Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 106

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 106
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4CRRs$212 $— CAISO CRR auction prices$(4.64) - $50,048.16$27.20 Level 3 Fair Value UncertaintyFor CRRs, increases or decreases in CAISO auction prices would result in higher or lower fair value, respectively.For Fin Toll arrangements, the fair value measurements are sensitive to the spread between daily high and daily low hourly power prices. Increases or decreases in this spread would result in higher or lower fair value, respectively.Nuclear Decommissioning TrustsSCE's nuclear decommissioning trust investments include equity securities, U.S. treasury securities, and other fixed income securities. Equity and treasury securities are classified as Level 1 as fair value is determined by observable market prices in active or highly liquid and transparent markets. The remaining fixed income securities are classified as Level 2. There are no securities classified as Level 3 in the nuclear decommissioning trusts. See Note 10 for more information on nuclear decommissioning trusts.Edison International Parent and OtherEdison International Parent and Other assets measured at fair value and classified as Level 1 consisted of money market funds of $53 million and $101 million at June 30, 2025 and December 31, 2024, respectively. Assets measured at fair value and classified as Level 2 were immaterial at June 30, 2025 and December 31, 2024, respectively. There were no securities classified as Level 3 for Edison International Parent and Other at June 30, 2025 and December 31, 2024, respectively.

41

Fair Value of Debt Recorded at Carrying ValueThe carrying value and fair value of Edison International's and SCE's long-term debt (including the current portion of long-term debt) are as follows:June 30, 2025December 31, 2024(in millions)CarryingValue1FairValue2CarryingValue1FairValue2Edison International$37,670 $34,369 $35,583 $33,160 SCE32,458 29,178 30,515 27,994 1Carrying value is net of debt issuance costs.2The fair value of long-term debt is classified as Level 2.

Note 5.  Debt and Credit AgreementsLong-Term DebtDuring the six months ended June 30, 2025, SCE issued the following first and refunding mortgage bonds:DescriptionMonth of IssuanceRateM