Southern California Edison's successful recovery of historical energy and fuel-procurement expenses; The presence of legislation directing the California Public Utilities Commission to facilitate the rehabilitation of the state's utilities' credit quality; SCE and Edison Funding Co. are expected to provide sound coverage of their own financial obligations, as well as the dividends needed to cover the obligations of their parent, Edison International; and The financial ills of Mission Energy Holding Co., Edison Mission Energy, and their subsidiaries are not expected to spread to Edison International, SCE, or Edison Funding. The regulatory proceedings that will define the operational and financial profiles of the utility are ongoing and leave important issues unresolved; The expiration of California Department of Water Resources contracts will
