NEW YORK (Standard&Poor's) Feb. 16, 2005--Standard&Poor's Ratings Services said today that it raised its corporate credit rating on Edison International to 'BBB' from 'BB+'. Standard&Poor's also raised its corporate credit rating on Southern California Edison Co. (SCE) to 'BBB+' from 'BBB'. The outlook is stable. "The upgrade follows favorable regulatory developments that are viewed as supportive of credit quality and strengthening legislative and regulatory protections created in response to California's 2000-2001 energy crisis," said Standard&Poor's credit analyst David Bodek. In particular, a December 2004 California Public Utilities (CPUC) decision administratively extended legislative protection of the electric procurement component of operating cash flow that was set to expire in late 2005. Also, in
