Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 123

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 7
Chunk 123
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 life insurance benefits10 12 Interest income43 64 Net periodic benefit income – non-service components21 22 Civic, political and related activities and donations(5)(7)Other(4)(3)Total SCE other income, net111 135 Other income (expense) of Edison International Parent and Other:Net loss on equity securities(6)— Interest income and other2 3 Total Edison International other income, net$107 $138 

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Note 16. Supplemental Cash Flows Information

Supplemental cash flows information is:Edison InternationalSCEThree months ended March 31,(in millions)2025202420252024Cash payments (receipts):Interest, net of amounts capitalized$372 $348 $337 $322 Income taxes, net— — — — Non-cash financing and investing activities:Dividends declared but not paid:Common stock319 300 430 360 Preference stock of SCE— 9 — 9 SCE's accrued capital expenditures at March 31, 2025 and 2024 were $731 million and $620 million, respectively. Accrued capital expenditures are included in investing activities in the condensed consolidated statements of cash flows in the periods paid.

Note 17. Related-Party Transactions

In July 2022, SCE purchased wildfire liability insurance for premiums of $273 million from EIS, for the period to June 30, 2023. SCE subsequently did not renew or purchase wildfire liability insurance from EIS for additional periods. In lieu of obtaining wildfire liability insurance from the commercial insurance market, SCE implemented its customer-funded wildfire self-insurance program beginning July 1, 2023. In addition, one of the EIS wildfire liability insurance policies was amended in February 2025 to reimburse SCE for $50 million in claim costs and related legal expenses for a wildfire occurring during the July 1, 2022 through June 30, 2023 policy period. For further information, see Note 12. The expected insurance recoveries from previously purchased wildfire-related insurance from EIS included in SCE's condensed consolidated balance sheets were $303 million at both March 31, 2025 and December 31, 2024.

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CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

The management of Edison International and SCE, under the supervision and with the participation of Edison International's and SCE's respective Chief Executive Officers and Chief Financial Officers