Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 9

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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 the carrying value of cash equivalents equals the fair value, as these investments have original maturities of three months or less.2Includes SCE Recovery Funding LLC's restricted cash for payments of senior secured recovery bonds and cash collected for customer-funded wildfire self-insurance related to the Eaton Subrogation Settlement (see Note 12 for further information). Both are reflected in "Other current assets" on Edison International's and SCE's condensed consolidated balance sheets.3Represents cash collected for customer-funded wildfire self-insurance and is reflected in "Other long-term assets" on Edison International's and SCE's condensed consolidated balance sheets. See Note 12 for further information.Allowance for Uncollectible AccountsThe allowance for uncollectible accounts is recorded based on SCE's estimate of expected credit losses and adjusted over the life of the receivables as needed. Since the customer base of SCE is concentrated in Southern California which exposes SCE to a homogeneous set of economic conditions, the allowance is measured on a collective basis on the historical amounts written-off, assessment of customer collectibility and current economic trends, including unemployment rates and any likelihood of recession for the region. The increase in the provision of uncollectible accounts and write-offs for the three and nine months ended September 30, 2025, is driven primarily by consumer protection programs that limit disconnections for nonpayment.The following table sets forth the changes in allowance for uncollectible accounts for SCE:Three months ended September 30, 2025Three months ended September 30, 2024(in millions)CustomersAll othersTotal3CustomersAll othersTotalBeginning balance$335 $22 $357 $349 $15 $364 Current period provision for uncollectible accounts196 1 97 90 — 90 Write-offs, net of recoveries(89)(3)(92)(75)(3)(78)Ending balance$342 $20 $362 $364 $12 $376 Nine months ended September 30, 2025Nine months ended September 30, 2024(in millions)CustomersAll othersTotal3CustomersAll othersTotalBeginning balance$372 $18 $390 $347 $17 $364 Current period provision for uncollectible accounts2256 10 266 204 4 208 Write-offs, net of recoveries(286)(8)(294)(187)(9)(196)Ending balance$342 $20 $362 $364 $12 $376 1