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Exhibit 10.107    
  


ADMINISTRATIVE AGREEMENT RE TAX ALLOCATION PAYMENTS  


        This Agreement is entered into as of July 2, 2001, among Edison International, Southern California Edison Company, The Mission Group, Edison Capital,
Mission Energy Holding Company, Edison Mission Energy, Edison O&M Services, Edison Enterprises, and Mission Land Company (the parties other than EIX are referred to herein collectively as the
"Subsidiary Parties" and each individually as a "Subsidiary Party"). 


RECITALS  


	A.
	Edison
International has entered into an Amended and Restated Agreement for the Allocation of Income Tax Liabilities and Benefits, dated as of September 10, 1996 (the "Master
Agreement"), with its first-tier subsidiaries, Southern California Edison Company and The Mission Group, providing for an allocation among the parties of tax benefits and tax liabilities
reflected in or resulting from the filing of consolidated or combined income or franchise tax returns. The Master Agreement provides for Edison International to calculate the Separate Tax Liabilities
and Separate Tax Benefits (as such terms are defined in the Master Agreement) of Southern California Edison Company and The Mission Group and of each of their respective directly or indirectly owned
subsidiaries, and to make to or receive from Southern California Edison Company and The Mission Group, respectively, net payments with respect to the aggregate Separate Tax Benefit or Separate Tax
Liability of each such company and all its respective subsidiaries.



	B.
	The
Mission Group has entered into a related Amended and Restated Tax Allocation Agreement, dated as of September 10, 1996, as supplemented by addenda thereto (the "Group
Agreement"), with its first-tier subsidiaries, Edison Capital, Mission Energy Holding Company, Edison O&M Services, Edison Enterprises, and Mission Land Company. The Group Agreement
provides for The Mission Group to use the calculations made by Edison
International under the Master Agreement and to make to or receive from Edison Capital, Mission Energy Holding Company, Edison O&M Services, Edison Enterprises, and Mission Land Company, respectively,
net payments with respect to the aggregate Separate Tax Benefit or Separate Tax Liability of each such company and all its respective subsidiaries.



	C.
	Mission
Energy Holding Company has entered into a related Tax Allocation Agreement, dated as of July 2, 2001 (the "Mission Energy Agreement"), with its first-tier
subsidiary, Edison Mission Energy. The Mission Energy Agreement provides for Mission Energy Holding Company to use the calculations made by Edison International under the Master Agreement and to make
to or receive from Edison Mission Energy net payments with respect to the aggregate Separate Tax Benefit or Separate Tax Liability of Edison Mission Energy and all its subsidiaries.



	D.
	To
promote efficient administration of payments under the Master Agreement, Group Agreement, and Mission Energy Agreement (referred to collectively herein, together with any
amendments, supplements, addenda, or successor agreements, as the "Tax Allocation Agreements"), Edison International and the Subsidiary Parties desire to provide for payments under the Tax Allocation
Agreements to be made directly between Edison International and each of the Subsidiary Parties as set forth herein. 


AGREEMENT  


        NOW, THEREFORE, in consideration of the premises and of the mutual covenants herein contained and for other good and valuable consideration, the receipt of which
is hereby acknowledged, the parties hereto agree as follows: 


	1.
	Tax Liability and Benefit Payments.    On each date that any payments under the Tax Allocation Agreements are to be made or
received by Edison International or the Subsidiary Parties (or would have been made or received if an amount had been owed or receivable), payments shall be made as follows: 



(a)  Edison
International shall pay to Southern California Edison Company or Southern California Edison Company shall pay to Edison International, as the case may be, an amount equal to
the aggregate net amount of the Separate Tax Benefits and Separate Tax Liabilities of Southern California Edison Company and its subsidiaries; 



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(b)  Edison
International shall pay to The Mission Group or The Mission Group shall pay to Edison International, as the case may be, an amount equal to the aggregate net amount of the
Separate Tax Benefits and Separate Tax Liabilities of The Mission Group and its subsidiaries (other than Mission Energy Holding Company, Edison Capital, Edison O&M Services, Edison Enterprises,
Mission Land Company, and their subsidiaries); 


(c)  Edison
International shall pay to Edison Capital or Edison Capital shall pay to Edison International, as the case may be, an amount equal to the aggregate net amount of the Separate
Tax Benefits and Separate Tax Liabilities of Edison Capital and its subsidiaries; 


(d)  Edison
International shall pay to Mission Energy Holding Company or Mission Energy Holding Company shall pay to Edison International, as the case may be, an amount equal to the
aggregate net amount of the Separate Tax Benefits and Separate Tax Liabilities of Mission Energy Holding Company and its subsidiaries (other than Edison Mission Energy and its subsidiaries); 


(e)  Edison
International shall pay to Edison Mission Energy or Edison Mission Energy shall pay to Edison International, as the case may be, an amount equal to the aggregate net amount of
the Separate Tax Benefits and Separate Tax Liabilities of Edison Mission Energy and its subsidiaries; 


(f)  Edison
International shall pay to Edison O&M Services or Edison O&M Services shall pay to Edison International, as the case may be, an amount equal to the aggregate net amount of the
Separate Tax Benefits and Separate Tax Liabilities of Edison O&M Services and its subsidiaries 


(g)  Edison
International shall pay to Edison Enterprises or Edison Enterprises shall pay to Edison International, as the case may be, an amount equal to the aggregate net amount of the
Separate Tax Benefits and Separate Tax Liabilities of Edison Enterprises and its subsidiaries; and 


(h)  Edison
International shall pay to Mission Land Company or Mission Land Company shall pay to Edison International, as the case may be, an amount equal to the aggregate net amount of
the Separate Tax Benefits and Separate Tax Liabilities of Mission Land Company and its subsidiaries. 



	2.
	Additional Subsidiaries.    Any Subsidiary Party may request Edison International to make payments for Separate Tax Benefits,
if any, directly to any subsidiary of that Subsidiary Party. In such case, that Subsidiary Party shall cause that subsidiary to make payments for Separate Tax Liabilities, if any, directly to Edison
International.



	3.
	Effect on Tax Allocation Agreements.    This Agreement establishes arrangements for the efficient administration of payments
under the Tax Allocation Agreements. Those payment arrangements and this Agreement shall not be construed to modify the rights and obligations of the parties under the Tax Allocation Agreements,
except to the extent that any obligation to make a payment under any of the Tax Allocation Agreements is satisfied by a payment made in accordance with this Agreement. Notwithstanding anything to the
contrary in this Agreement, all payments shall be subject to (a) the provisions of the Master Agreement establishing a priority for payments of Separate Tax Benefits to Southern California
Edison Company and its subsidiaries and (b) the provisions of the Group Agreement establishing a priority for payments of Separate Tax Benefits to Edison Capital and its subsidiaries. Should
any question arise as to the proper calculation or payment of the Separate Tax Benefits or Separate Tax Liabilities of Edison International or any of the Subsidiary Parties, the determination of such
question by Edison International shall be final.



	4.
	Termination.    This Agreement may be terminated at any time by Edison International in its sole discretion. Any termination
shall not by itself effect a termination of any of the Tax Allocation Agreements.



	5.
	Successors and Beneficiaries.    This Agreement may not be assigned, pledged, transferred or hypothecated by any of the
Subsidiary Parties without the express written consent of Edison International.



	6.
	Counterparts.    This Agreement may be executed in one or more counterparts, each of which shall be an original and all of
which taken together shall constitute one and the same agreement.



	7.
	Governing Law.    This Agreement shall be governed by and construed in accordance with the laws of the State of California.



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        IN
WITNESS WHEREOF, the parties have executed this Agreement by their respective officers thereunto duly authorized as of the date first above written. 



	EDISON INTERNATIONAL
	

By:	
 	

/s/  THEODORE F. CRAVER, JR.      
 Theodore F. Craver, Jr.
	
THE MISSION GROUP
	

By:	
 	

/s/  THEODORE F. CRAVER, JR.      
 Theodore F. Craver, Jr.
	
MISSION ENERGY HOLDING COMPANY
	

By:	
 	

/s/  THEODORE F. CRAVER, JR.      
 Theodore F. Craver, Jr.
	
EDISON O&M SERVICES
	

By:	
 	

/s/  WESLEY C. MOODY      
 Wesley C. Moody
	
MISSION LAND COMPANY
	

By:	
 	

/s/  THOMAS R. MCDANIEL      
 Thomas R. McDaniel
	
SOUTHERN CALIFORNIA EDISON COMPANY
	

By:	
 	

/s/  W. JAMES SCILACCI      
 W. James Scilacci
	
EDISON CAPITAL
	

By:	
 	

/s/  THOMAS R. MCDANIEL      
 Thomas R. McDaniel
	
EDISON MISSION ENERGY
	

By:	
 	

/s/  KEVIN M. SMITH      
 Kevin M. Smith
	
EDISON ENTERPRISES
	

By:	
 	

/s/  THEODORE F. CRAVER, JR.      
 Theodore F. Craver, Jr.




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Exhibit 10.107