Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 124

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 7
Chunk 124
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 are made in order to value derivative contracts in which observable inputs are not available. In circumstances where fair value cannot be verified with observable market transactions, it is possible that a different valuation model could produce a materially different estimate of fair value. Modeling methodologies, inputs, and techniques are reviewed and assessed as markets continue to develop and more pricing information becomes available, and the fair value is adjusted when it is concluded that a change in inputs or techniques would result in a new valuation that better reflects the fair value of those derivative contracts. See Note 6 for a discussion of derivative instruments.

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Table of Contents

SCEThe following table sets forth assets and liabilities of SCE that were accounted for at fair value by level within the fair value hierarchy:September 30, 2025(in millions)Level 1Level 2Level 3NettingandCollateral1TotalAssets at fair valueDerivative contracts$— $— $140 $(3)$137 Money market funds and other12 22 — — 34 Nuclear decommissioning trusts:Stocks21,834 — — — 1,834 Fixed Income31,017 1,676 — — 2,693 Short-term investments, primarily cash equivalents133 31 — — 164 Subtotal of nuclear decommissioning trusts42,984 1,707 — — 4,691 Total assets2,996 1,729 140 (3)4,862 Liabilities at fair valueDerivative contracts— 83 3 (86)— Total liabilities— 83 3 (86)— Net assets $2,996 $1,646 $137 $83 $4,862 December 31, 2024(in millions)Level 1Level 2Level 3NettingandCollateral1TotalAssets at fair valueDerivative contracts$— $1 $212 $(1)$212 Other— 22 — — 22 Nuclear decommissioning trusts:Stocks21,631 — — — 1,631 Fixed Income3975 1,618 — — 2,593 Short-term investments, primarily cash equivalents128 39 — — 167 Subtotal of nuclear decommissioning trusts42,734 1,657 — — 4,391 Total assets2,734 1,680