Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 113

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 7
Chunk 113
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, becomes available. As of September 30, 2025, the Wildfire Insurance Fund does not have any contribution associated with the Continuation Account. Edison International and SCE adjust the period of coverage on a prospective basis and amortize the Wildfire Insurance Fund contribution asset ratably over the remaining estimated life of the fund. An impairment will be recorded to the Wildfire Insurance Fund contribution asset, if the asset exceeds SCE's ability to benefit from the remaining coverage provided by the Wildfire Insurance Fund.Earnings Per Share Edison International computes earnings per common share ("EPS") using the two-class method, which is an earnings allocation formula that determines EPS for each class of common stock and participating security. Edison International's participating securities are stock-based compensation awards, payable in common shares, which earn dividend equivalents on an equal basis with common shares once the awards are vested.

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EPS available to Edison International common shareholders was computed as follows:Three months ended September 30,Nine months ended September 30,(in millions, except per-share amounts)2025202420252024Basic earnings per share:Net income available to Edison International common shareholders$832 $516 $2,611 $944 Earnings allocated to participating securities— — (1)— Income available to common shareholders$832 $516 $2,610 $944 Weighted average common shares outstanding385 387 385 386 Basic earnings per share$2.16 $1.33 $6.78 $2.45 Diluted earnings per share:Income available to common shareholders$832 $516 $2,610 $944 Add back: Earnings allocated to participating securities— — 1 1 Net income available to Edison International common shareholders$832 $516 $2,611 $945 Weighted average common shares outstanding385 387 385 386 Effect of dilutive securities1 3 1 2 Adjusted weighted average shares – diluted386 390 386 388 Diluted earnings per share$2.16 $1.32 $6.76 $2.44 In addition to the participating securities discussed above, Edison International also may award stock options, which are payable in common shares and are included in the diluted earnings per share calculation. Stock option awards to purchase 9,956,033 and 20,371 shares of common stock for the three months ended September 30,