Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 113

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 113
---
 billion at June 30, 2025 and December 31, 2024, respectively.The following table summarizes the gains and losses for the trust investments:Three months ended June 30,Six months ended June 30,(in millions)2025202420252024Gross realized gains$22 $47 $46 $102 Gross realized losses(5)(5)(6)(14)Net unrealized gains/(losses) for equity securities146 (10)86 85 Due to regulatory mechanisms, changes in the assets of the trusts from income or loss items do not materially affect earnings.

47

Note 11. Regulatory Assets and Liabilities

Regulatory AssetsSCE's regulatory assets included on the condensed consolidated balance sheets are:(in millions)June 30,2025December 31,2024Current:Regulatory balancing and memorandum accounts$2,770 $2,723 Other35 25 Total current2,805 2,748 Long-term:Deferred income taxes6,238 5,982 Unamortized investments, net of accumulated amortization120 115 Unamortized losses on reacquired debt83 88 Regulatory balancing and memorandum accounts2,249 867 Environmental remediation218 222 Recovery assets1,488 1,512 Other91 100 Total long-term10,487 8,886 Total regulatory assets$13,292 $11,634 For more information, see Note 11 of the 2024 Form 10-K.Regulatory LiabilitiesSCE's regulatory liabilities included on the condensed consolidated balance sheets are:(in millions)June 30,2025December 31,2024Current:Regulatory balancing and memorandum accounts$283 $1,144 Energy derivatives177 165 Other30 38 Total current490 1,347 Long-term:Costs of removal2,623 2,520 Deferred income taxes2,138 2,163 Recoveries in excess of ARO liabilities1,823 1,748 Regulatory balancing and memorandum accounts2,760 2,023 Pension and other postretirement benefits1,702 1,690 Other20 15 Total long-term11,066 10,159 Total regulatory liabilities$11,556 $11,506 

48

Net Regulatory Balancing and Memorandum AccountsThe following table summarizes the significant components of