Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 427

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 427
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$500 $348 

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Table of Contents

Note 17. Supplemental Cash Flows Information

Supplemental cash flows information is:Edison InternationalSCEYears ended December 31,(in millions)202420232022202420232022Cash payments (receipts):Interest, net of amounts capitalized$1,588 $1,401 $1,001 $1,306 $1,155 $864 Income taxes, net51 — (49)78 — (49)Non-cash financing and investing activities:Dividends declared but not paid:Common stock318 299 282 430 360 350 Preference stock of SCE— 9 8 — 9 8 Details of debt exchange:Pollution-control bonds redeemed (2.625%)— (135)— — (135)— Pollution-control bonds remarketed (4.50%)— 135 — — 135 — SCE's accrued capital expenditures for the years ended December 31, 2024, 2023, and 2022 were $644 million, $680 million, and $652 million, respectively. Accrued capital expenditures are included in investing activities in the consolidated statements of cash flows in the period paid.

Note 18. Related-Party Transactions

Edison International and SCE provide and receive various services to and from its subsidiaries and affiliates. Services provided to Edison International by SCE are priced at fully loaded cost (i.e., direct cost of goods or service and allocation of overhead cost). Specified administrative services performed by Edison International or SCE employees, such as payroll and employee benefit programs, are shared among all affiliates of Edison International. Costs are allocated based on one of the following formulas: percentage of time worked, equity in investment and advances, number of employees, or multi-factor (operating revenue, operating expenses, total assets and number of employees). Edison International allocates various corporate administrative and general costs to SCE and other subsidiaries using established allocation factors.For the years ended December 31, 2024 and 2023, SCE did not purchase wildfire liability insurance from EIS. Beginning on July 1, 2023, in lieu of obtaining wildfire liability insurance from the commercial insurance market, SCE implemented its customer-funded wildfire self-insurance program. For the year ended December 31, 2022, SCE purchased wildfire liability insurance for premiums of $273 million from EIS. EIS fully