Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 157

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 157
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454 $779 $1,034 $1,911 Other Wildfire Events564 361 190 13 Total $10,018 $1,140 $1,224 $1,924 Edison International and SCE has not admitted wrongdoing or liability as part of any settlements related to the 2017/2018 Wildfire/Mudslide Events or the Other Wildfire Events. SCE continues to explore reasonable settlement opportunities with plaintiffs in outstanding wildfire litigation.Loss EstimatesThe following table presents changes in estimated losses since December 31, 2023:(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalBalance at December 31, 2023$715 $683 $1,398 Increase in accrued estimated losses490 253 743 Amounts paid(779)(361)(1,140)Balance at December 31, 2024$426 $575 $1,001 Edison International's and SCE's consolidated balance sheets included fixed payments to be made under executed settlement agreements and accrued estimated losses presented in the tables below:(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalCurrent portion of Wildfire-related claims liabilities1$48 $12 $60 Long term wildfire-related claims liabilities2378 563 941 Total Balance at December 31, 2024$426 $575 $1,001 

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(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalCurrent portion of Wildfire-related claims liabilities1$30 $— $30 Long term wildfire-related claims liabilities2685 683 1,368 Total Balance at December 31, 2023$715 $683 $1,398 1.At December 31, 2024, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $29 million of settlements executed and $19 million of short-term payables under the SED Agreement. At December 31, 2023, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $16 million of settlements executed and $14 million of short-term payables under the SED Agreement. 2.At December 31, 2024, long-term wildfire-related claims related to 2017/2018 Wildfire/Mudslide