It stands for Signal Conditioning Equipment. From Wikipedia
The loss of all three fuel cells put the CSM entirely on batteries,
which were unable to maintain normal 75-ampere launch loads on the
28-volt DC bus. One of the AC inverters dropped offline. These power
supply problems lit nearly every warning light on the control panel
and caused much of the instrumentation to malfunction.
Electrical, Environmental and Consumables Manager (EECOM) John Aaron
remembered the telemetry failure pattern from an earlier test when a
power supply malfunctioned in the CSM Signal Conditioning Equipment
(SCE), which converted raw signals from instrumentation to standard
voltages for the spacecraft instrument displays and telemetry
encoders.[3]
Aaron made a call, "Try SCE to aux," which switched the SCE to a
backup power supply. The switch was fairly obscure, and neither Flight
Director Gerald Griffin, CAPCOM Gerald Carr, nor Mission Commander
Pete Conrad immediately recognized it. Lunar Module Pilot Alan Bean,
flying in the right seat as the spacecraft systems engineer,
remembered the SCE switch from a training incident a year earlier when
the same failure had been simulated. Aaron's quick thinking and Bean's
memory saved what could have been an aborted mission, and earned Aaron
the reputation of a "steely-eyed missile man".[4] Bean put the fuel
cells back on line, and with telemetry restored, the launch continued
successfully. Once in Earth parking orbit, the crew carefully checked
out their spacecraft before re-igniting the S-IVB third stage for
trans-lunar injection. The lightning strikes had caused no serious
permanent damage.
And here is another good version of the story.