Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 31

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 31
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 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 September 30,Nine months ended September 30,(in millions)2025202420252024Service cost$3 $3 $9 $9 Non-service cost (benefit)Interest cost10 9 30 27 Expected return on plan assets(27)(28)(81)(84)Amortization of net gain(20)(24)(60)(72)Regulatory adjustment34 40 102 120 Total non-service benefit1(3)(3)(9)(9)Total expense$— $— $— $— 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 DatesSeptember 30,2025December 31,2024September 30,2025December 31,2024Municipal bonds2067$738 $729 $911 $860 Government and agency securities20741,193 1,201 1,401 1,341 Corporate bonds2072320 346 381 392 Short-term investments and receivables/(payables)1One-year143 152 (52)62 Total debt securities and other$2,394 $2,428 2,641 2,655 Equity securities1,834 1,631 Total2$4,475 $4,286 1As of September 30, 2025 and December 31, 2024, short-term investments included $11 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 October 1, 2025 and January 2, 2025, respectively.2Represents amounts before reduction for deferred tax liabilities on net unrealized gains of $436 million and $373 million as of September 30, 2025 and