Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 246

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 246
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estion revenue rightsGigawatt hours8,14135,011

Note 7. Revenue

The following table is a summary of SCE's revenue:Years ended December 31,(in millions)202420232022Revenue from contracts with customers Commercial$8,000 $7,333 $7,028  Residential7,060 6,421 6,707  Other3,335 3,266 3,025 Total revenue from contracts with customer118,395 17,020 16,760 Alternative revenue program and other2(848)(745)412 Total operating revenue$17,547 $16,275 $17,172 1At December 31, 2024 and 2023, SCE's receivables related to contracts from customers were $2.9 billion and $2.5 billion, which included accrued unbilled revenue of $845 million and $741 million, respectively.2Includes differences between revenues from contracts with customers and authorized levels for certain CPUC and FERC revenues.Deferred RevenueAs of December 31, 2024, SCE has deferred revenue of $354 million related to the sale of the use of transfer capability of West of Devers transmission line, of which $13 million and $341 million are included in "Other current liabilities" and "Other deferred credits and other long-term liabilities," respectively, on SCE's consolidated balance sheets. The deferred revenue is amortized straight-line over a period of 30 years starting 2021.

Note 8. Income Taxes

Current and Deferred TaxesThe components of income tax expense (benefit) by location of taxing jurisdiction are:Edison InternationalSCEYears ended December 31,(in millions)202420232022202420232022Current:Federal$1 $— $2 $3 $— $— State7 — 13 48 5 2 8 — 15 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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The components of net accumulated deferred income tax liability are:Edison InternationalSCEDecember 31,(in millions)2024202320242023