Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 57

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 57
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543)SCE non-core items(31)(36)5 916 (484)1,400 Edison International Parent and OtherWildfire claims insured by EIS— — — (50)(1)(49)Income tax benefit1— — — 11 — 11 Edison International Parent and Other non-core items— — — (39)(1)(38)Total non-core items(31)(36)5 877 (485)1,362 Core earnings (loss)SCE474 559 (85)1,094 1,072 22 Edison International Parent and Other(100)(84)(16)(192)(159)(33)Edison International$374 $475 $(101)$902 $913 $(11)

1SCE and Edison International Parent and Other non-core items are tax-effected at an estimated statutory rate of approximately 28%; wildfire claims insured by EIS are tax-effected at the federal statutory rate of 21%.

In the absence of a 2025 GRC decision, since January 1, 2025, and until a GRC decision is issued, SCE is recognizing revenue based on the 2024 authorized revenue requirement, adjusted to reflect the 2025 CPUC-authorized ROE. (For further information, see "—2025 General Rate Case" below.)

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Edison International's second quarter 2025 earnings decreased $96 million from the second quarter of 2024, resulting from a decrease in SCE's earnings of $80 million and an increase in Edison International Parent and Other's loss of $16 million. SCE's lower net income consisted of $85 million of lower core earnings, partially offset by $5 million of lower non-core loss. Edison International Parent and Other's loss increased by $16 million due to higher core loss.

Edison International's earnings for the six months ended June 30, 2025 increased $1,351 million from the same period ended June 30, 2024, resulting from an increase in SCE's earnings of $1,422 million, partially offset by an increase in Edison International Parent and Other's loss of $71 million. SCE's higher net income consisted of $1,400 million of higher non-core earnings and $22 million of higher core earnings. Edison International Parent and Other's loss increased $71 million due to $33 million