Southern California Edison in $250 Million Preference Stock Offering

January 17, 2012

Cleary Gottlieb represented Barclays Capital, J.P. Morgan Securities, Morgan Stanley and The Williams Capital Group as representatives of the underwriters in a registered offering by Southern California Edison of 250,000 shares of the Series E Preference Stock (Cumulative, $1,000 Liquidation Value). The transaction closed on January 17, 2012.

Southern California Edison supplies electricity to a 50,000 square mile service area in coastal, central and southern California.

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Southern California Edison in $250 Million Preference Stock Offering