Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 625

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 625
---
 from holding alternative investments and limit the trust funds' exposures to investments in highly illiquid markets. With respect to equity and fixed income securities, the trustee obtains prices from third-party pricing services which SCE is able to independently corroborate as described below. The trustee monitors prices supplied by pricing services, including reviewing prices against defined parameters' tolerances and performs research and resolves variances beyond the set parameters. SCE corroborates the fair values of securities by comparison to other market-based price sources obtained by SCE's investment managers. Differences outside established thresholds are followed-up with the trustee and resolved. For each reporting period, SCE reviews the trustee determined fair value hierarchy and overrides the trustee level classification when appropriate. 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 $101 million and $121 million at December 31, 2024 and 2023, respectively. Assets measured at fair value and classified as Level 2 were immaterial at December 31, 2024 and 2023. There were no securities classified as Level 3 for Edison International Parent and Other at December 31, 2024 and 2023.

75

Table of Contents

Fair Value of Debt Recorded at Carrying ValueThe carrying value and fair value of Edison International's and SCE's long-term debt (including current portion of long-term debt) are as follows:December 31, 2024December 31, 2023(in millions)CarryingValue1FairValue2CarryingValue1FairValue2Edison International$35,583 $33,160 $33,013 $31,315 SCE30,515 27,994 28,494 26,712 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 DebtThe following table summarizes long-term debt (rates and terms are as of December 31, 2024) of Edison International and SCE:December 31,(in millions)20242023Edison International Parent and Other:Debentures and notes:2025 – 2054 (4.125% to 8.125%)$5,100 $4,550 Current portion of long-term debt(800)(500)Unamortized debt discount/premium and issuance costs