Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 111

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 111
---
%12.7 %19.5%(0.1%)The CPUC requires flow-through ratemaking treatment for the current tax benefit arising from certain property-related and other temporary differences which reverse over time. Flow-through items reduce current authorized revenue requirement in SCE's rate cases and result in a regulatory asset for recovery of deferred income taxes in future periods. The difference between the authorized amounts as determined in SCE's rate cases, adjusted for balancing and memorandum account activities, and the recorded flow-through items also result in increases or decreases in regulatory assets with a corresponding impact on the effective tax rate to the extent that recorded deferred amounts are expected to be recovered in future rates. For further information, see Note 11.Tax DisputesThe tax years that remain open for examination by the IRS and the California Franchise Tax Board are 2021 – 2023, and 2013 – 2018 & 2020 – 2023, respectively.

45

Note 9.  Compensation and Benefit PlansPension PlansNet periodic pension expense components are:Three months ended June 30,Six months ended June 30,(in millions)2025202420252024Edison International:Service cost$23 $24 $46 $48 Non-service cost (benefit)Interest cost48 44 96 88 Expected return on plan assets(58)(59)(116)(118)Amortization of net loss11 1 1 2 Regulatory adjustment(8)(5)(15)(10)Total non-service benefit2(17)(19)(34)(38)Total expense$6 $5 $12 $10 SCE:Service cost$23 $24 $46 $48 Non-service cost (benefit)Interest cost45 41 89 81 Expected return on plan assets(55)(55)(110)(110)Amortization of net loss1— — — 1 Regulatory adjustment(8)(5)(15)(10)Total non-service benefit2(18)(19)(36)(38)Total expense$5 $5 $10 $10 1Represents the amount of net loss reclassified from other comprehensive loss.2Included in "Other Income, net" on Edison International's and SCE's condensed consolidated statements of income.Postretirement Benefits Other Than Pensions ("PBOP")Net periodic PBOP expense components for Edison International and SCE are:Three months ended June 30