UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2003.

[ ] TRANSITION  REPORT  PURSUANT TO SECTION 13 15(d) OF THE SECURITIES  EXCHANGE
      ACT OF 1934

For the transition period from ________________to ___________________
                        Commission File Number: 000-24595

                             EDISON RENEWABLES, INC.
        (Exact name of small business issuer as specified in its charter)



   Nevada                                      88-0343832
(State or other                     (IRS Employer Identification No.)
jurisdiction of
incorporation or organization)


                  1940 Deer Park Ave, Deer Park, New York 11729
                    (Address of principal executive offices)


                                 (516) 977-3425
                (Issuer's telephone number, including area code)

There are 214,475  shares of common stock issued and  outstanding as of June 30,
2003.

                                        1
<PAGE>


                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Unaudited financial statements for the quarter ended June 30, 2003.

<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

EDISON RENEWABLES, INC.
(A Development Stage Company)


                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)


                                                      June 30, 2003
                                                      --------------
     ASSETS
CURRENT ASSETS
  Cash and cash equivalents                                  $      -
                                                          -----------
     Total assets                                            $      -
                                                          ===========
     LIABILITIES AND STOCKHOLDERS' EQUITY
 CURRENT LIABILITIES
   Accounts payable                                          $27,793
   Advances from stockholder                                  39,440
                                                          -----------
     Total current liabilities                                67,233
                                                          -----------
STOCKHOLDERS' DEFICIT
 Common stock, $0.001 par value;
 200,000,000 shares authorized,
 214,475 shares issued and                                       214
 outstanding
  Additional paid-in-capital                                 298,976
   Deficit accumulated during the development stage         (366,423)
                                                          -----------
     Total stockholders' deficit                             (67,233)
                                                          -----------
     Total liabilities and stockholders' deficit           $       -
                                                          ===========
</TABLE>
                                        2
<PAGE>


                             EDISON RENEWABLES, INC.
                          (A Development Stage Company)

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (Unaudited)

<TABLE>
<CAPTION>
<S>                                                                                 <C>
                                                                                             October 12,
                                                                                                1999
                                        Qtr Ended        Qtr Ended                          (inception) to
                                         June 30,         June 30,                             June 30,
                                           2003             2002                                 2003

Revenue                                     $     -           $      -                           $     -

Product and website development                   -                  -                           164,130
General and administrative  expenses          7,204                  -                           202,293

                                         ----------         ----------                        ----------
Loss from operations before
 provision for income taxes                  (7,204)                 -                         (366,423)

Provision for income taxes                        -                  -                                 -
                                         ----------         ----------                        ----------
Net loss                                    $(7,204)          $      -                        $ (366,423)
                                         ==========         ==========                        ==========
Net loss per share - basic and diluted     $  (0.03)          $      -                          $ (2.08)
                                         ==========         ==========                        ==========
Weighted average number of common
shares outstanding                          214,475            217,400                           176,255
                                         ==========         ==========                        ==========

</TABLE>
                                                3
<PAGE>

<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                             EDISON RENEWABLES, INC.
                          (A Development Stage Company)


                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                                                                                 Deficit
                                                                                               Accumulated
                                                     Common Stock                Additional     During the
                                              -----------------------------      Paid-in        Development
                                                  Shares            Amount       Capital          Stage           Total
                                              --------------   ------------    -----------    -------------    ------------
Balance, October 12, 1999 (Inception)                      -      $       -    $         -      $         -    $          -

Sale of common stock, October 12, 1999               120,625            120           (110)               -              10
Expenses paid by shareholder                               -              -         94,101                -          94,101
Capital contribution                                       -              -          4,159                -           4,159
Net loss                                                   -              -              -          (94,101)        (94,101)
                                              --------------   ------------    -----------    -------------    ------------
Balance, March 31, 2000                              120,625            120         98,150          (94,101)          4,169

Acquisition of public shell
 corporation, January 24, 2001                        65,850             66            (66)               -               -
Cash to be paid for acquisition                            -              -     (2,000,000)               -      (2,000,000)
Capital contribution                                       -              -        129,420                -         129,420
Net loss                                                   -              -              -         (161,199)       (161,199)
                                              --------------   ------------    -----------    -------------    ------------
Balance, March 31, 2001                              186,475            186     (1,772,496)        (255,300)     (2,027,610)

Shares issued for services - July 17, 2001             3,675              4         22,046                -          22,050
Shares issued for services - August 10, 2001           6,250              6         24,994                -          25,000
Shares issued for services - November 14, 2001         6,000              6         11,994                -          12,000
Shares issued for services - January 11, 2002         15,000             15         29,985                -          30,000
Forgiveness of cash for acquisition                        -              -      2,000,000                -       2,000,000
Net loss                                                   -              -              -         (110,083)       (110,083)
                                              --------------   ------------    -----------    -------------    ------------
Balance, March 31, 2002                              217,400            217        316,523        (365,383)        (48,643)

Shares cancelled - October 22, 2002                   (2,925)            (3)       (17,547)               -         (17,550)

Net Income                                                 -              -              -            6,164           6,164
                                              --------------   ------------    -----------    --------------   ------------
Balance, March 31, 2003                              214,475            214        298,976         (359,219)        (60,029)

Net loss                                                   -               -              -          (7,204)         (7,204)
                                              --------------   ------------    -----------    --------------   -------------
Balance, June 30, 2003                               214,475        $  214     $  298,976      $   (366,423)     $  (67,233)
                                              ==============   ============    ===========    ==============   =============


</TABLE>
                                                4
<PAGE>


<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                             EDISON RENEWABLES, INC.
                          (A Development Stage Company)

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                     (Unaudited)
                                                                                           October 12, 1999
                                                   Quarter ended       Quarter ended         (Inception)
                                                       June 30,           June 30,            to June 30,
                                                         2003              2002                  2003
                                                     -----------         ---------          --------------
CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss                                           $    (7,204)        $        -          $ (366,423)
   Adjustments to reconcile net loss to net cash
   provided by operating activities:
   Cancellation of shares previously issued for
   services                                                     -                  -             (17,550)
     Expenses paid by shareholder                              54                  -              262,961
     Change in accounts payable                             7,150                  -               27,793
     Stock-based compensation                                   -                  -               89,050
                                                    ------------         -----------          -----------
NET CASH USED IN OPERATING
ACTIVITIES                                                     -                   -              (4,169)
                                                    ------------         -----------          -----------
CASH FLOWS FROM FINANCING ACTIVITIES -
   Sale of common stock                                        -                   -                   10
   Capital contributions                                       -                   -                4,159
                                                    ------------         -----------          -----------
NET CASH PROVIDED BY FINANCING ACTIVITIES                      -                   -                4,169
                                                    ------------         -----------          -----------
NET (DECREASE) INCREASE IN CASH AND CASH
EQUIVALENTS                                                    -                   -                    -

CASH AND CASH EQUIVALENTS -
 beginning of period                                           -                   -                    -
                                                    ------------         -----------          -----------
CASH AND CASH EQUIVALENTS - end of period              $       -         $         -          $         -
                                                    ============         ===========          ===========
-----------------------------------------------------------------------------------------------------------------------
                                                       SUPPLEMENTAL INFORMATION:
  During the period October 12, 1999 to June 30, 2003, the Company paid no cash for interest or income taxes.

</TABLE>
                                                5
<PAGE>


                             EDISON RENEWABLES, INC.
                          (A Development Stage Company)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)
                                  June 30, 2003

NOTE 1 - DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations
Edison Renewables, Inc. (the "Company") is currently a development-stage company
under the  provisions  of the  Financial  Accounting  Standards  Board  ("FASB")
Statement  of  Financial  Accounting  Standards  ("SFAS") NO. 7. The Company was
incorporated under the laws of the state of Nevada on August 28, 1995.

Interim  Financial  Information.  The accompanying  unaudited  interim financial
statements  have been  prepared by the Company,  in  accordance  with  generally
accepted accounting  principles pursuant to Regulation S-B of the Securities and
Exchange  Commission.  Certain  information  and footnote  disclosures  normally
included in audited financial  statements  prepared in accordance with generally
accepted  accounting  principles  have been  condensed or omitted.  Accordingly,
these  interim  financial  statements  should  be read in  conjunction  with the
Company's financial statements and related notes as contained in form 10-KSB for
the year ended  March 31,  2003.  In the  opinion  of  management,  the  interim
financial  statements  reflect  all  adjustments,   including  normal  recurring
adjustments,  necessary for fair presentation of the interim periods  presented.
The results of the  operations  for the three months ended June 30, 2003 are not
necessarily  indicative  of results of  operations  to be expected  for the full
year.

                                        6
<PAGE>


Item 2. Management's Discussion and Analysis or Plan of Operation.

Plan of Operations

The  following  discussion  should  be read in  conjunction  with the  financial
statements  of the Company and related notes  included  elsewhere in this Report
and in the  Company's  Annual Report on Form 10-KSB for the year ended March 31,
2003. All statements  contained herein (other than historical  facts) including,
but not limited to, statements regarding the Company's future development plans,
the  Company's  ability  to  generate  cash from its  operations  and any losses
related  thereto,  are based upon current  expectations.  These  statements  are
forward  looking  in nature  and  involve  a number of risks and  uncertainties.
Actual  results  may differ  materially  from the  anticipated  results or other
expectations expressed in the Company are forward-looking statements. Generally,
the words "anticipate",  "believe",  "estimate",  "expects", "will", and similar
expressions as they relate to the Company and/or its management, are intended to
identify forward-looking  statements.  Among the factors that could cause actual
results to differ  materially  could be the  inability  of the Company to obtain
additional financing to meet its capital requirements needs and general business
and economic conditions as well as technological developments.

The company  currently plans to seek  opportunities  to develop  business in the
renewable energy market which may include acquisitions or business  combinations
with operating companies.

Critical Accounting Policy and Estimates

Our Management's  Discussion and Analysis of Financial  Condition and Results of
Operations section discusses our consolidated  financial statements,  which have
been prepared in accordance with accounting principles generally accepted in the
United States of America. The preparation of these financial statements requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities at the date of the financial  statements and the reported
amounts of revenues and expenses  during the  reporting  period.  On an on-going
basis, management evaluates its estimates and judgments, including those related
to  revenue   recognition,   accrued   expenses,   financing   operations,   and
contingencies  and litigation.  Management  bases its estimates and judgments on
historical  experience  and on various  other  factors  that are  believed to be
reasonable  under the  circumstances,  the  results  of which form the basis for
making judgments about the carrying value of assets and liabilities that are not
readily  apparent  from other  sources.  Actual  results  may differ  from these
estimates  under different  assumptions or conditions.  There are no significant
accounting estimates inherent in the preparation of our financial statements.

                                        7
<PAGE>


Results of Operations

The Company had no operations  prior to October 12, 1999,  and had only incurred
minimal  start-up  expenses  as of that  date.  There  were only  administrative
operations  for the three  months  ended June 30,  2003.  Net  revenues  for the
quarter were $0 and net loss was $7,204.  For the first  quarter in the previous
year the company had  operations  with net revenues of $0 and a net loss for the
period of $0. In period  ended June 30,  2003 the net loss of $7,204 as compared
to  $0  for  the  first  quarter  of  the  previous  year  resulted  in  company
expenditures  related to operating  expenses,  principally  legal and accounting
fees.

Liquidity and Capital Resources

As of June 30, 2003,  the Company had a cash balance of $0. The Company's  total
deficit  accumulated  during the  development  stage  increased  to a balance of
$366,423.  The Company's total liabilities are $67,233, which represents accrued
expenses and advances by a shareholder.

The company's cash on hand is insufficient  to fund its current  operating needs
and the company is currently not  generating  any revenue.  The company plans to
fund its  general  operating  needs by  advances  from a  shareholder  until the
company finds an opportunity to develop business in the renewable energy market.
We currently have not  established  any terms for the repayment of any advances.
In order to raise  capital  in the  foreseeable  future,  we may  offer and sell
equity  securities  or  convertible  debt. We expect that the sale of additional
equity securities or convertible debt will result in additional  dilution to our
stockholders. The company can give no assurance that it will be able to generate
adequate funds from operations,  that funds will be available to us from debt or
equity financing, or that if available,  the company will be able to obtain such
funds on favorable terms and conditions. If the company cannot secure additional
funds it will not be able to continue as a going concern.  The company currently
has no  definitive  arrangements  with  respect  to  additional  financing.  Our
independent auditors have issued a report questioning our ability to continue as
a  going-concern.  This  report  may  impair  our  ability  to raise  additional
financing and adversely affect the price of our common stock.

Off-Balance Sheet Arrangements

The Company does not have any off balance  sheet  arrangements  that have or are
reasonably  likely to have a  material  current  or  future  effect on the small
business  issuers  financial  condition,  or  changes  in  financial  condition,
liquidity or capital resources or expenditures.

                                        8
<PAGE>


Item 3. Controls and Procedures.

The  effectiveness  of the design and operation of our  disclosure  controls and
procedures  has  been  evaluated  within  90  days  of the  filing  date of this
quarterly report, and, based on this evaluation;  the Company has concluded that
these controls and procedures are effective.  There were no significant  changes
in our internal  controls or in other  factors that could  significantly  affect
these controls subsequent to the date of their evaluation.

Disclosure  controls and procedures are our controls and other  procedures  that
are  designed to ensure that  information  required to be disclosed by us in the
reports that we file or submit  under the  Exchange Act is recorded,  processed,
summarized and reported, within the time periods specified in the Securities and
Exchange  Commission's  rules and  forms.  Disclosure  controls  and  procedures
include,  without  limitation,  controls and procedures  designed to ensure that
information required to be disclosed by us in the reports that we file under the
Exchange Act is accumulated and communicated to our management as appropriate to
allow timely decisions regarding required disclosure.



                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

None

Item 2. Changes in Securities.

None

Item 3. Defaults Upon Senior Securities.

None

                                        9
<PAGE>


Item 4. Submission of Matters to a Vote of Security Holders.


     On May 5,  2003  the  shareholders  of the  Company,  by  majority  written
consent, voted to approve:

                    -    A change in Company's name from Lockwave  Technologies,
                         Inc. to Edison Renewables, Inc.

                    -    An  increase  in the  number of shares of common  stock
                         authorized for issuance from 50,000,000 to 200,000,000

                    -    A 1 for 200 reverse stock split of the Company's issued
                         and outstanding shares of common stock.

Shareholders  holding  25,125,000  shares of common  stock  (pre 1 for 200 split
which was  effectuated  on May 19,  2003),  or 59% of the  Company's  issued and
outstanding shares of common stock, consented to the forgoing.

Item 5. Other Information

None

Item 6. Exhibits and Reports on Form 8-K.

EXHIBITS
DESCRIPTION

3.1            Articles of Incorporation (1)

3.2            Certificate of Amendment to Articles of Incorporation, as filed
               on May 15, 2000. (1)

3.3            Certificate of Amendment to Articles of Incorporation, as filed
               on March 13, 2001. (1)

3.4            Certificate of Amendment to Articles of Incorporation, as filed
               on May 5, 2003. (1)

3.5            Bylaws. (2)

21             Subsidiaries
                      -   AMOL, Inc.-Incorporated in Delaware

31             Certificate of the Chief  Executive  Officer and Chief  Financial
               Officer  Pursuant to Rule  13a-14(a) or Rule 15d-14(a) as adopted
               pursuant to section 302 of the Sarbanes Oxley Act of 2002

                                        10
<PAGE>


32             Certificate of the Chief  Executive  Officer and Chief  Financial
               Officer  Pursuant to 18 U.S.C Section 1350 as adopted pursuant to
               Section 906 of Sarbanes-Oxley Act of 2002.




(1)            Incorporated herein by reference to the exhibits in the Company's
               Annual  Report on Form 10-KSB for the year ended March 31,  2003.

(2)            Incorporated  herein by reference to the  Company's  Registration
               Statement  on Form  10SB  12G/A  filed  with the  Securities  and
               Exchange Commission on February 28, 2000.

REPORTS ON FORM 8K:

None

                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                                     Edison Renewables, Inc.



                                     By: /s/ Paul Steo
                                          Paul Steo, President



                                     Date: August 12, 2003



                                        11