Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 39

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 39
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 123 Net cash (outflow) inflow $(61)$(7)$12 

24

Table of Contents

Net cash used in operating activities relates to interest and dividends less administrative expenses, taxes and SCE's decommissioning costs. Investing activities represent the purchase and sale of investments within the nuclear decommissioning trusts, including the reinvestment of earnings from nuclear decommissioning trust investments.

Funds for decommissioning costs are requested from the nuclear decommissioning trusts one month in advance. Decommissioning disbursements are funded from sales of investments of the nuclear decommissioning trusts. The net cash impact reflects timing of decommissioning payments ($222 million, $229 million, and 189 million in 2024, 2023, and 2022, respectively) and reimbursements to SCE from the nuclear decommissioning trust ($214 million, $222 million, and $201 million in 2024, 2023, and 2022, respectively). The net cash outflow in 2024 also primarily includes $19 million of tax benefits received and a $30 million disallowance under the 2021 NDCTP (For further details, see "—Decommissioning of San Onofre), both contributed by SCE to the decommissioning trust.

Edison International Parent and Other

The table below sets forth condensed historical cash flow from operations for Edison International Parent and Other, including intercompany eliminations.

Years ended December 31,(in millions)202420232022Net cash used in operating activities$(369)$(280)$(103)Net cash provided by financing activities360 265 157 Net cash used in investing activities(6)(2)(17)Net (decrease) increase in cash, cash equivalents and restricted cash$(15)$(17)$37 

Net Cash Used in Operating Activities

Net cash used in operating activities increased by $89 million in 2024 compared to 2023, primarily due to cash outflows of $318 million in 2024 and $280 million in 2023 for interest and operating costs. Additionally, there was $51 million cash outflow in 2024 related to a California state income tax payment.

Net Cash Provided by Financing Activities

Net cash provided by financing activities was as follows:

Years ended December 31,(in millions)202420232022Dividends paid to Edison International common shareholders$(1,198)$(1,112)$(1,050)Dividends paid to Edison