Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 409

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 409
---
/2018 Wildfire/Mudslide Events or the Other Wildfire Events. The estimated losses for the 2017/2018 Wildfire/Mudslide Events do not include estimates of potential losses related to certain potential public entity plaintiff claims, including CAL OES's claim in the TKM litigation, for which the statute of limitations has been tolled, and for an individual plaintiff demand received in the first quarter of 2024 that continues to be analyzed and has not been substantiated, as losses from these alleged and potential claims are not estimable at this time. Management reviews its loss estimates for remaining alleged and potential claims related to wildfire litigation quarterly. The first quarter 2024 analysis with respect to the 2017/2018 Wildfire/Mudslide Events included a review of information received during the first quarter of 2024 about outstanding claims, including demands from most of the individual plaintiffs who had opted into the Woolsey Fire mediation program, and from settling claims through that quarter. As a result of management's reviews, SCE recorded an increase in estimated losses of $490 million for the 2017/2018 Wildfire/Mudslide Events during the first quarter of 2024.For the years ended December 31, 2024, 2023 and 2022, SCE's consolidated statements of income included charges for the estimated losses, net of expected recoveries, as follows:Year ended December 31, 2024(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalCharge for wildfire-related claims$490 $253 $743 Expected insurance recoveries1— (96)(96)Expected recoveries through electric rates(27)(9)(36)Total pre-tax charge463 148 611 Income tax benefit(130)(42)(172)Total after-tax charge$333 $106 $439 

105

Table of Contents

Year ended December 31, 2023(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalCharge for wildfire-related claims$630 $184 $814 Expected insurance recoveries1— (149)(149)Expected recoveries through electric rates(37)(2)(39)Total pre-tax charge593 33 626 Income tax benefit(165)(9)(174)Total after-tax charge$428 $24 $452 Year ended December 31, 2022(in millions)2017/2018 Wildfire/Mud