Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 123

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 123
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51 5 2 Deferred:Federal59 101 (103)118 149 (44)State(50)7 (74)(49)30 (67)9 108 (177)69 179 (111)Total$17 $108 $(162)$120 $184 $(109)

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Table of Contents

The components of net accumulated deferred income tax liability are:Edison InternationalSCEDecember 31,(in millions)2024202320242023Deferred tax assets:Property$943 $894 $929 $877 Wildfire-related1254 356 251 354 Nuclear decommissioning trust assets in excess of nuclear ARO liability373 380 373 380 Loss and credit carryforwards23,703 3,486 2,242 2,103 Regulatory balances610 626 610 626 Pension and postretirement benefits other than pensions, net117 127 21 25 Leases335 345 335 345 Other177 159 167 147 Sub-total6,512 6,373 4,928 4,857 Less: valuation allowance317 17 — — Total6,495 6,356 4,928 4,857 Deferred tax liabilities:Property11,220 10,627 11,202 10,611 Regulatory balances1,299 1,450 1,299 1,450 Nuclear decommissioning trust assets373 380 373 380 Leases335 345 335 345 Other187 187 155 158 Total13,414 12,989 13,364 12,944 Accumulated deferred income tax liability, net4$6,919 $6,633 $8,436 $8,087 1Relates to estimated losses accrual for wildfire-related claims, net of expected recoveries from insurance and FERC customers, and contributions to the Wildfire Insurance Fund. For further information, see Note 12 and Note 1.2As of December 31, 2024, unrecognized tax benefits of $397 million and $327 million for Edison International and SCE, respectively, are presented net against the deferred tax asset for the loss and tax credit carryforwards. As of December 31, 2023, the unrecognized tax benefits netted against deferred tax