Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 84

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 84
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 2024 Form 10-K, and there have been no material changes during the six months ended June 30, 2025. For further discussion of market risk exposures, including commodity price risk, and credit risk, see "Notes to Condensed Consolidated Financial Statements—Note 4. Fair Value Measurements" and "Note 6. Derivative Instruments."

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CRITICAL ACCOUNTING ESTIMATES AND POLICIES

For a discussion of Edison International's and SCE's critical accounting policies, see "Critical Accounting Estimates and Policies" in the 2024 MD&A.

In addition, for additional information regarding the Wildfire Insurance Fund, see "Notes to Condensed Consolidated Financial Statements—Note 1. Summary of Significant Accounting Policies—Wildfire Insurance Fund."

NEW ACCOUNTING GUIDANCE

There have been no material changes in recently issued or adopted accounting standards from those disclosed in "Notes to Consolidated Financial Statements—Note 1. Summary of Significant Accounting Policies—New Accounting Guidance" in the 2024 Form 10-K.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Information responding to this section is included in the MD&A under the heading "Market Risk Exposures" and is incorporated herein by reference.

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CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Condensed Consolidated Statements of IncomeEdison International

Three months endedJune 30,Six months endedJune 30,(in millions, except per-share amounts, unaudited)2025202420252024Operating revenue$4,543 $4,336 $8,354 $8,414 Purchased power and fuel1,157 1,234 2,204 2,242 Operation and maintenance1,580 1,285 2,563 2,602 Wildfire-related claims, net of (recoveries)— — (1,305)615 Wildfire Insurance Fund expense36 37 72 73 Depreciation and amortization826 726 1,568 1,428 Property and other taxes168 154 334 309 Other1 — 9 — Total operating expenses3,768 3,436 5,445 7,269 Operating income775 900 2,909 1,145 Interest expense(504)(480)(805)(924)Other income, net113 148 220 286 Income before income taxes384