Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 95

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 95
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, it is currently unable to reasonably estimate a range of losses that may be incurred. The Wildfire Insurance Fund amortization period will be evaluated, and reduced as necessary, as new or additional information on wildfire events, including reasonably estimated losses related to the Eaton Fire, becomes available. 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.EPS available to Edison International common shareholders was computed as follows:Three months ended June 30,Six months ended June 30,(in millions, except per-share amounts)2025202420252024Basic earnings per share:Net income available to Edison International common shareholders$343 $439 $1,779 $428 Earnings allocated to participating securities— — (1)— Income available to common shareholders$343 $439 $1,778 $428 Weighted average common shares outstanding385 385 385 385 Basic earnings per share$0.89 $1.14 $4.62 $1.11 Diluted earnings per share:Income available to common shareholders$343 $439 $1,778 $428 Add back: Earnings allocated to participating securities— 1 1 1 Net income available to Edison International common shareholders$343 $440 $1,779 $429 Weighted average common shares outstanding385 385 385 385 Effect of dilutive securities1 3 1 2 Adjusted weighted average shares – diluted386 388 386 387 Diluted earnings per share$0.89 $1.13 $4.61 $1.11 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 9,879,