Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 125

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 125
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 not include estimates of potential losses related to certain potential public entity plaintiff claims, including CAL OES's claim in the TKM litigation for which the statute of limitations has been tolled, as losses from these alleged and potential claims are not estimable at this time.

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For the three months ended June 30, 2025 and 2024, there were no wildfire-related claims, net of expected recoveries on SCE's condensed consolidated statements of income.For the six months ended June 30, 2025 and 2024, SCE's condensed consolidated statements of income included wildfire-related claims, net of expected recoveries as follows:Six months ended June 30, 2025(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalWildfire-related claims$— $21 $21 Expected recoveries from insurance and third parties1— (82)(82)Expected (recoveries from)/refund to CPUC customers(1,341)44 (1,297)Expected refund to FERC customers— 3 3 Total pre-tax gain(1,341)(14)(1,355)Income tax expense375 4 379 Total after-tax gain$(966)$(10)$(976)Six months ended June 30, 2024(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalWildfire-related claims$490 $180 $670 Expected recoveries from insurance and third parties2— (56)(56)Expected revenue from FERC customers(27)(7)(34)Total pre-tax charge463 117 580 Income tax benefit(130)(33)(163)Total after-tax charge$333 $84 $417 1For the six months ended June 30, 2025, EIS, a wholly-owned subsidiary of Edison International, incurred $50 million insurance expense, which consisted of $47 million of wildfire claims and $3 million of related legal costs. Wildfire claims were included in the insurance recoveries of SCE, offset by reduction in expected recovery from CPUC and FERC customers, and was excluded from insurance recoveries of Edison International.2For the six months ended June 30, 2024, EIS incurred $1 million insurance expense. This amount was included in the insurance recoveries of SCE but were excluded from those of Edison International.In total, through June 30, 2025, SCE has recorded