Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 17

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 17
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, and techniques are reviewed and assessed as markets continue to develop and more pricing information becomes available, and the fair value is adjusted when it is concluded that a change in inputs or techniques would result in a new valuation that better reflects the fair value of those derivative contracts. See Note 6 for a discussion of derivative instruments.SCEThe following table sets forth assets and liabilities of SCE that were accounted for at fair value by level within the fair value hierarchy:

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March 31, 2025(in millions)Level 1Level 2Level 3NettingandCollateral1TotalAssets at fair valueDerivative contracts$— $8 $156 $(9)$155 Money market funds and other913 22 — — 935 Nuclear decommissioning trusts:Stocks21,575 — — — 1,575 Fixed Income3971 1,693 — — 2,664 Short-term investments, primarily cash equivalents101 28 — — 129 Subtotal of nuclear decommissioning trusts42,647 1,721 — — 4,368 Total assets3,560 1,751 156 (9)5,458 Liabilities at fair valueDerivative contracts— 22 — (22)— Total liabilities— 22 — (22)— Net assets $3,560 $1,729 $156 $13 $5,458 December 31, 2024(in millions)Level 1Level 2Level 3NettingandCollateral1TotalAssets at fair valueDerivative contracts$— $1 $212 $(1)$212 Other— 22 — — 22 Nuclear decommissioning trusts:Stocks21,631 — — — 1,631 Fixed Income3975 1,618 — — 2,593 Short-term investments, primarily cash equivalents128 39 — — 167 Subtotal of nuclear decommissioning trusts42,734 1,657 — — 4,391 Total assets2,734 1,680 212 (1)4,625 Liabilities at fair valueDerivative contracts— 47 — (47)— Total liabilities— 47 — (47)— Net assets$2,734 $1,633 $212 $46