SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 3, 1998
CALIFORNIA INFRASTRUCTURE AND ECONOMIC
DEVELOPMENT BANK SPECIAL PURPOSE TRUST SCE-1
(Issuer of Certificates)
SCE FUNDING LLC
(Exact Name of Registrant as Specified in Charter)
Delaware 333-30785 95-46440661
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation File Number) Identification No.)
2244 Walnut Grove Avenue, Room 180, Rosemead, CA 91770
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (626) 302-1850
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(Former Name or Former Address, if Changed Since Last Report)
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Items 1 through 4, 6, and 8 through 9 are not included because they are not
applicable.
Item 5. Other Events
California Proposition 9
On November 3, 1998, California voters rejected the voter initiative
designated as Proposition 9. Approximately 73 percent of the total votes cast
were voted against the proposition. Proposition 9 would have amended
California's electric restructuring legislation so as, among other things, to
restrict the recovery of certain utility investments and prohibit the collection
of customer charges for the payment of rate reduction certificates.
Harvey Rosenfield of Californians against Utility Taxes (CUT), one of
the principal backers of Proposition 9, has been quoted in the press as saying
that supporters of Proposition 9 may consider filing a lawsuit to challenge the
use of customer-financed bonds or prevent customers from being billed for the $6
billion of rate reduction certificates issued in California. The registrant is
unable to predict whether or when any parties will file lawsuits or take other
actions to accomplish the objectives of Proposition 9, or the outcome if they do
so.
This matter was previously discussed in Part II, Item 1 of the
registrant's Quarterly Report on Form 10-Q for the quarter ended September 30,
1998.
(a) Financial Statements of Businesses Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Exhibits. None
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SCE FUNDING LLC
By: Kenneth S. Stewart
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Kenneth S. Stewart
Secretary and General Counsel
November 13, 1998
