Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 92

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 7
Chunk 92
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 it is possible that a different valuation model could produce a materially different estimate of fair value. Modeling methodologies, inputs, and techniques are reviewed and assessed as markets continue to develop and more pricing information becomes available, and the fair value is adjusted when it is concluded that a change in inputs or techniques would result in a new valuation that better reflects the fair value of those derivative contracts. See Note 6 for a discussion of derivative instruments.SCEThe following table sets forth assets and liabilities of SCE that were accounted for at fair value by level within the fair value hierarchy:

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March 31, 2025(in millions)Level 1Level 2Level 3NettingandCollateral1TotalAssets at fair valueDerivative contracts$— $8 $156 $(9)$155 Money market funds and other913 22 — — 935 Nuclear decommissioning trusts:Stocks21,575 — — — 1,575 Fixed Income3971 1,693 — — 2,664 Short-term investments, primarily cash equivalents101 28 — — 129 Subtotal of nuclear decommissioning trusts42,647 1,721 — — 4,368 Total assets3,560 1,751 156 (9)5,458 Liabilities at fair valueDerivative contracts— 22 — (22)— Total liabilities— 22 — (22)— Net assets $3,560 $1,729 $156 $13 $5,458 December 31, 2024(in millions)Level 1Level 2Level 3NettingandCollateral1TotalAssets at fair valueDerivative contracts$— $1 $212 $(1)$212 Other— 22 — — 22 Nuclear decommissioning trusts:Stocks21,631 — — — 1,631 Fixed Income3975 1,618 — — 2,593 Short-term investments, primarily cash equivalents128 39 — — 167 Subtotal of nuclear decommissioning trusts42,734 1,657 — — 4,391 Total assets2,734 1,680 212 (1)4,625 Liabilities at fair valueDerivative contracts— 47 — (47)— Total liabilities— 47 —