EIX Form 11-K 2013



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

__________

FORM 11-K

FOR ANNUAL REPORTS OF EMPLOYEE STOCK
PURCHASE, SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

(Mark One):

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to ______________

Commission File Number 1-9936

EDISON 401(K) SAVINGS PLAN
(Full Title of the Plan)

EDISON INTERNATIONAL
(Name of Issuer)

2244 Walnut Grove Avenue (P.O. Box 976), Rosemead, California 91770
(Address of principal executive office)












Edison 401(k) Savings Plan
____________________________________________________________________________________________________

Financial Statements and Supplemental Schedule
As of December 31, 2013 and 2012 and for the Year Ended December 31, 2013
















2



TABLE OF CONTENTS
Report of Independent Registered Public Accounting Firm
 
 
Financial Statements
 
 
Statements of Net Assets Available for Plan Benefits as of December 31, 2013 and 2012
 
Statements of Changes in Net Assets Available for Plan Benefits for the year ended December 31, 2013
 
Notes to Financial Statements
 
 
 
 
 
Supplemental Schedule
 
 
Form 5500, Schedule H, Line 4i-Schedule of Assets (Held at End of Year)
 
 
 
 
 
Signature
 
 
Consent of Independent Registered Public Accounting Firm
Exhibit 23
Note: All schedules other than that listed above have been omitted since the information is either disclosed elsewhere in the financial statements or not required by 29 CFR 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended.




3




Report of Independent Registered Public Accounting Firm

Southern California Edison Company
Benefits Committee
Edison 401(k) Savings Plan
Rosemead, California

We have audited the accompanying statements of net assets available for plan benefits of the Edison 401(k) Savings Plan (the “Plan”) as of December 31, 2013 and 2012, and the related statement of changes in net assets available for plan benefits for the year ended December 31, 2013. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for plan benefits of the Plan as of December 31, 2013 and 2012, and the changes in net assets available for plan benefits for the year ended December 31, 2013, in conformity with accounting principles generally accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2013 is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

/s/ BDO USA, LLP
Costa Mesa, California
June 27, 2014


4











Financial Statements
____________________________________________________________________________________________________















5



Statements of Net Assets Available for Plan Benefits
Edison 401(k) Savings Plan
 
December 31,
(in thousands)
2013
 
2012
Assets
 
 
 
Investments, at fair value
$
3,988,860

 
$
3,902,698

Receivables
 
 
 
Notes receivable from participant
91,443

 
99,209

Dividends receivable
4,621

 
5,081

Interest receivable
1

 
21

Receivable from brokers and other
7,156

 
3,212

Total receivables
103,221

 
107,523

Total assets
4,092,081

 
4,010,221

 
 
 
 
Liabilities
 
 
 
Payable to brokers and others
48,555

 
38,254

Total liabilities
48,555

 
38,254

 
 
 
 
Net assets available for plan benefits
$
4,043,526

 
$
3,971,967


See accompanying notes to financial statements.

6



Statements of Changes in Net Assets Available for Plan Benefits
Edison 401(k) Savings Plan
(in thousands)
For year ended
December 31, 2013
Additions
 
Investment income
 
Dividends
$
27,851

Interest income and other
6,807

Net appreciation in fair value of investments
527,332

Total investment income
561,990

Less: Management fees
(4,885
)
Net investment income
557,105

Interest income on notes receivables from participants
4,091

Contributions
 
Employer contributions, net of forfeitures
89,203

Participant and rollover contributions
163,046

Total net contributions
252,249

Total additions
813,445

 
 
Deductions
 
Distributions to participants
741,886

Total deductions
741,886

 
 
Net increase
71,559

Net assets available for plan benefits
 
  Beginning of year
3,971,967

  End of year
$
4,043,526




See accompanying notes to financial statements.

7



NOTES TO FINANCIAL STATEMENTS
1.
Plan Description
The following description of the Edison 401(k) Savings Plan (the “Plan”), provides only general information. The Plan sponsor is the Southern California Edison Company (the “Plan Sponsor”). Participants should refer to the summary plan description and Plan document, as amended, for a more complete description of the Plan's provisions.
Nature of Plan
Eligibility
The Plan is a defined-contribution plan with a 401(k) feature, in which qualifying full-time and part-time employees of Edison International (the “Company”) and many of its subsidiary companies are eligible to participate. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. An employee, as defined by the Plan document, is eligible to participate in the Plan immediately upon employment.
Contributions
Subject to statutory limits, all participants may defer pre-tax and after-tax dollars up to 84% of eligible pay. Participating employers provide matching contributions up to 6% of a participant's eligible pay. The Company allows employees who have attained age fifty before the close of a Plan year to make catch up contributions subject to Internal Revenue Service (“IRS”) limitations. Certain participating subsidiaries also provide a fixed profit sharing contribution of 3% of eligible pay each pay period and a variable profit sharing contribution annually (if certain business objectives are reached) to the accounts of eligible employees. The Plan also accepts rollover contributions from other qualified plans.
Vesting
Participants immediately vest in their contributions plus actual earnings thereon. Employer contributions plus actual earnings thereon vest at a rate of 20% per year, except for certain employer contributions made to participating subsidiaries which vest in accordance with the provisions of the Plan document. After five years of service or reaching age 65, all existing and future employer contributions and their related earnings are fully vested.
Forfeitures
At December 31, 2013, and 2012, the unused portion of forfeited non-vested accounts totaled $29,952 and $65,117, respectively. These accounts are used to reduce future employer contributions. During 2013, employer contributions were reduced by $1,703,621 from forfeited non-vested accounts.
Plan Trust
Plan assets are held in trust with State Street Bank and Trust Company (the “Trustee”) for the benefit of participants and their beneficiaries. The mutual covenants to which the Plan Sponsor and the Trustee agree are disclosed in the trust agreement between the Plan Sponsor and the Trustee.
Plan Administration
The Plan is administered by the Southern California Edison Company Benefits Committee (the “Plan Administrator”). Effective January 1, 2012, Xerox HR Solutions, LLC (formerly Affiliated Computer Services HR Solutions, LLC), became the Plan's record keeper. The Plan provides to participants a detailed description of each investment fund choice and lists the respective investment manager.
Administrative and Investment Expenses
The Plan Sponsor pays the cost of administering the Plan, including fees and expenses of the Trustee and record keeper. The fees, taxes and other expenses incurred by the Trustee or investment managers in making investments are paid out of the applicable investment funds. These expenses also include brokerage fees for sales or purchases of Edison International Common Stock on the open market. No additional costs are incurred in connection with sales of Edison International Common Stock within the trust or the transfer of assets between funds.
Mutual funds pay fees to the Plan record keeper for administrative services to participants that would otherwise have to be provided by the mutual funds. The majority of fees received by the Plan record keeper are used to reduce the record keeping and communication expenses of the Plan paid by the Plan Sponsor. See Note 7 for a discussion of related party transactions.

8



Participant Accounts
Each participant account is adjusted for certain activities, including participant's contribution, the employer's contribution, distributions, loan activities, if applicable, and allocation of investment earnings/losses. Allocation of earnings/losses and expenses is based on account balances. The benefit to which a participant is entitled is the benefit that can be provided from the vested portion of the participant's account.
Notes Receivable from Participants
Participants may borrow from their account, a minimum of $1,000 to a maximum of $50,000, with certain restrictions. Loan transactions are treated as a transfer from (to) the investment fund to (from) participant loans. Loan terms range from one to four years for general purpose loans or up to 15 years for the purchase of a primary residence. Loans bear interest at the prime rate in effect at time of loan issuance plus one percent. Interest rates on outstanding loans range from 4.20% to 10.52% as of December 31, 2013 and mature on various dates through December 2028. Principal and interest are paid ratably through payroll deductions. Some separated participants may repay loan obligations directly, rather than through payroll deductions. Participant loans amounted to approximately $91,443,000 and $99,209,000 as of December 31, 2013, and 2012, respectively.
Distribution to Participants
Account balances are distributed as soon as practicable after a participant dies, becomes entitled to and requests a distribution, or terminates employment with an account balance of $5,000 or less. Participants may otherwise delay distribution, subject to the minimum distribution requirements under Internal Revenue Code Section 401(a)-(9). Participants may receive lump sum distributions. An installment form of distribution payment is also available to certain participants. In-service withdrawals may be taken from after-tax contributions, upon attainment of age 59½, or for certain financial hardships. Participants taking in-service withdrawals will be required to pay all applicable taxes on the withdrawals and may be subject to penalty taxes for early withdrawals taken prior to age fifty-nine and one half. Participants who terminate employment, with a vested account balance greater than $1,000 but less than or equal to $5,000 will have their vested account balance automatically rolled over to individual retirement accounts (“IRA”) selected by the Chair or Secretary of the Plan Administrator, unless the participants make a timely distribution election.
Profit Sharing
Certain non-represented employees of Edison Mission Group Inc.'s (“EMG”) participating subsidiaries are eligible for two types of profit sharing contributions:
(i)
Fixed profit sharing is comprised of a 3% profit sharing contribution each pay period to the Plan on behalf of eligible employees. Fixed profit sharing contributions in 2013 amounted to approximately $2,151,000.
(ii)
Variable profit sharing is comprised of an additional annual profit sharing contribution to the Plan on behalf of eligible employees if certain business objectives are reached. Variable profit sharing contributions made in 2014 for the 2013 plan year was 7% of eligible earnings for eligible EMG employees, for total amounts of approximately $4,458,000. The amounts were accrued and included in "Receivables from brokers and other" in the accompanying financial statements at December 31, 2013.
Edison Mission Energy Chapter 11 Bankruptcy Filing and Sale
In December 2012, Edison Mission Energy and certain of its wholly-owned subsidiaries ("EME") filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court. In March 2014, the Bankruptcy Court approved the sale of substantially all of EME’s assets to NRG Energy, Inc., as well as transactions called for in the Settlement Agreement between EME and Edison International. The sale was completed April 1, 2014.
As of December 31, 2013 and through March 31, 2014, employees of EME were eligible for benefits in accordance with the provisions of the Plan. Effective April 1, 2014, these employees are no longer eligible for certain benefits, including matching contributions, fixed profit sharing contributions and variable profit sharing contributions. This transaction will not have a material impact on the December 31, 2014 Plan's financial statements.
In addition, on January 27th, 2014, the Plan was amended such that any unvested balance in the Plan for employees of EME who were terminated in connection with the sale shall fully vest on the date that they cease to be an employee.

9



2.
Summary of Significant Accounting Policies
Basis of Accounting
The financial statements are prepared and presented on the accrual basis of accounting and in conformity with U.S. generally accepted accounting principles ("GAAP") applicable to employee benefit plans and ERISA.
Certain prior year reclassifications have been made to conform to the current year financial statement presentation.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ materially from those estimates.
Risks and Uncertainties
The Plan's investment in Edison International Common Stock amounted to approximately $608,398,000 and $693,623,000 as of December 31, 2013, and 2012, respectively. Such investments represented approximately 15% and 17% of the Plan's net assets as of December 31, 2013, and 2012, respectively. For risks and uncertainties regarding investment in the Company's common stock, participants should refer to the annual report on Form 10-K for the period ended December 31, 2013, and the quarterly report on Form 10-Q for the period ended March 31, 2014 of Edison International.

The Plan provides for various funds that hold investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risk in the near term could materially affect participants' account balances and the amounts reported in the Statements of Net Assets Available for Plan Benefits and the Statement of Changes in Net Assets Available for Plan Benefits.
The Plan participates in various investment options that include securities of foreign companies, which involve special risks and considerations not typically associated with investing in U.S. companies. These risks include devaluation of currencies, less reliable information about issuers, different securities transaction clearance and settlement practices, and possible adverse political and economic developments. Moreover, securities of many foreign companies and their markets may be less liquid and their prices more volatile than securities of comparable U.S. companies.
Investment Valuation and Income Recognition
The Plan's investments are stated at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Net Appreciation (Depreciation) in Fair Value of Investments
Realized and unrealized appreciation (depreciation) in the fair value of investments is based on the difference between the fair value of the assets at the beginning of the year, or at the time of purchase for assets purchased during the year, and the related fair value on the day investments are sold with respect to realized appreciation (depreciation), or on the last day of the year for unrealized appreciation (depreciation).
Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest.
Notes receivable from participants that are in default, as provided in the Plan document, are treated as deemed distributions for active participants, or loan offsets for terminated participants, for tax purposes and also reported as such in the Form 5500. There were no deemed distributions in 2013. Management has determined that to the extent these notes are loan offsets, they are uncollectible and written-off. For the year ended December 31, 2013, $11,274,000 of notes receivable from participants were loan offsets. This amount is included in “Distributions to participants” in the Statements of Changes in Net Assets Available for Plan Benefits.
Distributions to Participants
Distributions to participants, other than notes receivable from participants, are recorded when paid.

10



Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (referred to as an "exit price"). Fair value of an asset or liability considers assumptions that market participants would use in pricing the asset or liability, including assumptions about nonperformance risk. The Plan categorizes financial assets and liabilities into a three-level fair value hierarchy based on valuation inputs used to derive fair value. The hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are:
Level 1: The fair value of Level 1 assets and liabilities is determined using unadjusted quoted prices in active markets that are available at the measurement date for identical assets and liabilities;
Level 2: Pricing inputs other than Level 1 that are observable, either directly or indirectly, such as quoted market prices for similar assets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the financial instrument; and
Level 3: The fair value of Level 3 assets and liabilities is determined using the income approach through various models and techniques that require significant unobservable inputs. The Plan does not have any Level 3 assets and liabilities.
The asset or liability's fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. There were no changes in the valuation methods during 2013 and 2012. Plan assets carried at fair value are described below.
Edison International Common Stock and investments in equity mutual funds are valued at the unadjusted quoted prices in active or highly liquid and transparent markets and are classified as Level 1.
Collective investment funds and the money market fund are valued at the net asset value of shares held by the Plan and the unit value as reported by the investment manager. These fair values are determined by observable prices and are classified as Level 2 because they trade in markets that are not considered active. Collective investment funds consist of fixed income index funds that seek to track the Barclays Capital Aggregate Bond Index, equity index funds that seek to track the performance of the Standard and Poor’s 500 index, the Russell 1000 growth index, the Russell 2500 index, the MSCI AC World Index excluding the U.S., and a fund that invests in inflation-index bonds issued by the U.S. Treasury.
Investments in separately managed accounts (separate accounts) are managed by external investment managers and include the following. Cash and short-term interest bearing investments with initial maturities of three months or less are recorded at cost, plus accrued interest, which approximates fair value. The value of equity investments, real estate investment trusts, and US Treasury investments in separate accounts is based on quoted market prices in active or highly liquid and transparent markets and is therefore classified as Level 1. The fair value of fixed income investments (including asset-backed securities) in separate accounts are based on evaluated prices that reflect significant observable market information but are classified as Level 2 because they trade in markets that are not considered active. Separate accounts also include minor investments in derivative contracts, including options and futures traded in active markets and swap contracts valued at fair value, as determined by the investment managers taking into consideration exchange quotations on underlying instruments, dealer quotations and other market information.
The self-directed brokerage account contains investments stated at quoted market prices for equities and mutual funds and therefore are classified as Level 1. Fixed income investments in this category are classified as Level 2.
The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.



11




The following presents information about the Plan's investments that are measured at fair value on a recurring basis as of December 31, 2013 and 2012, by level within the fair value hierarchy:
 
Investments at Fair Value as of December 31, 2013
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Edison International common stock fund
$
604,434

 
$
3,964

 
$

 
$
608,398

Money market fund

 
492,451

 

 
492,451

Self-directed brokerage account a
313,188

 
4,938

 

 
318,126

Mutual fund
185,931

 

 

 
185,931

Collective investment funds:
 
 
 
 
 
 
 
U.S. stock index fund

 
703,164

 

 
703,164

TIPS fund

 
147,300

 

 
147,300

International fund

 
338,515

 

 
338,515

Fixed income (bond) fund b

 
72,154

 

 
72,154

Large cap

 
307,117

 

 
307,117

Small/Mid cap

 
132,650

 

 
132,650

Total collective investment funds

 
1,700,900

 

 
1,700,900

Separate managed funds:
 
 
 
 
 
 
 
Cash and other short-term investments

 
8,928

 

 
8,928

Mutual funds

 
34,116

 

 
34,116

Fixed income securities
40,057

 
165,067

 

 
205,124

Common and preferred stocks
 
 
 
 
 
 
 
Large cap
155,157

 

 

 
155,157

Small/Mid cap
254,030

 

 

 
254,030

Other
12,076

 
13,623

 

 
25,699

Total separate managed funds
461,320

 
221,734

 

 
683,054

Total investments at fair value
$
1,564,873

 
$
2,423,987

 
$

 
$
3,988,860


12



 
Investments at Fair Value as of December 31, 2012
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Edison International common stock fund
$
684,117

 
$
9,506

 
$

 
$
693,623

Money market fund

 
589,285

 

 
589,285

Self-directed brokerage account a
291,455

 
3,024

 

 
294,479

Mutual fund
154,669

 

 

 
154,669

Collective investment funds:
 
 
 
 
 
 
 
U.S. stock index fund

 
587,605

 

 
587,605

TIPS fund

 
238,937

 

 
238,937

International fund

 
308,966

 

 
308,966

Fixed income (bond) fund b

 
84,435

 

 
84,435

Large cap

 
130,083

 

 
130,083

Small/Mid cap

 
100,934

 

 
100,934

Total collective investment funds

 
1,450,960

 

 
1,450,960

Separate managed funds:
 
 
 
 
 
 
 
Cash and other short-term investments

 
9,873

 

 
9,873

Mutual funds

 
7,852

 

 
7,852

Fixed income securities
56,786

 
201,592

 

 
258,378

Common and preferred stocks
 
 
 
 
 
 
 
Large cap
237,747

 

 

 
237,747

Small/Mid cap
185,235

 

 

 
185,235

Other
6,526

 
14,071

 

 
20,597

Total separate managed funds
486,294

 
233,388

 

 
719,682

Total investments at fair value
$
1,616,535

 
$
2,286,163

 
$

 
$
3,902,698

a 
For self-directed accounts, at December 31, 2013 and 2012, respectively, approximately 41% and 40% was invested in mutual funds, 41% and 37% in equities, 17% and 22% in money market mutual funds and 1% and 1% in fixed-income investments.
b 
Majority of these securities consist of U.S. government securities and agency securities including U.S. treasury notes and bonds.
The Plan determines the fair value for transfers in and transfers out of each level at the end of each reporting period. There were no transfers between levels during 2013 and 2012.
3.
Investment Elections
The Trustee invests contributions in accordance with participant instructions.
Participants may elect changes to their investment mix effective each business day, with certain restrictions. The Plan imposes a seven-day trading restriction for most participants that applies to all funds except the Edison International Stock Fund. Reallocation elections are also subject to trading restrictions, redemption fees, or other measures imposed by investment fund managers. Participants may effect changes to their deferral percentages and deferral investment elections coincident with their pay frequency.
4.
Investment Options
The transfer of a participant's investment from one fund to any other fund is based on the net asset value of the units allocated to the participant's account, as of close of market on the date of transfer.
As of December 31, 2013, all participants were able to choose from among 19 investment fund offerings. These investment funds consisted of the following:
Tier 1 – Ten Target Date Funds: Premixed allocation of stocks, bonds and cash. Each Target Date fund is built from a combination of the Tier 2 core funds and designed to be more conservative over time as each fund approaches its target date.

13



Tier 2 – Edison International Stock Fund and Seven Institutional Funds representing a range of asset classes: large and small U.S. stocks (including Edison International Common Stock), cash equivalents, non-U.S. stocks and fixed income instruments, with varying degrees of risk and return.
Tier 3 – Self-Directed Brokerage Account: Allows participants to select investments from among thousands of publicly traded securities including individual equities, mutual funds, fixed income products, exchange traded funds, real estate investment trusts, and taxable unit investment trusts.
The Plan Sponsor's Trust Investment Committee may direct the Trustee to establish new investment funds or discontinue existing ones as well as change the investment medium for each investment fund. Participants should refer to the summary plan description for a more complete discussion of the various investment options.
5.
Investments
The following presents investments that represent 5 percent or more of the Plan's net assets (except as noted below):
 
December 31,
(in thousands)
2013
 
2012
Investments at fair value as determined by quoted market prices:
 
 
 
Edison International Common Stock Fund, 13,054,717 and 15,138,670
shares, respectively (See Note 7)
$
608,398

 
$
693,623

Investments at estimated fair value:
 
 
 
Money market fund (see Note 7)
492,451

 
589,285

Treasury inflated protected securities fund (less than 5% in 2013)
147,300

 
238,937

U.S. stock index fund
703,164

 
587,605

During 2013, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value as follows:
Net Appreciation in Fair Value of Investments:
(in thousands)
For year ended
December 31, 2013
Investments at fair value as determined by quoted market prices:
 
Edison International common stock fund
$
21,043

Self-directed brokerage account
41,295

 
62,338

Investments at estimated fair value:
 
Investment funds
464,994

Net appreciation in fair value of investments
$
527,332


14



6.
Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for plan benefits per the financial statements to the Form 5500:
 
December 31,
(in thousands)
2013
 
2012
Net assets available for plan benefits per the financial statements
$
4,043,526

 
$
3,971,967

Less: Amounts allocated to withdrawing participants
(2,619
)
 
(990
)
Net assets available for plan benefits per the Form 5500
$
4,040,907

 
$
3,970,977

 
 
 
 
(in thousands)
 
 
For year ended
December 31, 2013
Total deductions per the financial statements
 
 
$
741,886

Add: Amounts allocated to withdrawing participants at December 31, 2013
 
 
(2,619
)
Less: Amounts allocated to withdrawing participants at December 31, 2012
 
 
$
(990
)
Benefits paid to participants per the Form 5500
 
 
$
738,277

Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to December 31 but not paid as of that date.
7.
Related-Party Transactions
Certain Plan investments, including investments held in the trust, are shares of funds managed by the Trustee. The Plan also invests in the Edison International Common Stock Fund. The Plan Sponsor provides services to the Plan. These transactions qualify as party-in-interest transactions under ERISA.
The Money Market Fund is managed by State Street Bank and Trust Company, which also serves as the Plan's Trustee. Fees earned by the Trustee in its capacity as fund manager for the Plan were $274,664 for 2013 and were reported as “Management fees” on the Statement of Changes in Net Assets Available for Plan Benefits.
The Plan's investment options include the Company's Common Stock as a fund option. See Note 2 for a discussion of the amount of the Plan's investment in the Company's Common Stock. In addition, State Street Global Advisors, an affiliate of State Street Bank and Trust Company, is the investment manager of the Edison International Common Stock Fund. Fees earned by State Street Global Advisors in its capacity as the investment manager of the Edison International Common Stock Fund were $105,921 for 2013 and were reported as “Management fees” on the Statement of Changes in Net Assets Available for Plan Benefits.
Certain investment fund managers have provided credits to Xerox HR Solutions LLC of $427,606 for administrative and other services rendered to the Plan by the Plan Sponsor. These credits were used to reduce Xerox HR Solutions LLC’s charge to the Plan Sponsor for services provided to the Plan.

See Note 10 below regarding Edison International Common Stock Fund dividend payments.
8.
Plan Termination
Although it has not expressed intent to do so, the Plan Sponsor has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become fully vested in their accounts. The Trust will continue after termination until all Trust assets have been distributed to participants and their beneficiaries.
9.
Tax Status
The Internal Revenue Service has determined and informed the Plan Sponsor by a letter dated May 22, 2002, that the Plan and related trust as amended through November 29, 2001, are designed in accordance with the applicable qualification sections of the Internal Revenue Code (“IRC”). The Plan has been amended and restated since receiving the determination letter. However, the Plan Administrator believes that the Plan, as amended and restated effective January 1, 2011, is designed in compliance with the applicable qualification requirements of the IRC. In addition, the Plan Administrator is not aware of any operational issues that will prevent the continuation of the Plan's qualified tax status. The Plan has filed for a new determination letter on January

15



31, 2011 and the Plan received a comment letter dated May 5, 2014 from the IRS. The Plan responded on June 3, 2014 and is awaiting a further response from the IRS.
Accounting principles generally accepted in the U.S.A. require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits relative to the Plan for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax examination for years prior to 2010.
10.
Employee Stock Ownership Plan
The Edison International Common Stock Fund constitutes an employee stock ownership plan that allows for the current distribution of dividends to the accounts of all participants through the Plan. Such distributions amounted to approximately $3,372,000 for the year ended December 31, 2013. On December 12, 2013, the Board of Directors of Edison International declared a common stock dividend of $0.3550 per share which was paid on January 31, 2014 to the shareholders of record as of December 31, 2013. As the record date was at year end, dividend income of $0.3550 per share amounting to approximately $4,621,000 was accrued and included in “Dividends receivable” in the accompanying financial statements at December 31, 2013. The amount was paid on April 30, 2014. For the year ended December 31, 2012, $5,081,000 was accrued in dividend receivable and paid on January 31, 2013.

16











Supplemental Schedule
____________________________________________________________________________________________________















17




Form 5500 Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
(a)
(b)
 
(c)
(d)
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
Cost**
Current Value
(in thousands)
Edison International common stock fund
* 
Edison International
 
Common stock - no par value
 
$
608,398

Money market fund
* 
State Street Bank & Trust Co.
 
Money market fund - collective instrument in the State Street Bank short-term income fund
 
492,451

Investment funds
 
BlackRock Global Investors
 
Collective investment in the core Standard & Poor 500 index fund
 
703,164

 
BlackRock Global Investors
 
Collective investment in the core treasury inflation protected securities fund
 
147,300

 
PIMCO***
 
Separate managed account in the core bond fund
 
195,328

 
BlackRock Global Investors
 
Collective investment in the core bond fund
 
72,154

 
Dodge & Cox***
 
Separate managed account in the core bond fund
 
59,447

 
Thornburg Investment
 
Collective investment in the core international stock fund
 
169,451

 
Dodge & Cox
 
Mutual fund in the core international stock fund
 
185,931

 
BlackRock Global Investors
 
Collective investment in the core international stock fund
 
169,064

 
BlackRock Global Investors
 
Collective Investment in the core U.S. large company stock fund
 
144,685

 
BlackRock Global Investors
 
Collective investment in the core Standard & Poor 500 index fund
 
162,432

 
Institutional Capital Corporation***
 
Separate managed account in the core U.S. large company stock fund
 
157,060

 
Westwood Group***
 
Separate managed account in the core U.S. small-medium company stock fund
 
65,333

 
Delaware Investments***
 
Separate managed account in the core U.S. small-medium company stock fund
 
68,836

 
BlackRock Global Investors
 
Collective investment in the core U.S. small-medium company stock fund
 
132,650

 
AJO Partners***
 
Separate managed account in the core U.S. small-medium company stock fund
 
64,626

 
Next Century***
 
Separate managed account in the core U.S. small-medium company stock fund
 
72,424

 
 
 
Total common collective and separate managed funds
 
2,569,885

Self-directed brokerage account
 
Charles Schwab
 
Self-directed brokerage account
 
318,126

 
 
 
Total investments
 
3,988,860

Notes receivable from participants
* 
Notes receivable from participants
 
Loans with maturities varying from one to four years (or up to 15 years for purchase of a primary residence) and interest rates of 4.20% to 10.52%
 
91,443

 
 
 
Total
 
$
4,080,303

*  
Party-in interest
** 
Investments are participant-directed; therefore, disclosure of cost is not required.
*** See investment details of the separate managed investments in the appendix of the Schedule of Assets.



18



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)

(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value

Current Value
 
PIMCO
 
 FNMA TBA 15 YR
 
$
1,020,508

 
 
 
 FNMA TBA 15 YR
 
1,045,742

 
 
 
 FNMA TBA FEB 30YR SINGLE FAM
 
25,656,250

 
 
 
 FNMA TBA JAN 15 SINGLE FAM
 
1,064,023

 
 
 
 FNMA TBA FEB 30 SINGLE FAM
 
6,337,734

 
 
 
 FNMA TBA FEB 30 SINGLE FAM
 
1,082,891

 
 
 
 MORGAN STANLEY + CO INC CASH COLL (CCP)
 
107,000

 
 
 
 BBVA US SENIOR SA UNIPER BANK GUARANT 05/14 VAR
 
805,037

 
 
 
 BANC OF AMERICA COMMERCIAL MOR BACM 2006 5 A2
 
520,333

 
 
 
 BANK OF AMERICA CORP SR UNSECURED 04/15 4.5
 
1,360,029

 
 
 
 BARCLAYS CASH COLLATERAL CCBCYCUS6
 
124,000

 
 
 
 BEAR STEARNS ADJUSTABLE RATE M BSARM 2004 10 11A1
 
638,799

 
 
 
 BEAR STEARNS COMMERCIAL MORTGA BSCMS 2005 PW10 A4
 
636,568

 
 
 
 CD COMMERCIAL MORTGAGE TRUST CD 2005 CD1 A4
 
636,159

 
 
 
 COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2004 28CB 5A1
 
369,168

 
 
 
 COUNTRYWIDE HOME LOANS CWHL 2004 HYB2 6A
 
377,848

 
 
 
 CALIFORNIA ST CAS 03/40 FIXED 7.625
 
3,923,610

 
 
 
 CITIGROUP INC NOTES 10/14 5.5
 
231,284

 
 
 
 CITIGROUP INC SR UNSECURED 12/15 4.587
 
641,168

 
 
 
 CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 8 3A1
 
467,008

 
 
 
 CITIGROUP CAPITAL XIII PREFERRED STOCK 10/40 VAR
 
272,500

 
 
 
 CREDIT SUISSE MORTGAGE TRUST CSMC 2006 C5 A1A
 
1,133,366

 
 
 
 CREDIT SUISSE SEC LLC COC CREDIT SUISSE SEC FUTURES COC
 
357,000

 
 
 
 EKSPORTFINANS ASA SR UNSECURED 09/15 2.
 
886,500

 
 
 
 FANNIE MAE NOTES 05/17 5.
 
112,964

 
 
 
 FANNIE MAE NOTES 01/17 1.25
 
607,220

 
 
 
 FANNIE MAE NOTES 08/17 0.875
 
98,732

 
 
 
 FANNIE MAE NOTES 10/17 0.875
 
3,047,269

 
 
 
 FANNIE MAE NOTES 12/17 0.875
 
783,274

 
 
 
 FANNIE MAE NOTES 02/18 0.875
 
97,478

 
 
 
 FANNIE MAE NOTES 05/18 0.875
 
96,731

 
 
 
 FANNIE MAE NOTES 09/18 1.875
 
100,658

 
 
 
 FANNIE MAE FNR 2012 55 PC
 
1,664,443

 
 
 
 FREDDIE MAC FHR 3901 LA
 
235,272

 
 
 
 FREDDIE MAC NOTES 06/17 1.
 
99,400

 
 
 
 FREDDIE MAC NOTES 07/17 1.
 
397,474

 
 
 
 FREDDIE MAC NOTES 09/17 1.
 
98,829

 
 
 
 FREDDIE MAC NOTES 10/19 1.25
 
3,599,881

 
 
 
 FREDDIE MAC NOTES 01/18 0.75
 
4,574,355

 
 
 
 FREDDIE MAC NOTES 03/18 0.875
 
97,139


19



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)

(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value

Current Value
 
PIMCO
 
 FNMA POOL 469379
 
$
3,507,146

 
 
 
 FNMA POOL 471600
 
289,534

 
 
 
 FNMA POOL AH2317
 
26,713

 
 
 
 FNMA POOL AI9475
 
122,790

 
 
 
 FNMA POOL AL1983
 
494,911

 
 
 
 FANNIE MAE FNR 2004 10 ZB
 
46,625

 
 
 
 FREDDIE MAC FHR 2882 ZC
 
17,141

 
 
 
 FNMA POOL 725236
 
21,614

 
 
 
 FNMA POOL 831834
 
1,870,259

 
 
 
 FNMA POOL 888638
 
762,536

 
 
 
 FNMA POOL 889691
 
43,259

 
 
 
 FNMA POOL 894948
 
53,792

 
 
 
 FNMA POOL 995279
 
46,885

 
 
 
 FNMA POOL AE4083
 
24,012

 
 
 
 FORD MOTOR CREDIT CO LLC SR UNSECURED 04/15 7.
 
2,152,734

 
 
 
 INDYMAC INDA MORTGAGE LOAN TRU INDA 2005 AR1 3A1
 
812,722

 
 
 
 ITAU UNIBANCO S A NEW YORK
 
295,858

 
 
 
 JP MORGAN MORTGAGE TRUST JPMMT 2005 A5 2A2
 
1,840,137

 
 
 
 JPMORGAN CHASE + CO SR UNSECURED 06/15 3.4
 
1,557,660

 
 
 
 JP MORGAN CHASE COMMERCIAL MOR JPMCC 2006 LDP8 A1A
 
184,677

 
 
 
 KOREA DEVELOPMENT BANK SR UNSECURED 08/17 3.5
 
208,492

 
 
 
 LOS ANGELES CA DEPT WTR PWR LOSUTL 07/41 FIXED 7
 
568,730

 
 
 
 LOS ANGELES CA DEPT WTR PWR LOSUTL 07/41 FIXED 7.003
 
441,236

 
 
 
 MERRILL LYNCH MORTGAGE INVESTO MLMI 2003 A2 2A2
 
106,254

 
 
 
 MLCC MORTGAGE INVESTORS INC MLCC 2004 G A1
 
169,669

 
 
 
 MORGAN STANLEY CAPITAL I TRUST MSC 2005 HQ7 A4
 
525,877

 
 
 
 MORGAN STANLEY CAPITAL I TRUST MSC 2007 HQ13 A2
 
1,348,059

 
 
 
 NEW YORK CITY NY TRANSITIONALF NYCGEN 02/29 FIXED 5
 
1,616,475

 
 
 
 ONTARIO (PROVINCE OF) SR UNSECURED 10/17 1.1
 
98,870

 
 
 
 PENNSYLVANIA ST HGR EDUCTNL FA PASEDU 09/41 FIXED OID 5
 
625,218

 
 
 
 PETROBRAS INTL FIN CO COMPANY GUAR 03/18 5.875
 
639,471

 
 
 
 PETROBRAS INTL FIN CO COMPANY GUAR 03/19 7.875
 
1,132,742

 
 
 
 PIMCO FDS SHORT TERM FLTG NAV MUTUAL FUND
 
34,116,370

 
 
 
 SLM STUDENT LOAN TRUST SLMA 2002 7X A5 REGS
 
377,974

 
 
 
 RESIDENTIAL ACCREDIT LOANS, IN RALI 2005 QA1 A1
 
390,183

 
 
 
 SAN FRANCISCO CITY CNTY CA C SFOCTF 11/41 FIXED 6.487
 
1,575,525

 
 
 
 UBS CASH COLL CCP COC CCP CCUBSCUS4 COC
 
52,000

 
 
 
 STATOIL ASA 11/18 1
 
904,290


20



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
PIMCO
 
 STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
$
440,881

 
 
 
 STRUCTURED ADJUSTABLE RATE MOR SARM 2005 2 A2
 
162,509

 
 
 
 STRUCTURED ASSET SECURITIES CO SASC 2004 13 2A1
 
782,119

 
 
 
 THORNBURG MORTGAGE SECURITIES TMST 2006 5 A1
 
208,679

 
 
 
 TOTAL CAPITAL CANADA LTD COMPANY GUAR 01/14 VAR
 
1,000,189

 
 
 
 TSY INFL IX N/B 01/25 2.375
 
8,118,437

 
 
 
 TSY INFL IX N/B 01/26 2.
 
130,274

 
 
 
 TSY INFL IX N/B 01/27 2.375
 
1,867,726

 
 
 
 TSY INFL IX N/B 01/28 1.75
 
835,540

 
 
 
 TSY INFL IX N/B 01/29 2.5
 
511,367

 
 
 
 US TREASURY N/B 11/15 0.25
 
4,391,235

 
 
 
 US TREASURY N/B 11/18 1.25
 
4,012,181

 
 
 
 US TREASURY N/B 12/16 0.625
 
597,563

 
 
 
 US TREASURY N/B 12/18 1.5
 
395,468

 
 
 
 US TREASURY N/B 05/16 1.75
 
102,898

 
 
 
 US TREASURY N/B 07/16 1.5
 
204,562

 
 
 
 US TREASURY N/B 08/18 1.5
 
4,178,672

 
 
 
 US TREASURY N/B 08/16 1
 
100,938

 
 
 
 US TREASURY N/B 03/17 1.
 
200,438

 
 
 
 US TREASURY N/B 05/17 0.625
 
394,781

 
 
 
 TSY INFL IX N/B 07/22 0.125
 
1,070,191

 
 
 
 US TREASURY N/B 07/17 0.5
 
195,797

 
 
 
 US TREASURY N/B 08/17 0.625
 
196,250

 
 
 
 US TREASURY N/B 12/17 0.75
 
195,562

 
 
 
 TSY INFL IX N/B 01/23 0.125
 
95,568

 
 
 
 US TREASURY N/B 02/18 0.75
 
7,399,907

 
 
 
 US TREASURY N/B 03/18 0.75
 
1,360,187

 
 
 
 US TREASURY N/B 07/16 0.625
 
300,375

 
 
 
 US TREASURY N/B 07/18 1.375
 
99,109

 
 
 
 US TREASURY N/B 09/16 0.875
 
905,344

 
 
 
 US TREASURY N/B 10/16 0.625
 
1,297,563

 
 
 
 US TREASURY N/B 10/18 1.25
 
2,549,017

 
 
 
 US TREASURY N/B 11/16 0.625
 
5,483,242

 
 
 
 UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/32 FIXED 5
 
1,055,130

 
 
 
 BANK OF AMERICA TBA CASH COLLATERAL
 
290,000

 
 
 
 MORGAN STANLEY TBA CASH COLLATERAL
 
(145,000
)
 
 
 
 CCBCYZUS5 BARCLAYS COC CCPC US CCBCYZUS5 BARCLAYS COC CCPC US
 
55,000

 
 
 
 VERIZON COMMUNICATIONS SR UNSECURED 09/18 VAR
 
105,150



21



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
PIMCO
 
 VERIZON COMMUNICATIONS SR UNSECURED 09/16 2.5
 
$
103,404

 
 
 
 VERIZON COMMUNICATIONS SR UNSECURED 09/18 3.65
 
846,851

 
 
 
 WACHOVIA BANK COMMERCIAL MORTG WBCMT 2006 C27 A1A
 
125,983

 
 
 
 WELLS FARGO MORTGAGE BACKED SE WFMBS 2003 E A1
 
574,859

 
 
 
 CITIBANK CASH COLL CCP CCSALCUS6 CCP CASH COLL
 
209,000

 
 
 
 BOA FUTURES COC BOA FUTURES CCBOSXUS1
 
159,000

 
 
 
 CSFB CASH COLL CCP CSFB CASH COLL CCFOBCUS1
 
78,000

 
 
 
 GOLDMAN CCP USD GOLDMAN CCP CCGSCCUS0
 
243,000

 
 
 
 WISCONSIN ST GEN FUND ANNUAL A WISGEN 05/18 FIXED 5.05
 
109,349

 
 
 
 BUONI POLIENNALI DEL TES BONDS 11/15 3.
 
142,187

 
 
 
 CCGSCZUS9 GOLDMAN SACH COC ICE CCP CCGSCZUS9 CASH COLL
 
81,000

 
 
 
 SWAP BANK OF AMERICA COC SWAP CASH COLLATERAL USD
 
270,000

 
 
 
 SWAP MORGAN STANLEY BOC SWAP CASH COLLATERAL USD
 
(5,000
)
 
 
 
 MORGAN STANLEY CAP SVCS BOC SWAP CASH COLLATERAL USD
 
(95,000
)
 
 
 
 SWPC383G9 CDS USD R F 5.00000
 
309,014

 
 
 
 SWPC383G9 CDS USD P V 03MEVENT
 
(300,000
)
 
 
 
 SWPC710K4 CDS USD R F 1.00000
 
608,537

 
 
 
 SWPC710K4 CDS USD P V 03MEVENT
 
(600,000
)
 
 
 
 SWPC008M1 CDS USD R F 1.00000
 
1,494,324

 
 
 
 SWPC008M1 CDS USD P V 03MEVENT
 
(1,500,000
)
 
 
 
 SWPC885M9 CDS USD R F 1.00000
 
2,135,824

 
 
 
 SWPC885M9 CDS USD P V 03MEVENT
 
(2,100,000
)
 
 
 
 SWU0162T8 IRS MXN R F 5.60000
 
470,231

 
 
 
 SWU0162T8 IRS MXN P V 01MTIIE
 
(458,115
)
 
 
 
 SWU0271T6 IRS MXN R F 6.35000
 
38,212

 
 
 
 SWU0271T6 IRS MXN P V 01MTIIE
 
(38,176
)
 
 
 
 SWU0566V5 IRS USD R F 1.50000 CME VANILLA CCP
 
19,427,824

 
 
 
 SWU0566V5 IRS USD P V 03MLIBOR CME VANILLA CCP
 
(19,300,000
)
 
 
 
 SWU000DB9 IRS MXN R F 5.50000 VANILLA
 
310,575

 
 
 
 SWU000DB9 IRS MXN P V 01MTIIE VANILLA
 
(305,410
)
 
 
 
 SWU000L79 IRS MXN R F 5.50000 VANILLA
 
77,644

 
 
 
 SWU000L79 IRS MXN P V 01MTIIE VANILLA
 
(76,352
)
 
 
 
 SWU000UW4 IRS MXN R F 5.00000 VANILLA
 
7,633

 
 
 
 SWU000UW4 IRS MXN P V 01MTIIE VANILLA
 
(7,635
)
 
 
 
 SWU000XY7 IRS MXN R F 5.50000 VANILLA
 
105,948

 
 
 
 SWU000XY7 IRS MXN P V 01MTIIE VANILLA
 
(114,529
)
 
 
 
 SWU001QW7 IRS MXN R F 5.50000 VANILLA
 
7,063

 
 
 
 SWU001QW7 IRS MXN P V 01MTIIE VANILLA
 
(7,635
)

22



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
PIMCO
 
 SWU000UX2 IRS MXN R F 5.00000 VANILLA
 
$
22,898

 
 
 
 SWU000UX2 IRS MXN P V 01MTIIE VANILLA
 
(22,906
)
 
 
 
 SWU001RO4 IRS MXN R F 5.50000 VANILLA
 
49,443

 
 
 
 SWU001RO4 IRS MXN P V 01MTIIE VANILLA
 
(53,447
)
 
 
 
 SWU09G516 IRS BRL R F 8.86000
 
39,848

 
 
 
 SWU09G516 IRS BRL P V 00MBRCDI
 
(42,386
)
 
 
 
 BWU002SF0 IRS USD R V 03MLIBOR DUB CME SWUV02SF2 CCPVANILLA
 
12,000,000

 
 
 
 BWU002SF0 IRS USD P F 2.75000 DUB CME SWU002SF0 CCPVANILLA
 
(9,377,879
)
 
 
 
 BWU003AQ3 IRS JPY R V 06MLIBOR SWUV03AQ5 CCPVANILLA CME
 
1,617,430

 
 
 
 BWU003AQ3 IRS JPY P F 1.00000 SWU003AQ3 CCPVANILLA CME
 
(1,631,863
)
 
 
 
 SWU003FJ4 IRS USD R F 1.00000 OIS 1.0 FEDL01 101515 CME CCP
 
986,126

 
 
 
 SWU003FJ4 IRS USD P V 00MFFED FEDL01 10/15/15 CME CCP
 
(1,000,000
)
 
 
 
 SWU003RI3 IRS BRL R F 9.09500 NDFPREDISWAP
 
39,773

 
 
 
 SWU003RI3 IRS BRL P V 00MCETIP NDFPREDISWAP
 
(42,386
)
 
 
 
 SWU004LI7 IRS MXN R F 5.75000 VANILLA
 
75,001

 
 
 
 SWU004LI7 IRS MXN P V 01MTIIE VANILLA
 
(76,352
)
 
 
 
 SWU004M21 IRS MXN R F 5.75000 VANILLA
 
7,094

 
 
 
 SWU004M21 IRS MXN P V 01MTIIE VANILLA
 
(7,635
)
 
 
 
 SWU004MY1 IRS MXN R F 5.75000 VANILLA
 
7,094

 
 
 
 SWU004MY1 IRS MXN P V 01MTIIE VANILLA
 
(7,635
)
 
 
 
 SWU004NJ3 IRS MXN R F 5.75000 VANILLA
 
7,094

 
 
 
 SWU004NJ3 IRS MXN P V 01MTIIE VANILLA
 
(7,635
)
 
 
 
 SWU004PA0 IRS MXN R F 6.00000 VANILLA
 
7,233

 
 
 
 SWU004PA0 IRS MXN P V 01MTIIE VANILLA
 
(7,635
)
 
 
 
 BWU004X94 IRS USD R V 03MLIBOR CME CCP
 
2,100,000

 
 
 
 BWU004X94 IRS USD P F 3.50000 CME CCP
 
(1,930,625
)
 
 
 
 SWU005K20 IRS USD R F 3.00000 CCP VANILLA CME
 
20,298,601

 
 
 
 SWU005K20 IRS USD P V 03MLIBOR CCP VANILLA CME
 
(20,200,000
)
 
 
 
 SWPC479Z2 CDS USD R F 1.00000 SOVEREIGN
 
1,704,942

 
 
 
 SWPC479Z2 CDS USD P V 03MEVENT SOVEREIGN
 
(1,700,000
)
 
 
 
 SWPC969Z9 CDS USD R F 1.00000 BRC MYC 1 CCPCDX
 
610,741

 
 
 
 SWPC969Z9 CDS USD P V 03MEVENT BRC MYC 2 CCPCDX
 
(600,000
)
 
 
 
 SWPC932Z3 CDS EUR R F 1.00000
 
1,537,326

 
 
 
 SWPC932Z3 CDS EUR P V 03MEVENT CDS CCP ICE
 
(1,515,744
)
 
 
 
 SWPC00Y83 CDS USD R F 1.00000 SOVEREIGN
 
792,430

 
 
 
 SWPC00Y83 CDS USD P V 03MEVENT SOVEREIGN
 
(800,000
)
 
 
 
 SWPC236P8 CDS USD R F 1.00000 SOVEREIGN
 
1,584,861

 
 
 
 SWPC236P8 CDS USD P V 03MEVENT SOVEREIGN
 
(1,600,000
)


23



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
PIMCO
 
 SWU006FZ1 IRS USD R F 1.50000 SWU006FZ1 CCPVANILLA CME
 
$
28,370,208

 
 
 
 SWU006FZ1 IRS USD P V 03MLIBOR SWUV06FZ3 CCPVANILLA CME
 
(28,400,000
)
 
 
 
 317U300E9 IRO EUR 1Y C0.4 GLM MAR14 0.4 CALL
 
(297
)
 
 
 
 317U301E8 IRO EUR 1Y C0.4 BOA MAR14 0.4 CALL
 
(1,483
)
 
 
 
 317U298E3 IRO EUR 1Y P0.4 BOA MAR14 0.4 PUT
 
(332
)
 
 
 
 317U299E2 IRO EUR 1Y P0.4 GLM MAR14 0.4 PUT
 
(66
)
 
 
 
 317U293E8 IRO EUR 1Y P0.4 BRC MAR14 .4 PUT
 
(66
)
 
 
 
 317U292E9 IRO EUR 1Y C0.4 BRC MAR14 .4 CALL
 
(297
)
 
 
 
 317U934E3 IRO USD 10Y C RYL JAN14 2.5 CALL
 

 
 
 
 317U933E4 IRO USD 10Y P RYL JAN14 3.5 PUT
 
(177
)
 
 
 
 317U149F1 IRO USD 5Y P 2.0000 JAN14 2 PUT
 
(11,504
)
 
 
 
 317U148F2 IRO USD 5Y C 1.4000 JAN14 1.4 CALL
 
(66
)
 
 
 
 317U193F6 IRO USD 2Y1Y P2 MYC MAR14 2.0 PUT
 
(15,925
)
 
 
 
 317U219F6 IRO USD 2Y1Y P 2.000 MAR14 2 PUT
 
(5,067
)
 
 
 
 317U253F3 IRO USD 5Y P 1.8000 JAN14 1.8 PUT
 
(7,043
)
 
 
 
 EUR 3Y MIDCV OP MAR14P 97.375 EXP 03/14/2014
 
(7,000
)
 
 
 
 317U305F1 IRO USD 10Y P 2.9000 MAR14 2.9 PUT
 
(13,982
)
 
 
 
 317U306F0 IRO USD 10Y C 2.4000 MAR14 2.4 CALL
 
(28
)
 
 
 
 317U311F3 IRO USD 10Y C 2.5000 MAR14 2.5 CALL
 
(48
)
 
 
 
 317U312F2 IRO USD 10Y C2.6 GLM MAR14 2.6 CALL
 
(101
)
 
 
 
 317U320F2 IRO USD 5Y C 1.4 GLM MAY14 1.4 CALL
 
(353
)
 
 
 
 317U318F6 IRO USD 5Y P 1.9 GLM MAY14 1.9 PUT
 
(11,246
)
 
 
 
 317U321F1 IRO USD 5Y C 1.4 MYC MAY14 1.4 CALL
 
(470
)
 
 
 
 317U329F3 IRO USD 10Y P 3.1000 MAR14 3.1 PUT
 
(12,443
)
 
 
 
 317U342F6 IRO USD 10Y C 2.6500 MAR14 2.65 CALL
 
(88
)
 
 
 
 317U341F7 IRO USD 10Y P 3.1000 MAR14 3.1 PUT
 
(4,452
)
 
 
 
 3175G77L2 CDX.0 C0.6 5Y BNP MAR14 0.6 CALL
 
(410
)
 
 
 
 3175G77K4 CDX.0 P0.9 5Y BNP MAR14 0.9 PUT
 
(174
)
 
 
 
 3175H7764 ITRAXX.O C 0.70 EU20 MAR14 0.7 CALL
 
(407
)
 
 
 
 3175H7772 ITRAXX.O P 1.10 EU20 MAR14 1.1 PUT
 
(83
)
 
 
 
 BONOS Y OBLIG DEL ESTADO BONDS 07/15 4
 
3,002,005

 
 
 
 BUONI POLIENNALI DEL TES BONDS 03/15 2.5
 
420,528

 
 
 
 COUGAR CLO COUGR I A REGS
 
831,961

 
 
 
 BUONI POLIENNALI DEL TES BONDS 07/15 4.5
 
1,446,429

 
 
 
 BONOS Y OBLIG DEL ESTADO BONDS 10/15 3.75
 
287,057

 
 
 
 GRANITE MASTER ISSUER PLC GRANM 2006 1X A7 REGS
 
380,347

 
 
 
 MEXICAN CETES BILLS 01/14 0.00000
 
465,382

 
 
 
 CERT DI CREDITO DEL TES BONDS 06/15 0.00000
 
135,423


24



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
PIMCO
 
 BUONI ORDINARI DEL TES BILLS 09/14 0.00000
 
$
1,507,074

 
 
 
 BUONI ORDINARI DEL TES BILLS 10/14 0.00000
 
1,642,940

 
 
 
 GRANITE MASTER ISSUER PLC GRANM 2005 1 A5 REGS
 
356,727

 
 
 
 GRANITE MASTER ISSUER PLC GRANM 2005 1 A6 REGS
 
338,086

 
 
 
 BUONI POLIENNALI DEL TES BONDS 08/15 3.75
 
859,179

 
 
 
 SBERBANK (SB CAP SA) SR UNSECURED REGS 07/15 5.499
 
316,500

 
 
 
 ODEBRECHT DRILL VIII/IX SR SECURED REGS 06/21 6.35
 
922,500

 
 
 
 ICICI BANK LTD/HONG KONG SR UNSECURED REGS 11/20 5.75
 
1,028,700

 
 
 
 Total PIMCO
 
195,327,791

 
Dodge & Cox
 
 TIME WARNER INC COMPANY GUAR 04/31 7.625
 
917,535

 
 
 
 AT+T INC SR UNSECURED 02/39 6.55
 
567,650

 
 
 
 AMERICAN INTL GROUP SR UNSECURED 09/14 4.25
 
179,374

 
 
 
 BAC CAPITAL TRUST XI LIMITD GUARA 05/36 6.625
 
590,941

 
 
 
 BANK OF AMERICA CORP SR UNSECURED 06/19 7.625
 
731,793

 
 
 
 BOSTON PROPERTIES LP SR UNSECURED 05/21 4.125
 
612,956

 
 
 
 BOSTON SCIENTIFIC CORP SR UNSECURED 01/20 6.
 
602,716

 
 
 
 BURLINGTN NORTH SANTA FE SR UNSECURED 06/21 4.1
 
924,549

 
 
 
 CIGNA CORP SR UNSECURED 05/19 8.5
 
228,692

 
 
 
 CIGNA CORP SR UNSECURED 06/20 5.125
 
582,302

 
 
 
 CALIFORNIA ST CAS 03/40 FIXED 7.625
 
1,621,759

 
 
 
 CAPITAL ONE FINANCIAL CO SR UNSECURED 07/21 4.75
 
611,426

 
 
 
 CHASE ISSUANCE TRUST CHAIT 2012 A8 A8
 
684,067

 
 
 
 CITIGROUP INC SR UNSECURED 11/17 6.125
 
259,360

 
 
 
 CITIGROUP INC SUBORDINATED 07/22 4.05
 
173,050

 
 
 
 CITIGROUP CAPITAL XIII PREFERRED STOCK 10/40 VAR
 
637,650

 
 
 
 COMCAST CORP COMPANY GUAR 02/18 5.875
 
573,497

 
 
 
 COX COMMUNICATIONS INC SR UNSECURED 08/28 6.8
 
581,021

 
 
 
 DOW CHEMICAL CO/THE SR UNSECURED 05/19 8.55
 
583,620

 
 
 
 DOW CHEMICAL CO/THE SR UNSECURED 05/39 9.4
 
373,477

 
 
 
 ERP OPERATING LP SR UNSECURED 04/23 3
 
296,771

 
 
 
 EXPORT IMPORT BK KOREA SR UNSECURED 01/17 4.
 
397,272

 
 
 
 FED HM LN PC POOL G01976
 
233,205

 
 
 
 FED HM LN PC POOL G04715
 
260,365

 
 
 
 FED HM LN PC POOL G07338
 
238,237

 
 
 
 FED HM LN PC POOL G07480
 
1,102,268

 
 
 
 FED HM LN PC POOL G07491
 
779,883

 
 
 
 FED HM LN PC POOL G07515
 
344,922



25



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Dodge & Cox
 
 FED HM LN PC POOL G12511
 
$
1,273,094

 
 
 
 FED HM LN PC POOL G13824
 
1,101,767

 
 
 
 FED HM LN PC POOL G14585
 
1,166,121

 
 
 
 FED HM LN PC POOL G14678
 
328,952

 
 
 
 FED HM LN PC POOL G08271
 
198,001

 
 
 
 FED HM LN PC POOL 1G2201
 
122,693

 
 
 
 FED HM LN PC POOL Q02552
 
399,278

 
 
 
 FED HM LN PC POOL Q03086
 
519,053

 
 
 
 FEDEX CORP 1998 PASS TST PASS THRU CE 07/23 6.72
 
452,200

 
 
 
 FANNIE MAE FNR 2013 106 MA
 
267,376

 
 
 
 FREDDIE MAC FHR 4283 EW
 
1,163,695

 
 
 
 FNMA POOL AL0376
 
280,881

 
 
 
 FNMA POOL AL1845
 
312,750

 
 
 
 FANNIE MAE FNR 2005 87 FB
 
708,529

 
 
 
 FANNIE MAE FNR 2009 66 ET
 
341,644

 
 
 
 FREDDIE MAC REFERENCE REMIC FHRR R008 ZA
 
340,267

 
 
 
 FANNIE MAE FNR 2007 50 DZ
 
492,301

 
 
 
 FNMA POOL 704235
 
177,067

 
 
 
 FNMA POOL 725457
 
267,763

 
 
 
 FNMA POOL 725228
 
3,681

 
 
 
 FNMA POOL 725229
 
246,707

 
 
 
 FNMA POOL 735503
 
5,662

 
 
 
 FNMA POOL 888368
 
1,261,698

 
 
 
 FNMA POOL 888560
 
239,795

 
 
 
 FNMA POOL 889072
 
1,070,062

 
 
 
 FNMA POOL 889984
 
969,118

 
 
 
 FNMA POOL 965097
 
318,018

 
 
 
 FNMA POOL 976853
 
438,037

 
 
 
 FNMA POOL 995006
 
171,906

 
 
 
 FNMA POOL 995051
 
227,797

 
 
 
 FNMA POOL AB1763
 
138,732

 
 
 
 FNMA POOL AB3301
 
180,743

 
 
 
 FNMA POOL MA0792
 
1,274,044

 
 
 
 FNMA POOL AD0198
 
221,245

 
 
 
 FNMA POOL AD0244
 
1,341,415

 
 
 
 FNMA POOL AE0952
 
966,212

 
 
 
 FORD MOTOR CREDIT CO LLC SR UNSECURED 09/15 5.625
 
269,068

 
 
 
 FORD MOTOR CREDIT CO LLC SR UNSECURED 02/21 5.75
 
588,140



26



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Dodge & Cox
 
 FORD MOTOR CREDIT CO LLC SR UNSECURED 08/21 5.875
 
$
226,742

 
 
 
 FORD MOTOR CREDIT CO LLC SR UNSECURED 08/23 4.375
 
201,072

 
 
 
 GENERAL ELEC CAP CORP SR UNSECURED 01/20 5.5
 
629,840

 
 
 
 GENERAL ELEC CAP CORP SR UNSECURED 09/20 4.375
 
54,189

 
 
 
 GENERAL ELEC CAP CORP SR UNSECURED 01/21 4.625
 
136,306

 
 
 
 HCA INC SR UNSECURED 03/14 5.75
 
908,100

 
 
 
 HCA INC SR UNSECURED 02/16 6.5
 
710,938

 
 
 
 HSBC HOLDINGS PLC SUBORDINATED 09/37 6.5
 
561,800

 
 
 
 HSBC HOLDINGS PLC SR UNSECURED 04/21 5.1
 
194,504

 
 
 
 HEALTH NET INC SR UNSECURED 06/17 6.375
 
215,500

 
 
 
 HEWLETT PACKARD CO SR UNSECURED 03/18 5.5
 
166,819

 
 
 
 HEWLETT PACKARD CO SR UNSECURED 12/16 3.3
 
261,657

 
 
 
 ILLINOIS ST ILS 03/16 FIXED 4.961
 
292,735

 
 
 
 ILLINOIS ST ILS 03/17 FIXED 5.365
 
461,231

 
 
 
 ILLINOIS ST ILS 03/18 FIXED 5.665
 
381,143

 
 
 
 JPMORGAN CHASE + CO SUBORDINATED 05/23 3.375
 
302,900

 
 
 
 LAFARGE SA SR UNSECURED 07/16 6.5
 
801,125

 
 
 
 LEGG MASON INC SR UNSECURED 05/19 5.5
 
333,647

 
 
 
 LOS ANGELES CA UNIF SCH DIST LOSSCD 07/34 FIXED 6.758
 
307,285

 
 
 
 MACYS RETAIL HLDGS INC COMPANY GUAR 07/24 6.65
 
1,227,145

 
 
 
 NEW JERSEY ST TURNPIKE AUTH NJSTRN 01/41 FIXED 7.102
 
636,720

 
 
 
 21ST CENTURY FOX AMERICA COMPANY GUAR 03/37 6.15
 
164,863

 
 
 
 21ST CENTURY FOX AMERICA COMPANY GUAR 11/37 6.65
 
145,908

 
 
 
 NOKIA CORP SR UNSECURED 05/19 5.375
 
337,188

 
 
 
 NORDSTROM INC SR UNSECURED 01/18 6.25
 
289,226

 
 
 
 PETROBRAS INTL FIN CO COMPANY GUAR 01/21 5.375
 
843,530

 
 
 
 PETROBRAS GLOBAL FINANCE COMPANY GUAR 05/23 4.375
 
89,089

 
 
 
 REED ELSEVIER CAPITAL COMPANY GUAR 01/19 8.625
 
501,488

 
 
 
 ROYAL BK SCOTLND GRP PLC SUBORDINATED 12/23 6.
 
100,712

 
 
 
 ROYAL BK SCOTLND GRP PLC SUBORDINATED 12/22 6.125
 
511,001

 
 
 
 ROYAL BK OF SCOTLAND PLC BANK GUARANT 03/16 4.375
 
53,360

 
 
 
 ROYAL BK OF SCOTLAND PLC BANK GUARANT 01/21 6.125
 
198,076

 
 
 
 SLM CORP SR UNSECURED 06/18 8.45
 
64,075

 
 
 
 SLM CORP SR UNSECURED 01/16 6.25
 
135,000

 
 
 
 SLM CORP SR UNSECURED 01/17 6.
 
378,875

 
 
 
 SPRINT COMMUNICATIONS SR UNSECURED 12/16 6
 
327,375

 
 
 
 STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
1,470,840

 
 
 
 TELECOM ITALIA CAPITAL COMPANY GUAR 06/19 7.175
 
319,913



27



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Dodge & Cox
 
 TELECOM ITALIA CAPITAL COMPANY GUAR 07/36 7.2
 
$
96,250

 
 
 
 TELECOM ITALIA CAPITAL COMPANY GUAR 06/18 6.999
 
332,250

 
 
 
 TIME WARNER CABLE INC COMPANY GUAR 07/38 7.3
 
149,577

 
 
 
 TIME WARNER CABLE INC COMPANY GUAR 04/19 8.25
 
907,916

 
 
 
 TIME WARNER CABLE INC COMPANY GUAR 09/41 5.5
 
165,723

 
 
 
 UNION PACIFIC RR CO 07 3 PASS THRU CE 01/31 6.176
 
597,425

 
 
 
 US TREASURY N/B 02/14 0.25
 
300,070

 
 
 
 US TREASURY N/B 07/14 0.125
 
2,250,263

 
 
 
 US TREASURY N/B 09/15 0.25
 
349,713

 
 
 
 VERIZON COMMUNICATIONS SR UNSECURED 09/23 5.15
 
778,427

 
 
 
 VERIZON COMMUNICATIONS SR UNSECURED 09/43 6.55
 
526,482

 
 
 
 VULCAN MATERIALS SR UNSECURED 12/16 6.5
 
112,000

 
 
 
 VULCAN MATERIALS SR UNSECURED 06/21 7.5
 
256,500

 
 
 
 WELLPOINT INC SR UNSECURED 02/19 7
 
739,188

 
 
 
 WELLS FARGO + COMPANY SR UNSECURED 04/21 4.6
 
328,868

 
 
 
 XEROX CORPORATION SR UNSECURED 02/17 6.75
 
1,078,961

 
 
 
 Total Dodge & Cox
 
59,447,394

 
Institutional Capital Corporation
 
 BANK OF AMERICA CORP COMMON STOCK USD.01
 
5,199,602

 
 
 
 BAXTER INTERNATIONAL INC COMMON STOCK USD1.
 
5,657,893

 
 
 
 BOEING CO/THE COMMON STOCK USD5.
 
3,466,846

 
 
 
 CVS CAREMARK CORP COMMON STOCK USD.01
 
3,388,840

 
 
 
 CAPITAL ONE FINANCIAL CORP COMMON STOCK USD.01
 
5,316,734

 
 
 
 CISCO SYSTEMS INC COMMON STOCK USD.001
 
3,319,233

 
 
 
 CITIGROUP INC COMMON STOCK USD.01
 
5,049,459

 
 
 
 COCA COLA CO/THE COMMON STOCK USD.25
 
2,813,211

 
 
 
 ENCANA CORP COMMON STOCK NPV
 
1,971,963

 
 
 
 EXELON CORP COMMON STOCK NPV
 
3,445,662

 
 
 
 EXXON MOBIL CORP COMMON STOCK NPV
 
8,323,700

 
 
 
 FORD MOTOR CO COMMON STOCK USD.01
 
3,926,164

 
 
 
 GENERAL ELECTRIC CO COMMON STOCK USD.06
 
9,488,155

 
 
 
 HALLIBURTON CO COMMON STOCK USD2.5
 
4,334,050

 
 
 
 HONEYWELL INTERNATIONAL INC COMMON STOCK USD1.
 
3,901,499

 
 
 
 JPMORGAN CHASE + CO COMMON STOCK USD1.0
 
4,178,396

 
 
 
 JOHNSON + JOHNSON COMMON STOCK USD1.
 
2,683,587

 
 
 
 JOHNSON CONTROLS INC COMMON STOCK USD.01388
 
4,363,065

 
 
 
 MARATHON OIL CORP COMMON STOCK USD1.
 
3,704,735

 
 
 
 MONSANTO CO COMMON STOCK USD.01
 
4,423,073



28



Appendix of Schedule H - Schedule of Assets (Held at End of Year)
December 31, 2013
Edison 401(k) Savings Plan
 
 
 
EIN: 95-1240335
 
 
 
 
Plan Number: 002
 
 
 
 
 
 
 
(a)
(b)
 
(c)
 
(e)
 
Identity of Issuer, Borrower, Lessor, or Similar Party
 
Description of Investment Including Maturity Date, Rate of Interest, Par or Maturity Value
 
Current Value
 
Institutional Capital Corporation
 
 MOSAIC CO/THE COMMON STOCK USD.01
 
$
1,836,440

 
 
 
 NETAPP INC COMMON STOCK USD.001
 
2,340,866

 
 
 
 NOVARTIS AG ADR ADR
 
2,339,058

 
 
 
 ORACLE CORP COMMON STOCK USD.01
 
4,466,855

 
 
 
 PNC FINANCIAL SERVICES GROUP COMMON STOCK USD5.
 
5,329,746

 
 
 
 PFIZER INC COMMON STOCK USD.05
 
9,761,781

 
 
 
 SOUTHWESTERN ENERGY CO COMMON STOCK USD.01
 
2,639,043

 
 
 
 STATE STREET BANK + TRUST CO SHORT TERM INVESTMENT FUND
 
1,903,281

 
 
 
 SYMANTEC CORP COMMON STOCK USD.01
 
2,164,644

 
 
 
 TEXAS INSTRUMENTS INC COMMON STOCK USD1.
 
4,880,597

 
 
 
 TIME WARNER INC COMMON STOCK USD.01
 
6,647,175

 
 
 
 UNITEDHEALTH GROUP INC COMMON STOCK USD.01
 
4,054,905

 
 
 
 VIACOM INC CLASS B COMMON STOCK USD.001
 
5,000,215

 
 
 
 VODAFONE GROUP PLC SP ADR ADR
 
7,060,076

 
 
 
 COVIDIEN PLC COMMON STOCK USD.2