Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 22

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 22
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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.

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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 IssuanceRateMaturity DateAmount (in millions)Series 2025AJanuary 20255.45%2035$850 Series 2025BJanuary 20255.90%2055650 Series 2025CMarch 20255.25%2030850 Series 2025DMarch 20256.20%2055650 Total$3,000 The proceeds were used to repay commercial paper borrowings and for general corporate purposes.In March 2025, Edison International Parent issued $550 million of 6.25% senior notes due in 2030. The proceeds were used to repay commercial paper and for general corporate purposes.Credit Agreements and Short-Term DebtThe following table summarizes the status of the credit facilities at June 30, 2025:(in millions, except for rates)BorrowerTermination DateSecured Overnight Financing Rate ("SOFR") plus (bps)CommitmentOutstanding borrowingsOutstanding letters of creditAmount availableEdison International Parent1, 3May 2029128 $1,500 $246 $— $1,254 SCE2, 3May 2029108 3,350 455 2 2