EX-4.2 5 sceexh42.htm CERTICATE AS TO ACTIONS BY OFFICER OF SCE Certificate as to actions by Officer of SCE, dated January 7, 2004
                                    CERTIFICATE AS TO ACTIONS TAKEN BY OFFICER
                                       OF SOUTHERN CALIFORNIA EDISON COMPANY

                                              Adopted January 7, 2004

                                RE:     CREATION AND ISSUANCE OF THREE NEW SERIES
                                        OF FIRST AND REFUNDING MORTGAGE BONDS

                  WHEREAS, by a resolution adopted on January 6, 2004, entitled "Resolution Re:  Issuance of
Three New Series of First and Refunding Mortgage Bonds," the Executive Committee of the Board of Directors of
this corporation delegated to the undersigned officer the authority to authorize and create an additional bonded
indebtedness of this corporation in the aggregate principal amount of three new series of its First and Refunding
Mortgage Bonds, Series 2004A, Series 2004B, and Series 2004C (collectively, the "New Bonds"), and take all other
actions necessary to create the New Bonds and cause the New Bonds to be issued, sold, and delivered;

                  NOW, THEREFORE, BE IT RESOLVED, that pursuant to that resolution and the Trust Indenture dated
as of October 1, 1923, between this corporation and The Bank of New York (successor to Harris Trust and Savings
Bank) and D. G. Donovan (successor to Pacific-Southwest Trust & Savings Bank), as Trustees, as amended and
supplemented, including as supplemented or proposed to be supplemented by the One Hundred First Supplemental
Indenture (collectively, the "Trust Indenture"), the undersigned officer hereby executes and delivers this
certificate and takes the actions set forth herein.

                  BE IT FURTHER RESOLVED, that the undersigned officer hereby authorizes and creates an
authorized bonded indebtedness of this corporation in the


Page 1



aggregate principal amount of $975,000,000, which shall be an increase of, and in addition to,
all presently existing authorized bonded indebtedness of this corporation, and which shall be represented by the
New Bonds.

                  BE IT FURTHER RESOLVED, that the President or any Vice President and the Secretary or any
Assistant Secretary of this corporation are authorized and directed, pursuant to the provisions of Section 1 of
Article Two of the Trust Indenture, to sign and present to The Bank of New York, as Trustee, a certificate
stating that the authorized bonded indebtedness of this corporation has been so increased.

                  BE IT FURTHER RESOLVED, that, subject to the execution and delivery of the One Hundred First
Supplemental Indenture, the Series 2004A Bonds, to be issued under and secured by the Trust Indenture, are hereby
created in the aggregate principal amount of $300,000,000, and the Series 2004A Bonds are hereby designated as
"First and Refunding Mortgage Bonds, Series 2004A, Due 2014;" the Series 2004A Bonds shall be dated as of their
date of issuance, shall mature on January 15, 2014, and shall bear interest from January 14, 2004, at the rate of
5% per annum on the principal amount thereof, payable semiannually on January 15 and July 15 of each year; the
principal of and premium, if any, and interest on the Series 2004A Bonds shall be payable at the offices of The
Bank of New York, in New York, New York, or at such other agency or agencies as may be designated by this
corporation; all principal, premium, if any, and interest shall be payable in such coin or currency of the United
States of America as at the time of payment shall be legal tender for public and private debts; the Series 2004A
Bonds shall be transferable only on the books of this corporation at the places designated above for the payment
of the principal of and


Page 2


premium, if any, and interest on the Series 2004A Bonds, or at such other agency or agencies as
may be designated by this corporation; the Series 2004A Bonds shall be redeemable, at the option of this
corporation, in whole or in part, in the manner set forth in the form of definitive Series 2004A Bond set forth
below; the Series 2004A Bonds shall be issuable only as fully registered bonds, without coupons, in denominations
of $1,000 and integral multiples of $1,000 in excess thereof; the definitive Series 2004A Bonds shall be numbered
from R-1 upward; and the definitive Series 2004A Bonds, and the Certificate of Authentication to be endorsed upon
each of the Series 2004A Bonds, shall be substantially in the following form with such legends thereon and
changes therein as may be deemed necessary or appropriate by the officer or officers executing the same, and the
blanks therein to be properly filled:

                                      (Form of Definitive Series 2004A Bond)

                                        SOUTHERN CALIFORNIA EDISON COMPANY
                            First and Refunding Mortgage Bonds, Series 2004A, Due 2014

No. ____                                                                        $_____________

         SOUTHERN CALIFORNIA EDISON COMPANY, a corporation organized and existing under and by virtue of the laws
of the State of California (hereinafter called the "Company"), for value received, hereby promises to pay to
_____________________, the registered owner hereof, the principal sum of $_______________ on January 15, 2014,
and to pay interest on the unpaid principal amount hereof to the registered owner hereof from January 14, 2004,
until said principal sum shall be paid, at the rate of 5% per annum, payable semiannually on January 15 and
July 15 in each year.  Such interest shall be paid to the person in whose name this Bond is registered at the
close of business on (1) the business day immediately preceding the interest payment date if this Bond is in
book-entry only form, or (2) the 15th calendar day before each interest payment date if this Bond is not in
book-entry only form.

         The principal of and interest on this Bond are payable at the offices of The Bank of New York, as
Trustee, in New York, New York, or at such other agency or agencies as may be designated by the Company, in such
coin or currency of the United States of America as at the time of payment is legal tender for public and private
debts.


Page 3



         This Bond is one of a series, designated as "Series 2004A, Due 2014," of a duly authorized issue of
bonds of the Company, known as its "First and Refunding Mortgage Bonds," issued and to be issued in one or more
series under and all equally and ratably secured by a Trust Indenture dated as of October 1, 1923, and indentures
supplemental thereto, including the One Hundred First Supplemental Indenture, dated as of January 7, 2004, which
have been duly executed, acknowledged and delivered by the Company to The Bank of New York and D. G. Donovan, or
one of their predecessors, as Trustees, to which original indenture and indentures supplemental thereto
(collectively, the "Trust Indenture") reference is hereby made for a description of the property, rights and
franchises thereby mortgaged and pledged, the nature and extent of the security thereby created, the rights of
the holders of this Bond and of the Trustees in respect of such security, and the terms, restrictions and
conditions upon which the bonds are issued and secured.

         This Bond may be redeemed, in whole or in part, at the option of the Company, at any time prior to its
maturity, after notice given in writing (including by facsimile transmission) to the registered owner hereof at
the last address shown on the registry books of the Company, by the Company or The Bank of New York, as Trustee,
at least 30 days, but not more than 60 days, before the date fixed for redemption, at a redemption price equal to
the greater of (1) the principal amount redeemed or (2) the sum of the present values of the remaining scheduled
payments of principal and interest on this Bond being redeemed, discounted to the date fixed for redemption on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield plus 15
basis points, plus in each case accrued and unpaid interest to the date fixed for redemption.

         "Treasury Yield" means, for any date fixed for redemption, the rate per year equal to the semi-annual
equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the date fixed for
redemption.

         "Comparable Treasury Issue" means the United States Treasury security or securities selected by an
Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term to
stated maturity of this Bond that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining
term of this Bond.

         "Comparable Treasury Price" means, for any date fixed for redemption, (1) the average of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
on the third business day preceding the date fixed for redemption, as set forth in the daily statistical release
(or any successor release) published by the Federal Reserve Bank of New York and designated "Composite 3:30 p.m.
Quotations for U.S. Government Securities" or (2) if that release (or any successor release) is not published or
does not contain those prices

Page 4



on that business day, (A) the average of the Reference Treasury Dealer Quotations for the date fixed for
redemption, or (B) if the Independent Investment Banker obtains fewer than four Reference Treasury Dealer
Quotations, the average of all of the Quotations.

         "Independent Investment Banker" means Citigroup Global Markets Inc. ("Citigroup") or its successor or,
if such firm or its successor is unwilling or unable to select the Comparable Treasury Issue, one of the
remaining Reference Treasury Dealers appointed by The Bank of New York, as Trustee, after consultation with the
Company.

         "Reference Treasury Dealer" means (1) Citigroup, J.P. Morgan Securities Inc. ("JPMorgan"), and Lehman
Brothers Inc. ("Lehman Brothers") and any other primary U.S. Government securities dealer in New York City (a
"Primary Treasury Dealer") designated by, and not affiliated with Citigroup or its successors, provided, however,
that if Citigroup, JPMorgan, and Lehman Brothers, or any of their designees, ceases to be a Primary Treasury
Dealer, the Company will appoint another Primary Treasury Dealer as a substitute, and (2) any other Primary
Treasury Dealer selected by the Company.

         "Reference Treasury Dealer Quotations" means, for each Reference Treasury Dealer and any date fixed for
redemption, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the
Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to
the Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m. on the third business day
preceding the date fixed for redemption.

         If the Company elects to redeem fewer than all the Series 2004A Bonds, The Bank of New York, as Trustee,
will select the particular bonds to be redeemed on a pro rata basis, by lot or by such other method of random
selection, if any, that The Bank of New York, as Trustee, deems fair and appropriate.

         Any notice of redemption, at the Company's option, may state that the redemption will be conditional
upon receipt by the paying agent, on or prior to the date fixed for the redemption, of money sufficient to pay
the principal of and premium, if any, and interest, if any, on the Series 2004A Bonds to be redeemed and that if
the money has not been so received, the notice will be of no force and effect and the Company will not be
required to redeem this Bond.

         The Trust Indenture makes provision for a Special Trust Fund and permits the use of moneys therein for
the purpose, among others, of redeeming or purchasing this Bond.

         If default shall be made in the payment of any installment of principal of or interest on this Bond or
in the performance or observance of any of the covenants and agreements contained in the Trust Indenture, and
such default shall continue as

Page 5



provided in the Trust Indenture, then the principal of this Bond may be declared and become due and
payable as provided in the Trust Indenture.

         This Bond is transferable only on the books of the Company at any of the places designated above for the
payment of the principal of and premium, if any, or interest on this Bond, or at such other agency or agencies as
may be designated by the Company, by the registered owner or by an attorney of such owner duly authorized in
writing, on surrender hereof properly endorsed, and upon such surrender hereof, and the payment of charges, a new
registered bond or bonds of this series, of an equal aggregate principal amount, will be issued to the transferee
in lieu hereof, as provided in the Trust Indenture.

         The terms of the Trust Indenture may be modified as set forth in the Trust Indenture; provided, however,
that, among other things, (1) the obligation of the Company to pay the principal of and premium, if any, and
interest on all bonds outstanding under the Trust Indenture, as at the time in effect, shall continue unimpaired,
(2) no modification shall give any of said bonds any preference over any other of said bonds, and (3) no
modification shall authorize the creation of any lien prior to the lien of the Trust Indenture on any of the
trust property.

         No recourse shall be had for the payment of the principal of and premium, if any, or interest on this
Bond, or any part thereof, or for or on account of the consideration herefor, or for any claim based hereon, or
otherwise in respect hereof, or of the Trust Indenture, against any past, present or future stockholder, officer
or director of the Company or of any predecessor or successor company, whether for amounts unpaid on stock
subscriptions, or by virtue of any statue or constitution, or by the enforcement of any assessment or penalty, or
because of any representation or inference arising from the capitalization of the Company or of such predecessor
or successor company, or otherwise; all such liability being, by the acceptance hereof and as a part of the
consideration for the issue hereof, expressly released.

         This Bond shall not be valid or obligatory for any purpose until it shall have been authenticated by the
execution of the certificate of authentication hereon of The Bank of New York, as Trustee, or its successor in
trust.

         IN WITNESS WHEREOF, Southern California Edison Company has caused this Bond to be executed in its name
by its President or one of its Vice Presidents and its corporate seal to be hereto affixed and attested by its
Secretary or one of its Assistant Secretaries, as of ____________, ____, such execution and attestation to be by
manual or facsimile signatures.

                                                            SOUTHERN CALIFORNIA EDISON COMPANY

ATTEST: ______________________                              By: ___________________________
              [Assistant] Secretary                                    [Vice] President


Page 6


                        (Form of Certificate of Authentication for all Series 2004A Bonds)

                                               Trustee's Certificate

         This is to certify that this Bond is one of the Bonds, of the series designated therein, described and
referred to in the Trust Indenture within mentioned.

                                            THE BANK OF NEW YORK,
                                            TRUSTEE


                                            By _________________________________
                                                              [Authorized Agent]

                                        (End of Form of Series 2004A Bond)

                  BE IT FURTHER RESOLVED, that, subject to the execution and delivery of the One Hundred First
Supplemental Indenture, the Series 2004B Bonds, to be issued under and secured by the Trust Indenture, are hereby
created in the aggregate principal amount of $525,000,000, and the Series 2004B Bonds are hereby designated as
"First and Refunding Mortgage Bonds, Series 2004B, Due 2034;" the Series 2004B Bonds shall be dated as of their
date of issuance, shall mature on January 15, 2034, and shall bear interest from January 14, 2004, at the rate of
6% per annum on the principal amount thereof, payable semiannually on January 15 and July 15 of each year; the
principal of and premium, if any, and interest on the Series 2004B Bonds shall be payable at the offices of The
Bank of New York, in New York, New York, or at such other agency or agencies as may be designated by this
corporation; all principal, premium, if any, and interest shall be payable in such coin or currency of the United
States of America as at the time of payment shall be legal tender for public and private debts; the Series 2004B
Bonds shall be transferable only on the books of this

Page 7



corporation at the places designated above for the payment of the principal of and premium, if
any, and interest on the Series 2004B Bonds, or at such other agency or agencies as may be designated by this
corporation; the Series 2004B Bonds shall be redeemable, at the option of this corporation, in whole or in part,
in the manner set forth in the form of definitive Series 2004B Bond set forth below; the Series 2004B Bonds shall
be issuable only as fully registered bonds, without coupons, in denominations of $1,000 and integral multiples of
$1,000 in excess thereof; the definitive Series 2004B Bonds shall be numbered from R-1 upward; and the definitive
Series 2004B Bonds, and the Certificate of Authentication to be endorsed upon each of the Series 2004B Bonds,
shall be substantially in the following form with such legends thereon and changes therein as may be deemed
necessary or appropriate by the officer or officers executing the same, and the blanks therein to be properly
filled:
                                      (Form of Definitive Series 2004B Bond)

                                        SOUTHERN CALIFORNIA EDISON COMPANY
                            First and Refunding Mortgage Bonds, Series 2004B, Due 2034

No. ____                                                                        $_____________

         SOUTHERN CALIFORNIA EDISON COMPANY, a corporation organized and existing under and by virtue of the laws
of the State of California (hereinafter called the "Company"), for value received, hereby promises to pay to
_____________________, the registered owner hereof, the principal sum of $_______________ on January 15, 2034,
and to pay interest on the unpaid principal amount hereof to the registered owner hereof from January 14, 2004,
until said principal sum shall be paid, at the rate of 6% per annum, payable semiannually on January 15 and
July 15 in each year.  Such interest shall be paid to the person in whose name this Bond is registered at the
close of business on (1) the business day immediately preceding the interest payment date if this Bond is in
book-entry only form, or (2) the 15th calendar day before each interest payment date if this Bond is not in
book-entry only form.

         The principal of and interest on this Bond are payable at the offices of The Bank of New York, as
Trustee, in New York, New York, or at such other agency or agencies


Page 8



as may be designated by the Company, in such coin or currency of the United States of America as at the
time of payment is legal tender for public and private debts.

         This Bond is one of a series, designated as "Series 2004B, Due [2034]," of a duly authorized issue of
bonds of the Company, known as its "First and Refunding Mortgage Bonds," issued and to be issued in one or more
series under and all equally and ratably secured by a Trust Indenture dated as of October 1, 1923, and indentures
supplemental thereto, including the One Hundred First Supplemental Indenture, dated as of January 7, 2004, which
have been duly executed, acknowledged and delivered by the Company to The Bank of New York and D. G. Donovan, or
one of their predecessors, as Trustees, to which original indenture and indentures supplemental thereto
(collectively, the "Trust Indenture") reference is hereby made for a description of the property, rights and
franchises thereby mortgaged and pledged, the nature and extent of the security thereby created, the rights of
the holders of this Bond and of the Trustees in respect of such security, and the terms, restrictions and
conditions upon which the bonds are issued and secured.

         This Bond may be redeemed, in whole or in part, at the option of the Company, at any time prior to its
maturity, after notice given in writing (including by facsimile transmission) to the registered owner hereof at
the last address shown on the registry books of the Company, by the Company or The Bank of New York, as Trustee,
at least 30 days, but not more than 60 days, before the date fixed for redemption, at a redemption price equal to
the greater of (1) the principal amount redeemed or (2) the sum of the present values of the remaining scheduled
payments of principal and interest on this Bond being redeemed, discounted to the date fixed for redemption on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield plus 20
basis points, plus in each case accrued and unpaid interest to the date fixed for redemption.

         "Treasury Yield" means, for any date fixed for redemption, the rate per year equal to the semi-annual
equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the date fixed for
redemption.

         "Comparable Treasury Issue" means the United States Treasury security or securities selected by an
Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term to
stated maturity of this Bond that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining
term of this Bond.

         "Comparable Treasury Price" means, for any date fixed for redemption, (1) the average of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
on the third business day preceding the date fixed for redemption, as set forth in the daily statistical release
(or any


Page 9



successor release) published by the Federal Reserve Bank of New York and designated "Composite 3:30 p.m.
Quotations for U.S. Government Securities" or (2) if that release (or any successor release) is not published or
does not contain those prices on that business day, (A) the average of the Reference Treasury Dealer Quotations
for the date fixed for redemption, or (B) if the Independent Investment Banker obtains fewer than four Reference
Treasury Dealer Quotations, the average of all of the Quotations.

         "Independent Investment Banker" means Citigroup Global Markets Inc. ("Citigroup") or its successor or,
if such firm or its successor is unwilling or unable to select the Comparable Treasury Issue, one of the
remaining Reference Treasury Dealers appointed by The Bank of New York, as Trustee, after consultation with the
Company.

         "Reference Treasury Dealer" means (1) Citigroup, J.P. Morgan Securities Inc. ("JPMorgan"), and Lehman
Brothers Inc. ("Lehman Brothers") and any other primary U.S. Government securities dealer in New York City (a
"Primary Treasury Dealer") designated by, and not affiliated with Citigroup or its successors, provided, however,
that if Citigroup, JPMorgan, and Lehman Brothers, or any of their designees, ceases to be a Primary Treasury
Dealer, the Company will appoint another Primary Treasury Dealer as a substitute, and (2) any other Primary
Treasury Dealer selected by the Company.

         "Reference Treasury Dealer Quotations" means, for each Reference Treasury Dealer and any date fixed for
redemption, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the
Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to
the Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m. on the third business day
preceding the date fixed for redemption.

         If the Company elects to redeem fewer than all the Series 2004B Bonds, The Bank of New York, as Trustee,
will select the particular bonds to be redeemed on a pro rata basis, by lot or by such other method of random
selection, if any, that The Bank of New York, as Trustee, deems fair and appropriate.

         Any notice of redemption, at the Company's option, may state that the redemption will be conditional
upon receipt by the paying agent, on or prior to the date fixed for the redemption, of money sufficient to pay
the principal of and premium, if any, and interest, if any, on the Series 2004B Bonds to be redeemed and that if
the money has not been so received, the notice will be of no force and effect and the Company will not be
required to redeem this Bond.

         The Trust Indenture makes provision for a Special Trust Fund and permits the use of moneys therein for
the purpose, among others, of redeeming or purchasing this Bond.


Page 10



         If default shall be made in the payment of any installment of principal of or interest on this Bond or
in the performance or observance of any of the covenants and agreements contained in the Trust Indenture, and
such default shall continue as provided in the Trust Indenture, then the principal of this Bond may be declared
and become due and payable as provided in the Trust Indenture.

         This Bond is transferable only on the books of the Company at any of the places designated above for the
payment of the principal of and premium, if any, or interest on this Bond, or at such other agency or agencies as
may be designated by the Company, by the registered owner or by an attorney of such owner duly authorized in
writing, on surrender hereof properly endorsed, and upon such surrender hereof, and the payment of charges, a new
registered bond or bonds of this series, of an equal aggregate principal amount, will be issued to the transferee
in lieu hereof, as provided in the Trust Indenture.

         The terms of the Trust Indenture may be modified as set forth in the Trust Indenture; provided, however,
that, among other things, (1) the obligation of the Company to pay the principal of and premium, if any, and
interest on all bonds outstanding under the Trust Indenture, as at the time in effect, shall continue unimpaired,
(2) no modification shall give any of said bonds any preference over any other of said bonds, and (3) no
modification shall authorize the creation of any lien prior to the lien of the Trust Indenture on any of the
trust property.

         No recourse shall be had for the payment of the principal of and premium, if any, or interest on this
Bond, or any part thereof, or for or on account of the consideration herefor, or for any claim based hereon, or
otherwise in respect hereof, or of the Trust Indenture, against any past, present or future stockholder, officer
or director of the Company or of any predecessor or successor company, whether for amounts unpaid on stock
subscriptions, or by virtue of any statue or constitution, or by the enforcement of any assessment or penalty, or
because of any representation or inference arising from the capitalization of the Company or of such predecessor
or successor company, or otherwise; all such liability being, by the acceptance hereof and as a part of the
consideration for the issue hereof, expressly released.

         This Bond shall not be valid or obligatory for any purpose until it shall have been authenticated by the
execution of the certificate of authentication hereon of The Bank of New York, as Trustee, or its successor in
trust.


Page 11



         IN WITNESS WHEREOF, Southern California Edison Company has caused this Bond to be executed in its name
by its President or one of its Vice Presidents and its corporate seal to be hereto affixed and attested by its
Secretary or one of its Assistant Secretaries, as of ____________, ____, such execution and attestation to be by
manual or facsimile signatures.

                                                            SOUTHERN CALIFORNIA EDISON COMPANY

ATTEST: ______________________                              By: ___________________________
              [Assistant] Secretary                                    [Vice] President

                        (Form of Certificate of Authentication for all Series 2004B Bonds)

                                               Trustee's Certificate

         This is to certify that this Bond is one of the Bonds, of the series designated therein, described and
referred to in the Trust Indenture within mentioned.

                                            THE BANK OF NEW YORK,
                                            TRUSTEE


                                            By _________________________________
                                                              [Authorized Agent]

                                        (End of Form of Series 2004B Bond)

                  BE IT FURTHER RESOLVED, that, subject to the execution and delivery of the One Hundred First
Supplemental Indenture, the Series 2004C Bonds, to be issued under and secured by the Trust Indenture, are hereby
created in the aggregate principal amount of $150,000,000, and the Series 2004C Bonds are hereby designated as
"First and Refunding Mortgage Bonds, Series 2004C, Due 2006;" the Series 2004C Bonds shall be dated as of their
date of issuance, shall mature on January 13, 2006, and shall bear interest on the principal amount thereof from
January 14, 2004, at a floating interest rate as set forth in the form of definitive Series 2004C Bond set forth
below, payable quarterly on January 13, April 13, July 13, and October 13 of each year;


Page 12



the principal of and premium, if any, and interest on the Series 2004C Bonds shall be payable
at the offices of The Bank of New York, in New York, New York, or at such other agency or agencies as may be
designated by this corporation; all principal, premium, if any, and interest shall be payable in such coin or
currency of the United States of America as at the time of payment shall be legal tender for public and private
debts; the Series 2004C Bonds shall be transferable only on the books of this corporation at the places
designated above for the payment of the principal of and premium, if any, and interest on the Series 2004C Bonds,
or at such other agency or agencies as may be designated by this corporation; the Series 2004C Bonds shall not be
redeemable prior to their maturity; the Series 2004C Bonds shall be issuable only as fully registered bonds,
without coupons, in denominations of $1,000 and integral multiples of $1,000 in excess thereof; the definitive
Series 2004C Bonds shall be numbered from R-1 upward; and the definitive Series 2004C Bonds, and the Certificate
of Authentication to be endorsed upon each of the Series 2004C Bonds, shall be substantially in the following
form with such legends thereon and changes therein as may be deemed necessary or appropriate by the officer or
officers executing the same, and the blanks therein to be properly filled:

                                      (Form of Definitive Series 2004C Bond)

                                        SOUTHERN CALIFORNIA EDISON COMPANY
                            First and Refunding Mortgage Bonds, Series 2004C, Due 2006

No. ____                                                                        $_____________

         SOUTHERN CALIFORNIA EDISON COMPANY, a corporation organized and existing under and by virtue of the laws
of the State of California (hereinafter called the "Company"), for value received, hereby promises to pay to
_____________________, the registered owner hereof, the principal sum of $_______________ on January 13, 2006,
and to pay interest on the unpaid principal amount hereof to the registered owner


Page 13



hereof from January 14, 2004, until said principal sum shall be paid, at a floating interest rate as
determined below, payable semiannually on January 13, April 13, July 13, and October 13 in each year.  Such
interest shall be paid to the person in whose name this Bond is registered at the close of business on (1) the
business day immediately preceding the interest payment date if this Bond is in book-entry only form, or (2) the
15th calendar day before each interest payment date if this Bond is not in book-entry only form.

         The interest rate on this Bond for the initial interest period will be the three-month London interbank
offered rate ("LIBOR"), determined as described below, on January 12, 2004, plus 0.30%.  The interest rate on
this Bond for each subsequent interest period will be reset quarterly on each interest payment date.  This Bond
will bear interest at an annual rate (computed on the basis of the actual number of days elapsed over a 360-day
year) equal to three-month LIBOR plus 0.30%.

         The interest rate in effect for this Bond on each day will be, (1) if that day is an interest reset
date, the interest rate determined as of the determination date (as defined below) immediately preceding that
interest reset date, or (2) if that day is not an interest reset date, the interest rate determined as of the
determination date immediately preceding the most recent interest reset date.  The "determination date" will be
the second London Business Day (as defined below) immediately preceding the applicable interest reset date.

         The calculation agent initially will be The Bank of New York.  LIBOR will be determined by the
calculation agent as of the applicable determination date in accordance with the following provisions:

         (1)    LIBOR will be determined on the basis of the offered rates for deposits in U.S. dollars of not
                less than U.S. $1,000,000 having a three-month maturity, beginning on the second London Business
                Day immediately following that determination date, which appears on Telerate Page 3750 (as
                defined below) as of approximately 11:00 a.m., London time, on that determination date.
                "Telerate Page 3750" means the display designated on page "3750" on Moneyline Telerate, Inc. (or
                such other page as may replace the 3750 page on that service, any successor service or such other
                service or services as may be nominated by the British Bankers' Association for the purpose of
                displaying London interbank offered rates for U.S. dollar deposits).  If no rate appears on
                Telerate Page 3750, LIBOR for such determination date will be determined in accordance with the
                provisions of paragraph (2) below.

         (2)    With respect to a determination date on which no rate appears on Telerate Page 3750 as of
                approximately 11:00 a.m., London time, on that determination date, the calculation agent will
                request the principal London office of each of four major reference banks (which may include an
                affiliate of one or more underwriters) in the London interbank market selected by the


Page 14


                calculation agent (after consultation with the Company) to provide the calculation agent with a
                quotation of the rate at which deposits of U.S. dollars having a three-month maturity, beginning
                on the second London Business Day immediately following that determination date, are offered by
                it to prime banks in the London interbank market as of approximately 11:00 a.m., London time, on
                that determination date in a principal amount equal to an amount of not less than U.S. $1,000,000
                that is representative for a single transaction in that market at that time.  If at least two
                quotations are provided, LIBOR for that determination date will be the arithmetic mean of the
                quotations as calculated by the calculation agent.  If fewer than two quotations are provided,
                LIBOR for that determination date will be the arithmetic mean of the rates quoted as of
                approximately 11:00 a.m., New York City time, on that determination date by three major banks
                selected by the calculation agent (after consultation with us) for loans in U.S. dollars to
                leading European banks having a three-month maturity beginning on the second London Business Day
                immediately following that determination date and in a principal amount equal to an amount of not
                less than U.S. $1,000,000 that is representative for a single transaction in that market at that
                time; provided, however, that if the banks selected by the calculation agent are not quoting the
                rates described in this sentence, LIBOR for that determination date will be LIBOR determined with
                respect to the immediately preceding determination date, or in the case of the first
                determination date, LIBOR for the initial interest period.

         All percentages resulting from any of the above calculations will be rounded, if necessary, to the
nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point rounded
upwards (e.g., 9.876545% (or .09876545) being rounded to 9.87655% (or .0987655)) and all dollar amounts used in
or resulting from such calculations will be rounded to the nearest cent (with one-half cent being rounded
upwards).

         If the date of maturity of this Bond falls on a day that is not a LIBOR Business Day (as defined below),
the related payment of principal and interest will be made on the next LIBOR Business Day as if it were made on
the date that payment was due, and no interest will accrue on the amounts so payable for the period from and
after that date to the next LIBOR Business Day.  If any interest reset date or interest payment date (other than
at the date of maturity) would otherwise be a day that is not a LIBOR Business Day, that interest reset date and
interest payment date will be postponed to the next date that is a LIBOR Business Day, except that if that a
LIBOR Business Day is in the next calendar month, that interest reset date and interest payment date (other than
at the date of maturity) will be the immediately preceding LIBOR Business Day.

         "LIBOR Business Day" means any day other than Saturday or Sunday or a day on which banking institutions
or trust companies in the City of New York are required or authorized to close and that is also a London Business
Day.


Page 15


         "London Business Day" means any day on which dealings in deposits in U.S. dollars are transacted in the
London interbank market.

         The principal of and interest on this Bond are payable at the offices of The Bank of New York, as
Trustee, in New York, New York, or at such other agency or agencies as may be designated by the Company, in such
coin or currency of the United States of America as at the time of payment is legal tender for public and private
debts.

         This Bond is one of a series, designated as "Series 2004C, Due 2006," of a duly authorized issue of
bonds of the Company, known as its "First and Refunding Mortgage Bonds," issued and to be issued in one or more
series under and all equally and ratably secured by a Trust Indenture dated as of October 1, 1923, and indentures
supplemental thereto, including the One Hundred First Supplemental Indenture, dated as of January 7, 2004, which
have been duly executed, acknowledged and delivered by the Company to The Bank of New York and D. G. Donovan, or
one of their predecessors, as Trustees, to which original indenture and indentures supplemental thereto
(collectively, the "Trust Indenture") reference is hereby made for a description of the property, rights and
franchises thereby mortgaged and pledged, the nature and extent of the security thereby created, the rights of
the holders of this Bond and of the Trustees in respect of such security, and the terms, restrictions and
conditions upon which the bonds are issued and secured.

         This Bond may not be redeemed prior to its maturity.

         If default shall be made in the payment of any installment of principal of or interest on this Bond or
in the performance or observance of any of the covenants and agreements contained in the Trust Indenture, and
such default shall continue as provided in the Trust Indenture, then the principal of this Bond may be declared
and become due and payable as provided in the Trust Indenture.

         This Bond is transferable only on the books of the Company at any of the places designated above for the
payment of the principal of and premium, if any, or interest on this Bond, or at such other agency or agencies as
may be designated by the Company, by the registered owner or by an attorney of such owner duly authorized in
writing, on surrender hereof properly endorsed, and upon such surrender hereof, and the payment of charges, a new
registered bond or bonds of this series, of an equal aggregate principal amount, will be issued to the transferee
in lieu hereof, as provided in the Trust Indenture.

         The terms of the Trust Indenture may be modified as set forth in the Trust Indenture; provided, however,
that, among other things, (1) the obligation of the Company to pay the principal of and premium, if any, and
interest on all bonds outstanding under the Trust Indenture, as at the time in effect, shall continue unimpaired,
(2) no modification shall give any of said bonds any preference over any other of said bonds, and (3) no
modification shall authorize the creation of any lien prior to the lien of the Trust Indenture on any of the
trust property.


Page 16



         No recourse shall be had for the payment of the principal of and premium, if any, or interest on this
Bond, or any part thereof, or for or on account of the consideration herefor, or for any claim based hereon, or
otherwise in respect hereof, or of the Trust Indenture, against any past, present or future stockholder, officer
or director of the Company or of any predecessor or successor company, whether for amounts unpaid on stock
subscriptions, or by virtue of any statue or constitution, or by the enforcement of any assessment or penalty, or
because of any representation or inference arising from the capitalization of the Company or of such predecessor
or successor company, or otherwise; all such liability being, by the acceptance hereof and as a part of the
consideration for the issue hereof, expressly released.

         This Bond shall not be valid or obligatory for any purpose until it shall have been authenticated by the
execution of the certificate of authentication hereon of The Bank of New York, as Trustee, or its successor in
trust.

         IN WITNESS WHEREOF, Southern California Edison Company has caused this Bond to be executed in its name
by its President or one of its Vice Presidents and its corporate seal to be hereto affixed and attested by its
Secretary or one of its Assistant Secretaries, as of ____________, ____, such execution and attestation to be by
manual or facsimile signatures.

                                                            SOUTHERN CALIFORNIA EDISON COMPANY

ATTEST: ______________________                              By: ___________________________
              [Assistant] Secretary                                    [Vice] President

                        (Form of Certificate of Authentication for all Series 2004C Bonds)

                                               Trustee's Certificate

         This is to certify that this Bond is one of the Bonds, of the series designated therein, described and
referred to in the Trust Indenture within mentioned.

                                            THE BANK OF NEW YORK,
                                            TRUSTEE


                                            By _________________________________
                                                              [Authorized Agent]

                                        (End of Form of Series 2004C Bond)



Page 17


                  BE IT FURTHER RESOLVED, that pursuant to the Trust Indenture, as in effect following due
execution and delivery of the One Hundred First Supplemental Indenture, the President or any Vice President and
the Secretary or any Assistant Secretary of this corporation are authorized and directed, for and in the name and
on behalf of this corporation and under its corporate seal (which seal may be either impressed, printed,
lithographed or engraved thereon), to execute (which execution may be by a facsimile signature) and to deliver
the New Bonds to The Bank of New York, as Trustee, for authentication in temporary and/or definitive form, and in
such aggregate principal amount up to $975,000,000 as the President or any Vice President and the Secretary or
any Assistant Secretary of this corporation shall in their absolute discretion determine.

                  BE IT FURTHER RESOLVED, that the President or any Vice President and the Secretary or any
Assistant Secretary of this corporation are authorized and directed for and in the name and on behalf of this
corporation and under its corporate seal, to execute and to deliver to The Bank of New York, as Trustee, the
written order of this corporation for the authentication and delivery of the New Bonds pursuant to such sections
of Article Two of the Trust Indenture as the officers acting may determine.

                  BE IT FURTHER RESOLVED, that the Secretary or any Assistant Secretary of this corporation is
hereby authorized and directed to deliver to, and file with, The Bank of New York, as Trustee, a copy of the this
certificate of actions taken, certified by the Secretary or any Assistant Secretary of this corporation.


Page 18

                  IN WITNESS WHEREOF, the undersigned has executed this certificate as of the date first written
above.

                                                     /S/ W. James Scilacci
                                                     ----------------------------------------------------
                                                     W. James Scilacci
                                                     Senior Vice President and
                                                     Chief Financial Officer
                                                     Southern California Edison Company