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August 28, 2006
On August 24, 2006, the California Public Utilities Commission (CPUC) issued a final decision that grants Southern California Edison Company (SCE) a waiver from filing a test year 2007 cost of capital (COC) application for its regulated utility operations subject to CPUC jurisdiction. The table below details SCE’s 2007 authorized cost of capital and capital structure which are the same as its cost of capital and capital structure authorized for 2006.
| 2007 Authorized Cost of Capital |
|
Capitalization Ratio |
Cost |
Weighted Cost |
| Long-Term Debt |
43.00% |
6.17% |
2.65% |
| Preferred Stock |
9.00% |
6.09% |
0.55% |
| Common Equity |
48.00% |
11.60% |
5.57% |
| Total Rate of Return |
|
|
8.77% |
A copy of the decision is available on Edison International’s investor
website at www.edisoninvestor.com. The proceeding’s application number is A.06-03-029 and the decision number is D.06-08-026. SCE is expected to file a test year 2008 application by May 8, 2007.
SCE Receives Decision Waiving Filing of 2007 COC Application
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