Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 98

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 7
Chunk 98
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 credits under a CPUC-established program during 2025.

Net cash (used in) / provided by regulatory assets and liabilities, including changes in net undercollections recorded in balancing accounts, was $(1.4) billion and $1.6 billion during the nine months ended September 30, 2025 and 2024, respectively. SCE has a number of balancing and memorandum accounts, which impact cash flows based on differences between timing of collection through rates and incurring expenditures. In 2025, changes related to regulatory assets and liabilities were primarily driven by current year net undercollections resulting from cost recoveries authorized under the TKM Settlement Agreement (which offset in the net income and non-cash items discussed above). In addition, upon the 2025 GRC final decision issued in September 2025, the increase in authorized revenues for January through September 2025 was authorized to be collected over a 24-month period starting October 2025. These impacts were partially offset by recovery of prior year undercollections. Cash inflow in 2024 was primarily due to recovery of prior-year undercollections. 

Net Cash Provided by Financing Activities

The following table summarizes cash provided by financing activities for the nine months ended September 30, 2025 and 2024, respectively. Issuances of debt are discussed in "Notes to Condensed Consolidated Financial Statements—Note 5. Debt and Credit Agreements."

Nine months ended September 30,Change(in millions)20252024Inflow/(Outflow)Issuances of long-term debt, net of discount and issuance costs$2,963 $4,217 $(1,254)Long-term debt repaid(1,227)(2,176)949 Short-term debt borrowed410 — 410 Short-term debt repaid— (386)386 Commercial paper repayments, net of borrowing(449)(609)160 Preference stock issued, net of issuance cost— 345 (345)Preference stock redeemed— (350)350 Payment of common stock dividends to Edison International Parent(1,290)(720)(570)Payment of preference stock dividends(101)(130)29 Other(4)(3)(1)Net cash provided by financing activities$302 $188 $114 

Net Cash Used in Investing Activities

Cash flows used in investing activities are primarily due to total capital expenditures of $4.6 billion and $4.2 billion for nine months ended September 30, 202