Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 267

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 267
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 at December 31, 2024876,448$65.19 620,727$65.22 The fair value for each restricted stock unit awarded is determined as the closing price of Edison International common stock on the grant date.

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Table of Contents

Note 10. Investments

Nuclear Decommissioning TrustsFuture decommissioning costs related to SCE's nuclear assets are expected to be funded from independent decommissioning trusts.The following table sets forth amortized cost and fair value of the trust investments (see Note 4 for a discussion on fair value of the trust investments):Amortized CostsFair Values(in millions)Longest Maturity DatesDecember 31,2024December 31,2023December 31,2024December 31,2023Municipal bonds2067$729 $636 $860 $757 Government and agency securities20741,201 1,072 1,341 1,186 Corporate bonds2072346 361 392 401 Short-term investments and receivables/payables1One-year152 164 62 171 Total debt securities and other2,428 2,233 2,655 2,515 Equity securities1,631 1,658 Total2$4,286 $4,173 1Short-term investments include $18 million and $38 million of repurchase agreements payable by financial institutions which earn interest, were both fully secured by U.S. Treasury securities and mature by January 2, 2025 and January 2, 2024 as of December 31, 2024 and 2023, respectively.2Represents amounts before reduction for deferred tax liabilities on net unrealized gains of $373 million and $380 million as of December 31, 2024 and 2023, respectively. Trust fund earnings (based on specific identification) increase the trust fund balance and the ARO regulatory liability. Unrealized holding gains, net of losses, were $1.7 billion and $1.8 billion at December 31, 2024 and 2023, respectively.The following table summarizes the gains and losses for the trust investments:Years ended December 31,(in millions)202420232022Gross realized gains$326 $323 $150 Gross realized losses(24)(73)(127)Net unrealized (losses) gains for equity securities(19)103 (369)Due to regulatory mechanisms, changes