Edison International is engaged in the business of holding, for investment, the common stock of its subsidiaries. Edison International has three segments: an electric utility operation segment, a non utility power generation segment, and a financial services provider segment. In the electric utility operation segment, the Company operates through its subsidiary, Southern California Edison Company. On September 18, 2008, the California Public Utilities Commission ordered SoCal Edison to pay fines totaling $146 million for falsifying customer-satisfaction and worker-safety data from 1997 to 2003. The CPUC determined that SoCal Edison submitted false and misleading data pertaining to customer-satisfaction rates and employee health and safety to enable SoCal Edison to qualify for performance bonuses it received from Californians who paid excessive rates for electricity as a result of SoCal Edison's falsified data. In its findings against SoCal Edison, the CPUC specifically noted that the evidence is overwhelming that senior management knew of the manipulation and falsification

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