Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 99

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 7
Chunk 99
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Expected return on plan assets(55)(55)Amortization of net loss1— 1 Regulatory adjustment(7)(5)Total non-service benefit2$(18)$(19)Total expense$5 $5 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 March 31,(in millions)20252024Service cost$3 $3 Non-service cost (benefit)Interest cost10 9 Expected return on plan assets(27)(28)Amortization of net gain(20)(24)Regulatory adjustment34 40 Total non-service benefit1$(3)$(3)Total expense$— $— 1Included in "Other income, net" on Edison International's and SCE's condensed consolidated statements of income.

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Note 10. Investments Future decommissioning costs related to SCE's nuclear assets are expected to be funded from independent decommissioning trusts.The following table sets forth amortized cost and fair value of the trust investments (see Note 4 for a discussion on fair value of the trust investments):Amortized CostsFair Values(in millions)LongestMaturity DatesMarch 31,2025December 31,2024March 31,2025December 31,2024Municipal bonds2067$759 $729 $897 $860 Government and agency securities20741,212 1,201 1,384 1,341 Corporate bonds2072332 346 383 392 Short-term investments and receivables/(payables)1One-year117 152 (8)62 Total debt securities and other$2,420 $2,428 2,656 2,655 Equity securities1,575 1,631 Total2$4,231 $4,286 1As of March 31, 2025 and December 31, 2024, short-term investments included $9 million and $18 million of repurchase agreement payable by financial institutions which earned interest, were fully secured by U.S. Treasury securities, and mature by April 1, 2025 and January 2, 2025, respectively.2Represents amounts before reduction for deferred tax