Southern California Edison sent its parent company, Edison International, a dividend of $945 million in equity October 16. The utility had been prevented from sending dividends to its parent during the time it was collecting funds from ratepayers to repay it for procurement costs during the energy crisis. The money had been collecting in a balancing account at the California Public Utilities Commission until the account reached $3.6 billion. That happened, according to Edison, in July, and the CPUC eliminated the account in August, freeing up the opportunity for the utility to send dividends upstream. The funds were transferred as equity in the utility because common equity had reached 54 percent. The CPUC authorizes 48 percent, so the balance went to Edison International. Edison sees the transfer as helping the company ?restore financial integrity.?