputed Charges
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The FERC issued an order that has
been subject to continuing legal proceedings concerning a dispute between the
ISO and the cities of Anaheim, Azusa, Banning, Colton and Riverside, California
over the proper allocation and characterization of certain transmission service
related charges. On July&amp;nbsp;16, 2009, the FERC issued an order, subject to
appeal, denying a request for rehearing made by the cities and reaffirmed its
previous decision that certain transmission service related charges should be
allocated to the cities. The cities have 60&amp;nbsp;days to file an appeal. If a
subsequent regulatory decision changes the allocation of responsibility for
these charges and SCE is required to pay these charges as a transmission owner,
estimated to be a net amount of approximately $20&amp;nbsp;million to
$25&amp;nbsp;million, including interest, SCE may seek recovery in its reliability
service rates. SCE cannot predict either the outcome of any appeal or whether
recovery of these charges in its reliability service rates would be permitted in
rates if SCE is required to pay these charges. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Leveraged Lease Investments
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;At June&amp;nbsp;30, 2009, Edison Capital
had a net leveraged lease investment, before deferred taxes, of $47&amp;nbsp;million
in three aircraft leased to American Airlines. American Airlines reported net
losses in the first and second quarters of 2009 and previously reported losses
for 2008. A default in the leveraged lease by American Airlines could result in
a loss of some or all of Edison Capital's lease investment. At June&amp;nbsp;30,
2009, American Airlines was current in its lease payments to Edison Capital.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Midwest Generation New Source
Review Notice of Violation &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;On August&amp;nbsp;3, 2007, Midwest
Generation received an NOV from the US EPA alleging that, beginning in the early
1990s and into 2003, Midwest Generation or Commonwealth Edison performed repair
or replacement projects at six Illinois coal-fired electric generating stations
in violation of the Prevention of Significant Deterioration requirements and of
the New Source Performance Standards of the CAA, including alleged requirements
to obtain a construction permit and to install best available control technology
at the time of the projects. The US EPA also alleges that Midwest Generation and
Commonwealth Edison violated certain operating permit requirements under
Title&amp;nbsp;V of the CAA. Finally, the US EPA alleges violations of certain
opacity and particulate matter standards at the Illinois Plants. The NOV does
not specify the penalties or other relief that the US EPA seeks for the alleged
violations. Midwest Generation, Commonwealth Edison, the US EPA, and the DOJ are
in talks &lt;!-- SEQ.=28,FOLIO='32',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201E.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_33&gt;&lt;/A&gt;designed to explore the possibility of a settlement.
If the settlement talks fail and the DOJ files suit, litigation could take many
years to resolve the issues alleged in the NOV. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;On August&amp;nbsp;13, 2007, Midwest
Generation and Commonwealth Edison received a letter signed by several
Chicago-based environmental action groups stating that, in light of the NOV, the
groups are examining the possibility of filing a citizen suit against Midwest
Generation and Commonwealth Edison based presumably on the same or similar
theories advanced by the US EPA in the NOV. On July&amp;nbsp;28, 2009, Midwest
Generation received a sixty-day Notice of Intent to Sue signed by the same
groups, stating their intent to file&amp;nbsp;a citizen suit alleging exceedances of
CAA opacity limits and violations of permit requirements related to monitoring
and reporting. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;By letter dated August&amp;nbsp;8, 2007,
Commonwealth Edison advised EME that Commonwealth Edison believes it is entitled
to indemnification for all liabilities, costs, and expenses that it may be
required to bear as a result of the NOV. By letter dated August&amp;nbsp;16, 2007,
Commonwealth Edison tendered a request for indemnification to EME for all
liabilities, costs, and expenses that Commonwealth Edison may be required to
bear if the environmental groups were to file suit. Midwest Generation and
Commonwealth Edison are cooperating with one another in responding to the NOV.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Midwest Generation cannot predict the
outcome of these matters or estimate the impact on its facilities, its results
of operations, financial position or cash flows. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Navajo Nation Litigation
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The Navajo Nation filed a complaint
in June 1999 against SCE, among other defendants, arising out of the coal supply
agreement for Mohave. The complaint asserts claims for, among other things,
violations of the federal RICO statute, interference with fiduciary duties and
contractual relations, fraudulent misrepresentations by nondisclosure, and
various contract-related claims. The complaint claims that the defendants'
actions prevented the Navajo Nation from obtaining the full value in royalty
rates for the coal supplied to Mohave. The complaint seeks damages of not less
than $600&amp;nbsp;million, trebling of that amount, and punitive damages of not
less than $1&amp;nbsp;billion. In March 2001, the Hopi Tribe was permitted to
intervene as an additional plaintiff but has not yet identified a specific
amount of damages claimed. The case was stayed at the request of the parties in
October 2004, but was reinstated to the active calendar in March 2008. In April
2009, in a related case filed in December 1993 against the U.S. Government, the
U.S. Supreme Court found that the Navajo Nation did not have a claim for
compensation. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE cannot predict the outcome of the
Tribes' complaints against SCE or the ultimate impact of the April 2009 U.S.
Supreme Court decision on these complaints. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Nuclear Insurance &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Federal law limits public liability
claims from a nuclear incident to the amount of available financial protection,
which is currently approximately $12.5&amp;nbsp;billion. SCE and other owners of San
Onofre and Palo Verde have purchased the maximum private primary insurance
available ($300&amp;nbsp;million). The balance is covered by the industry's
retrospective rating plan that uses deferred premium charges to every reactor
licensee if a nuclear incident at any licensed reactor in the United States
results in claims and/or costs which exceed the primary insurance at that plant
site. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Federal regulations require this
secondary level of financial protection. The NRC exempted San Onofre Unit 1 from
this secondary level, effective June 1994. Beginning October&amp;nbsp;29, 2008, the
maximum &lt;!-- SEQ.=29,FOLIO='33',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201E.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_34&gt;&lt;/A&gt;deferred premium for each nuclear incident is
approximately $118&amp;nbsp;million per reactor, but not more than approximately
$18&amp;nbsp;million per reactor may be charged in any one year for each incident.
The maximum deferred premium per reactor and the yearly assessment per reactor
for each nuclear incident is adjusted for inflation at least once every five
years. The most recent inflation adjustment took effect on October&amp;nbsp;29,
2008. Based on its ownership interests, SCE could be required to pay a maximum
of approximately $235&amp;nbsp;million per nuclear incident. However, it would have
to pay no more than approximately $35&amp;nbsp;million per incident in any one year.
Such amounts include a 5% surcharge if additional funds are needed to satisfy
public liability claims and are subject to adjustment for inflation. If the
public liability limit above is insufficient, federal law contemplates that
additional funds may be appropriated by Congress. This could include an
additional assessment on all licensed reactor operators as a measure for raising
further federal revenue. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Property damage insurance covers
losses up to $500&amp;nbsp;million, including decontamination costs, at San Onofre
and Palo Verde. Decontamination liability and property damage coverage exceeding
the primary $500&amp;nbsp;million also has been purchased in amounts greater than
federal requirements. Additional insurance covers part of replacement power
expenses during an accident-related nuclear unit outage. A mutual insurance
company owned by utilities with nuclear facilities issues these policies. If
losses at any nuclear facility covered by the arrangement were to exceed the
accumulated funds for these insurance programs, SCE could be assessed
retrospective premium adjustments of up to approximately $45&amp;nbsp;million per
year. Insurance premiums are charged to operating expense. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Procurement of Renewable Resources
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;California law requires SCE to
increase its procurement of renewable resources by at least 1% of its annual
retail electricity sales per year so that 20% of its annual electricity sales
are procured from renewable resources by no later than December&amp;nbsp;31, 2010.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;It is unlikely that SCE will have 20%
of its annual electricity sales procured from renewable resources by 2010.
However, SCE may still meet the 20% target by utilizing the flexible compliance
rules, such as banking of past surplus and earmarking of future deliveries from
executed contracts. SCE continues to engage in several renewable procurement
activities including formal solicitations approved by the CPUC, bilateral
negotiations with individual projects and other initiatives. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Under current CPUC decisions,
potential penalties for SCE's inability to achieve its renewable procurement
objectives for any year will be considered by the CPUC in the context of the
CPUC's review of SCE's annual compliance filings. Under the CPUC's current
rules, the maximum penalty for inability to achieve renewable procurement
targets is $25&amp;nbsp;million per year. SCE does not believe it will be assessed
penalties for 2008 or the prior years and cannot predict whether it will be
assessed penalties for future years. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;RPM Buyers' Complaint
&lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;On May&amp;nbsp;30, 2008, a group of
entities referring to themselves as the "RPM Buyers" filed a complaint at the
FERC asking that PJM's RPM, as implemented through the transitional base
residual auctions establishing capacity payments for the period from
June&amp;nbsp;1, 2008 through May&amp;nbsp;31, 2011, be found to have produced unjust
and unreasonable capacity prices. On September&amp;nbsp;19, 2008, the FERC dismissed
the RPM Buyers' complaint, finding that the RPM Buyers had failed to allege or
prove that any party violated PJM's tariff and market rules, and that the prices
determined during the transition period were determined in accordance with PJM's
FERC-approved tariff. On October&amp;nbsp;20, 2008, the RPM Buyers &lt;!-- SEQ.=30,FOLIO='34',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201E.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_35&gt;&lt;/A&gt;requested rehearing of the FERC's order dismissing
their complaint. On June&amp;nbsp;18, 2009, the FERC denied rehearing of the order.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;I&gt;Spent Nuclear Fuel &lt;/I&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Under federal law, the DOE is
responsible for the selection and construction of a facility for the permanent
disposal of spent nuclear fuel and high-level radioactive waste. The DOE did not
meet its contractual obligation to begin acceptance of spent nuclear fuel by
January&amp;nbsp;31, 1998. It is not certain when the DOE will begin accepting spent
nuclear fuel from San Onofre or other nuclear power plants. Extended delays by
the DOE have led to the construction of costly alternatives and associated
siting and environmental issues. SCE has paid the DOE the required one-time fee
applicable to nuclear generation at San Onofre (approximately $24&amp;nbsp;million,
plus interest). SCE has also been paying a required quarterly fee equal to 0.1&amp;#162;
per-kWh of nuclear-generated electricity sold after April&amp;nbsp;6, 1983. On
January&amp;nbsp;29, 2004, SCE, as operating agent, filed a complaint against the
DOE in the United States Court of Federal Claims seeking damages for the DOE's
failure to meet its obligation to begin accepting spent nuclear fuel from San
Onofre. The trial was completed in April 2009. SCE cannot predict the outcome of
this proceeding or when a decision will be issued by the Court. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE has primary responsibility for
the interim storage of spent nuclear fuel generated at San Onofre. Such interim
storage for San Onofre is on-site. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;APS, as operating agent, has primary
responsibility for the interim storage of spent nuclear fuel at Palo Verde. Palo
Verde plans to add storage capacity incrementally to maintain full core off-load
capability for all three units. In order to increase on-site storage capacity
and maintain core off-load capability, Palo Verde has constructed an independent
spent fuel storage facility. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
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&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;7. Consolidated
Statement of Changes in Equity &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table provides the
changes in equity for the six months ended June&amp;nbsp;30, 2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="33%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=57&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=30&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=20&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=39&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=31&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=11&gt;&lt;FONT size=2&gt;&lt;B&gt;Equity Attributable to Edison
      International &lt;/B&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Noncontrolling Interests
    &lt;/B&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Common&lt;BR&gt;Stock&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Accumulated&lt;BR&gt;Other&lt;BR&gt;Comprehensive&lt;BR&gt;Income&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Retained&lt;BR&gt;Earnings&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Subtotal&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Other&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Preferred&lt;BR&gt;and&lt;BR&gt;Preference&lt;BR&gt;Stock&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Total&lt;BR&gt;Equity&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=22&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=20&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Balance at December&amp;nbsp;31, 2008&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,272&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;167&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;7,078&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;9,517&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;285&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;907&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;10,709&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
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      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;234&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;16&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;25&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;275&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;37&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;37&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;37&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
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      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Proceeds from stock option
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Noncash stock-based compensation and
      other&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(7&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Excess tax benefits related to stock-based
      awards&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Balance at June&amp;nbsp;30,
    2009&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2,285&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;204&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;7,101&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;9,590&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;275&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;907&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;10,772&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=31,FOLIO='35',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201E.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_36&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table provides the
changes in equity for the six months ended June&amp;nbsp;30, 2008: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="34%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=57&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=30&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=20&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=39&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=6&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=4&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=27&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=11&gt;&lt;FONT size=2&gt;&lt;B&gt;Equity Attributable to Edison
      International &lt;/B&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Noncontrolling Interests
    &lt;/B&gt;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Common&lt;BR&gt;Stock&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Accumulated&lt;BR&gt;Other&lt;BR&gt;Comprehensive&lt;BR&gt;Loss&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Retained&lt;BR&gt;Earnings&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Subtotal&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Other&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Preferred&lt;BR&gt;and&lt;BR&gt;Preference&lt;BR&gt;Stock&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Total&lt;BR&gt;Equity&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=22&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=20&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Balance at December&amp;nbsp;31, 2007&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,225&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(92&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;6,311&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;8,444&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;295&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;915&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;9,654&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Net income&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;559&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;559&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;30&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;25&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;614&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Other comprehensive loss&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(323&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(323&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(323&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Common stock dividends declared ($&amp;nbsp;0.61
      per share)&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(199&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(199&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(199&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Preferred stock redeemed, net of
    gain&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(8&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(11&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(25&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(36&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Shares purchased for stock-based
      compensation&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(51&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(51&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(51&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Proceeds from stock option
    exercises&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;20&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;20&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;20&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Noncash stock-based compensation and
      other&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;15&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(11&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Excess tax benefits related to stock-based
      awards&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;11&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;11&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;11&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Balance at June&amp;nbsp;30,
    2008&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2,253&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(415&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;6,629&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;8,467&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;314&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;907&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;9,688&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=22&gt;&amp;nbsp;&lt;/TD&gt;
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&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;8. Accumulated Other
Comprehensive Income &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International's accumulated
other comprehensive income consists of: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
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    &lt;TD style="FONT-FAMILY: times" align=left width="35%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=47&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=47&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=30&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=30&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=63&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Unrealized&lt;BR&gt;Gains on&lt;BR&gt;Cash Flow&lt;BR&gt;Hedges&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Foreign&lt;BR&gt;Currency&lt;BR&gt;Translation&lt;BR&gt;Adjustment&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Pension&lt;BR&gt;and&lt;BR&gt;PBOP&amp;#150;&lt;BR&gt;Net&lt;BR&gt;Gain&lt;BR&gt;(Loss)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Pension&lt;BR&gt;and&lt;BR&gt;PBOP&amp;#150;&lt;BR&gt;Prior&lt;BR&gt;Service&lt;BR&gt;Cost&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Accumulated&lt;BR&gt;Other&lt;BR&gt;Comprehensive&lt;BR&gt;Income&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=16&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=14&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Balance at December&amp;nbsp;31, 2008&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;240&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(70&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;167&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Current period change&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;29&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;37&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=16&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Balance at June&amp;nbsp;30,
    2009&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;269&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(66&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;1&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;204&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=16&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The amount of commodity hedges
included in unrealized gains on cash flow hedges, net of tax, at June&amp;nbsp;30,
2009 was a gain of $270&amp;nbsp;million. The amount of interest rate hedges
included in unrealized gains on cash flow hedges, net of tax, at June&amp;nbsp;30,
2009 was a loss of $1&amp;nbsp;million. For further discussion regarding interest
rate hedges, see Note&amp;nbsp;2&amp;#151;Derivative Instruments and Hedging Activities.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Unrealized gains on commodity hedges
included those related to Midwest Generation and EME Homer City futures and
forward electricity contracts that qualify for hedge accounting. These gains
arise because current forecasts of future electricity prices in these markets
are lower than the contract prices. As EME's hedged positions for continuing
operations are realized, $209&amp;nbsp;million, after tax, of the net unrealized
gains on cash flow hedges at June&amp;nbsp;30, 2009 are expected to be reclassified
into earnings during the next 12&amp;nbsp;months. Management expects that
reclassification of net unrealized gains will increase energy revenue recognized
at market prices. Actual amounts ultimately reclassified into &lt;!-- SEQ.=32,FOLIO='36',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201F.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_37&gt;&lt;/A&gt;earnings over the next 12&amp;nbsp;months could vary
materially from this estimated amount as a result of changes in market
conditions. The maximum period over which a cash flow hedge is designated is
through December&amp;nbsp;31, 2011. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:ComprehensiveIncomeNoteTextBlock>
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&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;9. Supplemental Cash
Flows Information &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International's supplemental
cash flows information is: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="76%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Six
      Months Ended June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=8&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=8&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Cash payments for interest and
      taxes:&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Interest&amp;nbsp;&amp;#150; net of amounts
      capitalized&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;314&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;266&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Tax payments&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;198&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;128&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P
      style="MARGIN-TOP: 12pt; MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Noncash investing and financing
      activities:&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Dividends declared but not paid:&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Common stock&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;101&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;99&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Preferred and preference stock of utility not
      subject to mandatory redemption&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;13&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;13&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=8&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:CashFlowSupplementalDisclosuresTextBlock>
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&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;10. Fair Value
Measurements &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SFAS No.&amp;nbsp;157 defines fair value
as the price that would be received to sell an asset or paid to transfer a
liability in an orderly transaction between market participants at the
measurement date (referred to as an "exit price" in SFAS No.&amp;nbsp;157). SFAS
No.&amp;nbsp;157 clarifies that a fair value measurement for a liability should
reflect the entity's non-performance risk. In addition, SFAS No.&amp;nbsp;157
establishes a fair value hierarchy that prioritizes the inputs to valuation
techniques used to measure fair value. The hierarchy gives the highest priority
to unadjusted quoted market prices in active markets for identical assets and
liabilities (Level&amp;nbsp;1 measurements) and the lowest priority to unobservable
inputs (Level&amp;nbsp;3 measurements). The three levels of the fair value hierarchy
under SFAS No.&amp;nbsp;157 are: &lt;/FONT&gt;&lt;/P&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Level&amp;nbsp;1&amp;nbsp;&amp;#150; Unadjusted
  quoted prices in active markets that are accessible at the measurement date
  for identical assets and liabilities; &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Level&amp;nbsp;2&amp;nbsp;&amp;#150; Pricing inputs
  that include quoted prices for similar assets and liabilities in active
  markets and inputs that are observable for the asset or liability, either
  directly or indirectly, for substantially the full term of the derivative
  instrument; and &lt;/FONT&gt;&lt;FONT size=2&gt;&lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;#149;&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Level&amp;nbsp;3&amp;nbsp;&amp;#150; Prices or
  valuations that require inputs that are both significant to the fair value
  measurements and unobservable. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International's assets and
liabilities carried at fair value primarily consist of derivative contracts, SCE
nuclear decommissioning trust investments and money market funds. Derivative
contracts primarily relate to power and gas and include contracts for forward
physical sales and purchases, options and forward price swaps which settle only
on a financial basis (including futures contracts). Derivative contracts can be
exchange traded or over-the-counter traded. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The fair value of derivative
contracts takes into account quoted market prices, time value of money,
volatility of the underlying commodities and other factors. Derivatives that are
exchange traded in &lt;!-- SEQ.=33,FOLIO='37',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201F.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_38&gt;&lt;/A&gt;active markets for identical assets or liabilities
are classified as Level&amp;nbsp;1. The majority of EME's derivative contracts used
for hedging purposes are based on forward market prices in active markets (PJM
West Hub, Northern Illinois Hub peak and AEP/Dayton) adjusted for nonperformance
risks. EME obtains forward market prices from traded exchanges (ICE Futures U.S.
or New York Mercantile Exchange) and available broker quotes. Then, EME selects
a primary source that best represents traded activity for each market to develop
observable forward market prices in determining the fair value of these
positions. Broker quotes or prices from exchanges are used to validate and
corroborate the primary source. These price quotations reflect mid-market prices
(average of bid and ask) and are obtained from sources that EME believes to
provide the most liquid market for the commodity. EME considers broker quotes to
be observable when corroborated with other information which may include a
combination of prices from exchanges, other brokers and comparison to executed
trades. The majority of the fair value of EME's derivative contracts determined
in this manner are classified as Level&amp;nbsp;2. SCE's Level&amp;nbsp;2 derivatives
primarily consist of financial natural gas swaps, fixed float swaps, and natural
gas physical trades for which SCE obtains the applicable Henry Hub and basis
forward market prices from the New York Mercantile Exchange and Intercontinental
Exchange. Level&amp;nbsp;2 also includes Edison Capital's foreign currency swap
contract which is valued based on bank evaluations primarily using published
foreign currency rates. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Level&amp;nbsp;3 includes the majority of
SCE's derivatives, including over-the-counter options, bilateral contracts,
capacity contracts, and QF contracts. The fair value of these SCE derivatives is
determined using uncorroborated non-binding broker quotes (from one or more
brokers) and models which may require SCE to extrapolate short-term observable
inputs in order to calculate fair value. Broker quotes are obtained from several
brokers and compared against each other for reasonableness. SCE has Level&amp;nbsp;3
fixed float swaps for which SCE obtains the applicable Henry Hub and basis
forward market prices from the New York Mercantile Exchange. However, these
swaps have contract terms that extend beyond observable market data and the
unobservable inputs incorporated in the fair value determination are considered
significant compared to the overall swap's fair value. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Level&amp;nbsp;3 also includes
derivatives that trade infrequently (such as financial transmission rights and
CRRs in the California market and over-the-counter derivatives at illiquid
locations), derivatives with counterparties that have significant nonperformance
risks as discussed below and long-term power agreements. For illiquid financial
transmission rights and CRRs, Edison International reviews objective criteria
related to system congestion and other underlying drivers and adjusts fair value
when Edison International concludes a change in objective criteria would result
in a new valuation that better reflects the fair value. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Changes in fair values are based on
the hypothetical sale of illiquid positions. For illiquid long-term power
agreements, fair value is based upon a discounting of future electricity and
natural gas prices derived from a proprietary model using the risk free discount
rate for a similar duration contract, adjusted for credit risk and market
liquidity. Changes in fair value are based on changes to forward market prices,
including forecasted prices for illiquid forward periods. In circumstances where
Edison International cannot verify fair value with observable market
transactions, it is possible that a different valuation model could produce a
materially different estimate of fair value. As markets continue to develop and
more pricing information becomes available, Edison International continues to
assess valuation methodologies used to determine fair value. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In assessing nonperformance risks,
Edison International reviews credit ratings of counterparties (and related
default rates based on such credit ratings) and prices of credit default swaps.
The market price &lt;!-- SEQ.=34,FOLIO='38',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201F.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_39&gt;&lt;/A&gt;(or premium) for credit default swaps represents the
price that a counterparty would pay to transfer the risk of default, typically
bankruptcy, to another party. A credit default swap is not directly comparable
to the credit risks of derivative contracts, but provides market information of
the related risk of nonperformance. At June&amp;nbsp;30, 2009, Edison International
reduced the fair value of derivative assets and derivative liabilities for
nonperformance risks by $9&amp;nbsp;million and $16&amp;nbsp;million, respectively.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Investments in money market funds are
generally classified as Level&amp;nbsp;1 as fair value is determined by observable
market prices (unadjusted) in active markets. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The SCE nuclear decommissioning trust
investments include equity securities, U.S. treasury securities and other
fixed-income securities. Equity and treasury securities are classified as
Level&amp;nbsp;1 as fair value is determined by observable market prices in active
or highly liquid and transparent markets. The remaining fixed-income securities
are classified as Level&amp;nbsp;2. The fair value of these financial instruments is
based on evaluated prices that reflect significant observable market information
such as reported trades, actual trade information of similar securities,
benchmark yields, broker/dealer quotes, issuer spreads, bids, offers and
relevant credit information. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table sets forth assets
and liabilities that were accounted for at fair value as of June&amp;nbsp;30, 2009
by level within the fair value hierarchy. &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="46%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=28&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=52&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=3&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Level&amp;nbsp;1&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Level&amp;nbsp;2&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Level&amp;nbsp;3&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Netting and&lt;BR&gt;collateral&lt;SUP&gt;(1)&lt;/SUP&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Total&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=18&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=3&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=14&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Assets at Fair Value&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Money market funds&lt;SUP&gt;(2)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,456&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,457&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Derivative contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;21&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;498&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;885&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(395&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,009&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Long-term disability plan&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;10&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;10&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Nuclear decommissioning
      trusts&lt;SUP&gt;(3)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Municipal bonds&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;618&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;618&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Stocks&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,435&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,435&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;United States government issues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;178&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;30&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;208&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Corporate bonds&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;378&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;378&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Short-term investments, primarily cash
      equivalents&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;19&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;21&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=18&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Sub-total of nuclear decommissioning
      trusts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,615&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,045&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,660&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=18&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total assets&lt;SUP&gt;(4)&lt;/SUP&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;4,102&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,543&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;886&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(395&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;6,136&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Liabilities at Fair Value&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Derivative contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(400&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(529&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;233&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(696&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=18&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Net assets (liabilities)&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;4,102&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,143&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;357&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(162&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;5,440&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=18&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=35,FOLIO='39',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201F.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_40&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table sets forth assets
and liabilities that were accounted for at fair value as of December&amp;nbsp;31,
2008 by level within the fair value hierarchy: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="46%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=28&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=52&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=3&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Level&amp;nbsp;1&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Level&amp;nbsp;2&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Level&amp;nbsp;3&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Netting and&lt;BR&gt;Collateral&lt;SUP&gt;(1)&lt;/SUP&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Total&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=18&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=3&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=14&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Assets at Fair Value&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Money market funds&lt;SUP&gt;(2)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3,543&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3,546&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Derivative contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;419&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;448&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(300&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;571&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Long-term disability plan&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Nuclear decommissioning
      trusts&lt;SUP&gt;(3)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Municipal bonds&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;629&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;629&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Stocks&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,308&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,308&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;United States government issues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;172&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;132&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;304&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Corporate bonds&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;260&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;260&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Short-term investments, primarily cash
      equivalents&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;23&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;#151;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;27&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=18&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Sub-total of nuclear decommissioning
      trusts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,484&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,044&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,528&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    colSpan=18&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;5,038&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,463&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;451&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(300&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;6,652&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Liabilities at Fair Value&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Derivative contracts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(2&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(397&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(753&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;198&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=18&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=3&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Net assets (liabilities)&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;5,036&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,066&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(302&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(102&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;5,698&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=18&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(1)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Represents cash collateral and the
  impact of netting across the levels of the fair value hierarchy. Netting among
  positions classified within the same level is included in that level.
  &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(2)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Included in cash and cash
  equivalents and short-term investments on Edison International's consolidated
  balance sheet. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(3)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Excludes net assets/(liabilities)
  of $13&amp;nbsp;million and $(4) million at June&amp;nbsp;30, 2009 and
  December&amp;nbsp;31, 2008, respectively, of interest and dividend receivables and
  receivables related to pending securities sales and payables related to
  pending securities purchases. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(4)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Excludes $32&amp;nbsp;million at both
  June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008, of cash surrender value of life
  insurance investments for deferred compensation. &lt;/FONT&gt;
  &lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=36,FOLIO='40',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201F.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
  name=page_xxx40201_1_41&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/DD&gt;&lt;/DL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table sets forth a
summary of changes in the fair value of Level&amp;nbsp;3 financial instruments:
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=10&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="52%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=38&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Three Months Ended June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Six
      Months Ended June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=14&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=14&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Fair value, net at beginning of
      period&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;143&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;190&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(302&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;98&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total realized/unrealized gains
      (losses):&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Included in
earnings&lt;SUP&gt;(1)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(49&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;59&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;97&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;92&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Included in regulatory assets and
      liabilities&lt;SUP&gt;(2)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;204&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;112&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;591&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;165&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=0&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Included in accumulated other comprehensive
      income&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(4&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(6&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Purchases and settlements, net&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;67&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;36&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(17&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;47&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Transfers in or out of
    Level&amp;nbsp;3&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;(8&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(7&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(12&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(10&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=14&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Fair value, net at
      June&amp;nbsp;30&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;357&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;386&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;357&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;386&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=14&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times" colSpan=2&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Change during the period in unrealized gains
      related to financial instruments held at
      June&amp;nbsp;30&lt;SUP&gt;(3)&lt;/SUP&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;225&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;183&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;675&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;213&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=14&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(1)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Reported in "Competitive power
  generation" revenue on Edison International's consolidated statement of
  income. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(2)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Due to regulatory mechanisms,
  SCE's realized and unrealized gains and losses are recorded as regulatory
  assets and liabilities. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(3)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Amounts reported in "Competitive
  power generation" revenue on Edison International's consolidated statements of
  income were $13&amp;nbsp;million and $34&amp;nbsp;million for the three months ended
  June&amp;nbsp;30, 2009 and 2008, respectively, and were $71&amp;nbsp;million and
  $37&amp;nbsp;million for the six months ended June&amp;nbsp;30, 2009 and 2008,
  respectively. The remainder of the unrealized gains relate to SCE. See
  (2)&amp;nbsp;above. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Level&amp;nbsp;3 derivative contracts
reflect EME's load requirements services contracts. The energy price risk
related to these contracts was substantially hedged, but such hedge contracts
are classified as Level&amp;nbsp;2 and, therefore, not reflected as an offsetting
position in Level&amp;nbsp;3. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Nuclear Decommissioning Trusts
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE is collecting in rates amounts
for the future costs of removal of its nuclear assets, and has placed those
amounts in independent trusts. Funds collected, together with accumulated
earnings, will be utilized solely for decommissioning. The CPUC has set certain
restrictions related to the investments of these trusts. &lt;!-- SEQ.=37,FOLIO='41',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201G.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_42&gt;&lt;/A&gt;The following table sets forth amortized cost and
fair value of the trust investments: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="33%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=48&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=55&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=55&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Amortized Cost&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Fair
      Value&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&amp;nbsp;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&amp;nbsp;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=11&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Maturity&lt;BR&gt;Dates&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;December&amp;nbsp;31,&lt;BR&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;December&amp;nbsp;31,&lt;BR&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=16&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=left colSpan=2&gt;&lt;FONT
      size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Municipal bonds&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;2009&amp;nbsp;&amp;#150;&amp;nbsp;2042&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;548&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;561&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;618&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;629&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Stocks&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=2&gt;&amp;#150;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;818&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;839&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,435&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,308&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;United States government issues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;2009&amp;nbsp;&amp;#150;&amp;nbsp;2051&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;191&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;268&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;208&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;304&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Corporate bonds&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;2009&amp;nbsp;&amp;#150;&amp;nbsp;2049&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;316&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;214&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;378&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;260&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Short-term investments, primarily cash
      equivalents&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=middle&gt;&lt;FONT size=2&gt;2009&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;34&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;24&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;34&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;23&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=16&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,907&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,906&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2,673&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,524&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=16&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Note: Maturity dates as of
June&amp;nbsp;30, 2009. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Trust fund earnings (based on
specific identification) increase the trust fund balance and the ARO regulatory
liability. Realized gains were $115&amp;nbsp;million and $25&amp;nbsp;million for the
three months ended June&amp;nbsp;30, 2009 and 2008, respectively and
$189&amp;nbsp;million and $53&amp;nbsp;million for the six months ended June&amp;nbsp;30,
2009 and 2008, respectively. Realized losses were $77&amp;nbsp;million and
$5&amp;nbsp;million for the three months ended June&amp;nbsp;30, 2009 and 2008,
respectively and $140&amp;nbsp;million and $6&amp;nbsp;million for the six months ended
June&amp;nbsp;30, 2009 and 2008, respectively. Proceeds from sales of securities
(which are reinvested) were $652&amp;nbsp;million and $672&amp;nbsp;million for the
three months ended June&amp;nbsp;30, 2009 and 2008, respectively and
$1.3&amp;nbsp;billion and $1.5&amp;nbsp;billion for the six months ended June&amp;nbsp;30,
2009 and 2008, respectively. Unrealized holding gains, net of losses, were
$766&amp;nbsp;million and $618&amp;nbsp;million at June&amp;nbsp;30, 2009 and
December&amp;nbsp;31, 2008, respectively. Approximately 92% of the cumulative trust
fund contributions were tax-deductible. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table sets forth a
summary of changes in the fair value of the trust for the six months ended
June&amp;nbsp;30, 2009: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="85%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=50&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=4&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Balance at beginning of period&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2,524&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Realized gains&amp;nbsp;&amp;#150; net&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;49&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Unrealized gains&amp;nbsp;&amp;#150; net&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;148&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Other-than-temporary impairments&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(103&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Interest, dividends, contributions and
      other&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;55&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Balance at June&amp;nbsp;30,
    2009&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;2,673&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=4&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Due to regulatory mechanisms, changes
in the fair value of the trust have no impact on operating revenue. SCE reviews
each security for other-than-temporary impairment losses on the last day of each
month compared to the last day of the previous month. If the fair value on both
days is less than the cost for that security, SCE recognizes a realized loss for
the other-than-temporary impairment. If the fair value is greater or less than
the cost for that security at the time of sale, SCE recognizes a related
realized gain or loss, respectively. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Nuclear decommissioning costs are
recovered in utility rates. These costs are expected to be funded from
independent decommissioning trusts, which currently receive contributions of
approximately &lt;!-- SEQ.=38,FOLIO='42',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201G.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_43&gt;&lt;/A&gt;$46&amp;nbsp;million per year. Contributions to the
decommissioning trusts are reviewed every three years by the CPUC. These
contributions are determined based on an analysis of the current value of trusts
assets and long-term forecasts of cost escalation, the estimate and timing of
decommissioning costs, and after-tax return on trust investments. Favorable or
unfavorable investment performance in a period will not change the amount of
contributions for that period. However, trust performance for the three years
leading up to a CPUC review proceeding will provide input into future
contributions. On April&amp;nbsp;3, 2009, SCE submitted its triennial nuclear
decommissioning application, requesting that its trust fund contributions
increase to approximately $64.5&amp;nbsp;million per year, beginning on
January&amp;nbsp;1, 2011. The CPUC has set certain restrictions related to the
investments of these trusts. If additional funds are needed for decommissioning,
it is probable that the additional funds will be recoverable through customer
rates. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Long-term Debt
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The carrying amounts and fair values
of long-term debt are: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="56%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=35&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=34&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=35&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=34&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;December&amp;nbsp;31,&lt;BR&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Carrying&lt;BR&gt;Amount&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Fair&lt;BR&gt;Value&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Carrying&lt;BR&gt;Amount&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Fair&lt;BR&gt;Value&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Long-term debt&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;11,276&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;10,759&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;10,950&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;10,637&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Long-term debt due within one
year&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;382&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;382&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;174&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;175&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Fair values of long-term debt are
based on bank evaluations. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:FairValueDisclosuresTextBlock>
  <eix:RegulatoryAssetsAndLiabilitiesTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;11. Regulatory Assets
and Liabilities &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Regulatory assets included on the
consolidated balance sheets are: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="73%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=55&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;December&amp;nbsp;31,&lt;BR&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=7&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Current:&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Regulatory balancing accounts&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;214&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;455&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Energy derivatives&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;120&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;138&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Other&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;&amp;#151;&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;12&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;605&lt;/FONT&gt;&lt;/TD&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Long-term:&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;29&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    size=2&gt;&lt;B&gt;1,456&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;ARO&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;171&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;224&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;360&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;375&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
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      net&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;268&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;278&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Unamortized coal plant investment&amp;nbsp;&amp;#150;
      net&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;77&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;79&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Unamortized loss on reacquired
    debt&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;298&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;309&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;SFAS No.&amp;nbsp;158 pensions and postretirement
      benefits&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,898&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,882&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Energy derivatives&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;111&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;723&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Environmental remediation&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;39&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;40&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Other&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;139&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;138&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;4,852&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;5,414&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total Regulatory Assets&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;5,186&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;6,019&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Regulatory liabilities included on
the consolidated balance sheets are: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="73%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=55&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;December&amp;nbsp;31,&lt;BR&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
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    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
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    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
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      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Current:&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,111&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;34&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;43&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,368&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Employee benefit plans&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;145&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;70&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;2,481&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
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    Liabilities&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3,592&lt;/FONT&gt;&lt;/TD&gt;
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&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;12. Variable Interest
Entities &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Projects or Entities that are
Consolidated &lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;EME has purchased a majority interest
in a number of wind projects under joint development agreements with third-party
developers. At June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008, EME had majority
interests in 15 wind projects with a total generating capacity of 700 MW that
had minority interests held by others. The projects are located in Iowa,
Minnesota, New Mexico, Nebraska and Texas. Minority interest holders have key
rights over matters such as budgets, incurrence of debt, and sale of the
project, and in certain cases, receive a higher allocation of income and losses
after a minimum return is earned by EME. In determining that EME was the primary
beneficiary, a key factor was the conclusion that the power sales agreements did
not constitute a variable interest since the agreements have a fixed unit price
and do not absorb expected losses. As a result, the determination of EME as the
primary beneficiary was based on the allocation of income and losses with EME
expected to earn a majority of the expected gains or absorb the majority of the
expected losses based on its ownership interest. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Consolidation of QFs&amp;nbsp;&amp;#150;
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE has variable interests in
contracts with certain QFs that contain variable contract pricing provisions
based on the price of natural gas. Four of these contracts are with entities
that are partnerships owned in part by a related party, EME. These four
contracts had 20-year terms at inception. The QFs sell electricity to SCE and
steam to nonrelated parties. Under FIN&amp;nbsp;46(R), Edison International and SCE
consolidate these four projects. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In determining that SCE was the
primary beneficiary, SCE considered the term of the contract, percentage of
plant capacity, pricing, and other variable interests. SCE performed a
quantitative assessment which included the analysis of the expected losses and
expected residual returns of the entity by using the various estimated projected
cash flow scenarios associated with the assets and activities of that entity.
The quantitative analysis provided sufficient evidence to determine that SCE was
the primary beneficiary absorbing a majority of the entity's expected losses,
receiving a majority of the entity's expected residual returns, or both.
&lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
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    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=34&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=64&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=43&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
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  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Project&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Capacity&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Termination&lt;BR&gt;Date&lt;SUP&gt;(1)&lt;/SUP&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;EME&lt;BR&gt;Ownership&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
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    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=10&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
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    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=8&gt;&lt;FONT
      size=2&gt;(Unaudited)&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Kern River&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;300 MW&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;June
2011&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;50&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;%&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Midway-Sunset&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;225 MW&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;May 2009&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;50&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;%&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Sycamore&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;300 MW&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;December
      2007&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;50&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;%&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Watson&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;385 MW&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;December
      2007&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;49&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;%&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=10&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(1)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE's power purchase agreements
  with Sycamore and Watson expired on December&amp;nbsp;31, 2007. In addition, SCE's
  power purchase agreement with Midway-Sunset expired on May&amp;nbsp;7, 2009. These
  three projects are currently selling electricity to SCE under the terms and
  conditions contained in its prior long-term power purchase agreement, with
  revised pricing terms as mandated by the CPUC. &lt;/FONT&gt;
  &lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=41,FOLIO='45',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201G.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
  name=page_xxx40201_1_46&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/DD&gt;&lt;/DL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The following table presents
summarized financial information of the SCE VIEs and EME wind projects that had
non-controlling interests held by others that were consolidated at June&amp;nbsp;30,
2009 and December&amp;nbsp;31, 2008: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="73%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=55&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;December&amp;nbsp;31,&lt;BR&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=7&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Current assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;196&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;206&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Nonutility property&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,242&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,239&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Other long-term assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;&lt;B&gt;3&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total assets&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;1,441&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;1,448&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Current liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;72&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;92&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Asset retirement obligation&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;16&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;15&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Long-term obligations net of current
      maturities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;22&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;25&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Deferred revenues&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;20&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;15&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Other long-term liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
size=2&gt;&lt;B&gt;20&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;18&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Total liabilities&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;150&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;165&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Noncontrolling
      interests&lt;SUP&gt;(1)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;265&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;268&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(1)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The noncontrolling interests
  related to SCE's VIEs take into consideration EME's ownership in the Big 4
  projects. &lt;/FONT&gt;&lt;/DD&gt;&lt;/DL&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Assets serving as collateral for the
debt obligations related to the wind projects had a carrying value of
$84&amp;nbsp;million at both June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008, and
primarily consist of property, plant and equipment. The consolidated statement
of income (loss) and cash flow for the six months ended June&amp;nbsp;30, 2009
includes $1&amp;nbsp;million of pre-tax loss and $32&amp;nbsp;million of operating cash
flow related to variable interest entities that are consolidated. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE's VIE projects do not have any
third party debt outstanding. SCE has no investment in, nor obligation to
provide support to, these entities other than its requirement to make contract
payments. Any profit or loss generated by these entities will not effect SCE's
income statement, except that SCE would be required to recognize losses if these
projects have negative equity in the future. These losses, if any, would not
affect SCE's liquidity. Any liabilities of these projects are nonrecourse to
SCE. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Consolidation of Investments in
Affordable Housing Projects&amp;nbsp;&amp;#150; &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison Capital is the primary
beneficiary of one real estate project which has $1&amp;nbsp;million of debt
guaranteed by a subsidiary of Edison Capital and nonrecourse debt of
$9&amp;nbsp;million at both June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008,
respectively. Property serving as collateral for these loans had a carrying
value of $10&amp;nbsp;million at both June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008,
respectively, and is classified as nonutility property on the consolidated
balance sheet. Edison Capital is the primary beneficiary in these entities due
to the debt guarantee. Other than the guarantee, the creditors to this project
do not have recourse to the general credit of Edison Capital. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison Capital is the primary
beneficiary of eight real estate investment partnerships that were formed to
syndicate Edison Capital's interests in real estate projects. In these real
estate partnerships, Edison Capital has guaranteed the third party investors
yield on their investments. Such guarantees are considered a variable interest
and Edison Capital is considered the primary beneficiary of such &lt;!-- SEQ.=42,FOLIO='46',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201G.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_47&gt;&lt;/A&gt;investments. At June&amp;nbsp;30, 2009, the consolidated
balance sheet included investments in real estate partnerships and
noncontrolling interests of $9&amp;nbsp;million and $8&amp;nbsp;million, respectively,
related to interests of third parties. At December&amp;nbsp;31, 2008, the
consolidated balance sheet included investments in real estate partnerships and
noncontrolling interests of $14&amp;nbsp;million and $12&amp;nbsp;million, respectively,
related to interests of third parties. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Projects that are not
Consolidated &lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;EME has a number of investments in
power projects that are accounted for under the equity method. Under the equity
method, the project assets and related liabilities are not consolidated on EME's
consolidated balance sheet. Rather, EME's financial statements reflect its
investment in each entity and it records only its proportionate ownership share
of net income or loss. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Entities formed to own these projects
are generally structured with a management committee in which EME exercises
significant influence but cannot exercise unilateral control over the operating,
funding or construction activities of the project entity. Two of these projects
have secured long-term debt to finance the assets constructed and/or acquired by
them. These financings generally are secured by a pledge of the assets of the
project entity, but do not provide for any recourse to EME. Accordingly, a
default on a long-term financing of a project could result in foreclosure on the
assets of the project entity resulting in a loss of some or all of EME's project
investment, but would generally not require EME to contribute additional
capital. At June&amp;nbsp;30, 2009, entities which EME has accounted for under the
equity method had indebtedness of $247&amp;nbsp;million, of which $111&amp;nbsp;million
is proportionate to EME's ownership interest in these projects. At
December&amp;nbsp;31, 2008, entities which EME has accounted for under the equity
method had indebtedness of $294&amp;nbsp;million, of which $128&amp;nbsp;million is
proportionate to EME's ownership interest in these projects. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As of June&amp;nbsp;30, 2009 and
December&amp;nbsp;31, 2008, EME has a 50% interest in the March Point project. EME
has guaranteed, jointly and severally with Texaco&amp;nbsp;Inc., the obligations of
March Point Cogeneration Company under its project power sales agreements to
repay capacity payments to the project's power purchaser in the event that the
power sales agreements terminate, March Point Cogeneration Company abandons the
project, or the project fails to return to normal operations within a reasonable
time after a complete or partial shutdown, during the term of the power sales
agreements. The obligations under this indemnification agreement as of
June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008, if payment were required, would
be $47&amp;nbsp;million and $56&amp;nbsp;million, respectively. EME has not recorded a
liability related to the indemnity. EME's maximum exposure to loss at
June&amp;nbsp;30, 2009 is $50&amp;nbsp;million. During the first quarter of 2009, EME
commenced recording its share of equity in income from the March Point project.
EME recorded $1&amp;nbsp;million and $3&amp;nbsp;million during the second quarter and
six months ended June&amp;nbsp;30, 2009, respectively. To the extent that cash is
received from the project in excess of EME's investment, such amount will be
recorded as equity in income. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison Capital has a number of
investments in real estate projects that are accounted for under the equity
method. Under the equity method, the project assets and related liabilities are
not consolidated in Edison Capital's consolidated balance sheet. Rather, Edison
Capital's financial statements reflect its investment in each entity and it
records only its proportionate ownership share of net income or loss.
&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison Capital's maximum exposure to
loss from affordable housing investments in this category is generally limited
to its net investment balance of $5&amp;nbsp;million and recapture of tax credits
(estimated at $36&amp;nbsp;million as of June&amp;nbsp;30, 2009 and December&amp;nbsp;31,
2008). &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=43,FOLIO='47',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201G.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_48&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Entities with Unavailable
Financial Information &lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE also has seven other contracts
with QFs that contain variable pricing provisions based on the price of natural
gas and are potential VIEs under FIN&amp;nbsp;46(R). SCE might be considered to be
the consolidating entity under this standard. SCE continues to attempt to obtain
information for these projects in order to determine whether the projects should
be consolidated by SCE. These entities are not legally obligated to provide the
financial information to SCE and have declined to provide any financial
information to SCE. Under the grandfather scope provisions of FIN&amp;nbsp;46(R),
SCE is not required to apply this rule to these entities as long as SCE
continues to be unable to obtain this information. The aggregate capacity
dedicated to SCE for these projects is 207 MW and 263 MW at June&amp;nbsp;30, 2009
and December&amp;nbsp;31, 2008, respectively. The amounts that SCE paid to these
projects were $30&amp;nbsp;million and $57&amp;nbsp;million for the three months ended
June&amp;nbsp;30, 2009 and 2008, respectively, and $60&amp;nbsp;million and
$98&amp;nbsp;million for the six months ended June&amp;nbsp;30, 2009 and 2008,
respectively. These amounts are recoverable in utility customer rates. SCE has
no exposure to loss as a result of its involvement with these projects.
&lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:ScheduleOfVariableInterestEntitiesTextBlock>
  <us-gaap:SegmentReportingDisclosureTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;13. Business Segments
&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Edison International's reportable
business segments include its electric utility operation segment (SCE), a
competitive power generation segment (EME), and a financial services and other
segment (Edison Capital and other EMG subsidiaries). Edison International
evaluates performance based on net income. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;SCE is a rate-regulated electric
utility that supplies electric energy to a 50,000 square-mile area of central,
coastal and Southern California. SCE also produces electricity. EME is engaged
in the business of developing, acquiring, owning or leasing, operating and
selling energy and capacity from electric power generation facilities. EME also
conducts hedging and energy trading activities in power markets open to
competition. Edison Capital is a provider of financial services with investments
worldwide. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=44,FOLIO='48',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201G.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;A
name=page_xxx40201_1_49&gt;&lt;/A&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Segment information was: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="60%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=29&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;Three Months&lt;BR&gt;Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT size=2&gt;&lt;B&gt;Six
      Months&lt;BR&gt;Ended&lt;BR&gt;June&amp;nbsp;30,&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=13&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=11&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Operating Revenue (Loss):&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Electric utility&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
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    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(16&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;261&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;234&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;559&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=13&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;BR&gt;&lt;/FONT&gt;&amp;nbsp;&lt;/P&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;DIV align=center&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width=337&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=34&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=55&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;December&amp;nbsp;31, 2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=7&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Total Assets:&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Electric utility&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;31,820&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;32,568&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Competitive power generation&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;9,532&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;9,016&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Financial services and
      other&lt;SUP&gt;(4)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;951&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;3,089&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=#cceeff&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;Parent and other&lt;SUP&gt;(6)&lt;/SUP&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
    size=2&gt;&lt;B&gt;(422&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;)&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;(58&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;)&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR vAlign=top bgColor=white&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;
      &lt;P style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"&gt;&lt;FONT
      size=2&gt;&lt;/FONT&gt;&lt;FONT size=2&gt;&lt;B&gt;Consolidated Edison
      International&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;$&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT
      size=2&gt;&lt;B&gt;41,881&lt;/B&gt;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;$&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right&gt;&lt;FONT size=2&gt;44,615&lt;/FONT&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TD&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=top&gt;
    &lt;TD style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    colSpan=7&gt;&amp;nbsp;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TD&gt;&lt;/TR&gt;&lt;/TBODY&gt;&lt;/TABLE&gt;&lt;/DIV&gt;&lt;!-- end of user-specified TAGGED TABLE --&gt;
&lt;DL compact&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(1)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Includes earnings of
  $300&amp;nbsp;million for the three- and six-month periods ended June&amp;nbsp;30,
  2009 related to the Global Settlement. See Note&amp;nbsp;4. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(2)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Includes losses from discontinued
  operations of $7&amp;nbsp;million and $1&amp;nbsp;million for the three months ended
  June&amp;nbsp;30, 2009 and 2008, respectively, and $4&amp;nbsp;million and
  $6&amp;nbsp;million for the six months ended June&amp;nbsp;30, 2009 and 2008,
  respectively. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(3)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Includes losses of
  $617&amp;nbsp;million and $628&amp;nbsp;million for the three- and six-month periods
  ended June&amp;nbsp;30, 2009, respectively, related to termination of Edison
  Capital's cross-border leases and the federal and state impacts of Global
  Settlement on Edison Capital. See Notes&amp;nbsp;4 and Note&amp;nbsp;14.
  &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(4)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Includes amounts from other EMG
  subsidiaries that are not significant as a reportable segment. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(5)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Includes earnings of
  $50&amp;nbsp;million for both the three- and six-month periods ended June&amp;nbsp;30,
  2009 related to the Global Settlement. See Note&amp;nbsp;4. &lt;BR&gt;&lt;BR&gt;&lt;/FONT&gt;
  &lt;DT style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;(6)&lt;/FONT&gt;
  &lt;DD style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Includes amounts from Edison
  International (parent), and other Edison International subsidiaries that are
  not significant as a reportable segment, as well as intercompany eliminations.
  &lt;/FONT&gt;
  &lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;!-- SEQ.=45,FOLIO='49',FILE='DISK131:[09ZCF1.09ZCF40201]XXX40201G.;2',USER='CMATTI',CD=';6-AUG-2009;18:58' --&gt;&lt;/FONT&gt;&lt;/P&gt;&lt;/DD&gt;&lt;/DL&gt;&lt;/BODY&gt;&lt;/HTML&gt;
</us-gaap:SegmentReportingDisclosureTextBlock>
  <eix:DescriptionOfLessorLeasingArrangementsInLeverageLeasesTextBlock contextRef="D2009Q2YTD">&lt;!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"&gt;
&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
&lt;META content="MSHTML 6.00.2900.3492" name=GENERATOR&gt;&lt;/HEAD&gt;
&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;14. Investments in
Leveraged Leases, Partnerships and Unconsolidated Subsidiaries &lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;&lt;I&gt;Leveraged Leases
&lt;/I&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;As of June&amp;nbsp;30, 2009, Edison
Capital was the lessor in various power generation aircraft leveraged leases.
Pursuant to an agreement with the Internal Revenue Service, Edison Capital
terminated its interests in cross-border leases during the first half of 2009
(see "Global Settlement" in Note&amp;nbsp;4 for further discussion.) The net
proceeds and loss, before income tax, from termination of the cross-border
leases were $1.385&amp;nbsp;billion and $920&amp;nbsp;million, respectively. The
after-tax loss on termination of the cross-border leases, as well as the federal
and state income tax impact of the Global Settlement, was $628&amp;nbsp;million. In
addition, Edison Capital sold its interest in another leverage lease
transaction, Midland Cogeneration Ventures, during the three months ended
June&amp;nbsp;30, 2009 and recorded a pre-tax gain on sale of $33&amp;nbsp;million,
$20&amp;nbsp;million after tax. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;Each of Edison Capital's leveraged
lease transactions was completed and accounted for in accordance with SFAS
No.&amp;nbsp;13, "Accounting for Leases." All operating, maintenance, insurance and
decommissioning costs are the responsibility of the lessees. The acquisition
costs of these facilities were $609&amp;nbsp;million and $6.2&amp;nbsp;billion at
June&amp;nbsp;30, 2009 and December&amp;nbsp;31, 2008, respectively. The equity
investment in these facilities is generally 20% of the cost to acquire the
facilities. The balance of the acquisition costs was funded by nonrecourse debt
($255&amp;nbsp;million as of June&amp;nbsp;30, 2009) secured by first liens on the
leased property. The lenders do not have recourse to Edison Capital in the event
of loan default. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;The net investment in leveraged
leases is: &lt;/FONT&gt;&lt;/P&gt;&lt;!-- COMMAND=ADD_TABLEWIDTH,"100%" --&gt;&lt;!-- User-specified TAGGED TABLE --&gt;
&lt;TABLE cellSpacing=0 cellPadding=0 width="100%" border=0&gt;
  &lt;TBODY&gt;
  &lt;TR&gt;&lt;!-- TABLE COLUMN WIDTHS SET --&gt;
    &lt;TD style="FONT-FAMILY: times" align=left width="73%"&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=12&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=33&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=15&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" align=right width=5&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times" width=55&gt;&lt;/TD&gt;
    &lt;TD style="FONT-FAMILY: times"
  width=3&gt;&lt;/TD&gt;&lt;!-- TABLE COLUMN WIDTHS END --&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT size=2&gt;In
      millions&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;June&amp;nbsp;30,&lt;BR&gt;2009&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=2&gt;&lt;FONT
      size=2&gt;&lt;B&gt;December&amp;nbsp;31,&lt;BR&gt;2008&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR style="FONT-SIZE: 1.5pt" vAlign=bottom&gt;
    &lt;TH style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times"
    align=middle colSpan=7&gt;&amp;nbsp;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&amp;nbsp;&lt;/TH&gt;&lt;/TR&gt;
  &lt;TR vAlign=bottom&gt;
    &lt;TH style="FONT-FAMILY: times" align=left&gt;&lt;FONT
size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/TH&gt;
    &lt;TH style="FONT-FAMILY: times" align=middle colSpan=5&gt;&lt;FONT
      size=2&gt;&lt;B&gt;(Unaudited)&lt;/B&gt;&lt;/FONT&gt;&lt;BR&gt;&lt;/TH&gt;
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&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Note&amp;nbsp;15. Subsequent Events
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&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;On March&amp;nbsp;12, 2009, the CPUC
issued a final decision in SCE's 2009 GRC, authorizing the transfer of the
assets and liabilities of Mountainview Power Company,&amp;nbsp;LLC, a subsidiary of
SCE, to SCE. SCE received FERC and other necessary approvals, and on
July&amp;nbsp;1, 2009, terminated the FERC-approved power-purchase agreement between
Mountainview Power Company,&amp;nbsp;LLC and SCE, and transferred assets and
liabilities valued at $705&amp;nbsp;million and $173&amp;nbsp;million, respectively. In
addition, SCE recognized a one time, non-cash, accounting gain of approximately
$46&amp;nbsp;million resulting from the establishment of regulatory assets to
recognize differences in the accounting treatment for non-regulated and
rate-regulated entities mainly related to equity AFUDC. There was no economic
impact to customers from this change as compared to the FERC-approved
power-purchase agreement; as these amounts would have been recognized over the
life of that agreement and have no impact on cash flows.
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&lt;HTML&gt;&lt;HEAD&gt;
&lt;META http-equiv=Content-Type content="text/html; charset=utf-8"&gt;
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&lt;BODY&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;&lt;B&gt;Management's Statement
&lt;BR&gt;&lt;/B&gt;&lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;In the opinion of management, all
adjustments, including recurring accruals, have been made that are necessary to
fairly state the consolidated financial position, results of operations and cash
flows in accordance with accounting principles generally accepted in the United
States of America for the periods covered by this quarterly report on
Form&amp;nbsp;10-Q. The results of operations for the three- and six-month periods
ended June&amp;nbsp;30, 2009 are not necessarily indicative of the operating results
for the full year. &lt;/FONT&gt;&lt;/P&gt;
&lt;P style="FONT-FAMILY: times"&gt;&lt;FONT size=2&gt;This quarterly report should be read
in conjunction with Edison International's Annual Report to Shareholders
incorporated by reference into Edison International's Annual Report on
Form&amp;nbsp;10-K for the year ended December&amp;nbsp;31, 2008 filed with the
Securities and Exchange Commission. &lt;/FONT&gt;&lt;/P&gt;&lt;/BODY&gt;&lt;/HTML&gt;
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