The ratings for Edison International, a holding company, principally reflect the projected financial and credit profiles of its wholly owned subsidiary Southern California Edison (SCE). Edison International's other principal subsidiary company is The Mission Group (TMG). Mission Energy Holding Co and its subsidiary Edison Mission Energy are subsidiaries of TMG. Other TMG subsidiaries include Edison Capital and Edison Enterprises. Edison International created Mission Energy Holding in June 2001 as a wholly owned indirect subsidiary for the exclusive purpose of issuing notes and securing a term loan that enabled Edison International to repay $1.2 billion of debt that matured in 2001. Mission Energy Holding's senior secured notes and term loan are secured by a first priority security interest in Edison Mission
