Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 46

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 46
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5, SCE recorded $300 million in losses related to the Eaton Subrogation Settlement, including accrued estimated losses. Of these accrued estimated losses, $5 million was deferred as a FERC regulatory asset, eligible to be included in FERC rates when the losses are paid. As a result, wildfire-related claims reported on SCE's condensed consolidated statements of income was $295 million for the three months ended September 30, 2025.For the three months ended September 30, 2024, there were no wildfire-related claims, net of expected recoveries on SCE's condensed consolidated statements of income.

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For the nine months ended September 30, 2025 and 2024, SCE's condensed consolidated statements of income included wildfire-related claims, net of expected recoveries as follows:Nine months ended September 30, 2025(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsEaton Fire2TotalWildfire-related claims$— $21 $295 $316 Expected recoveries from insurance and third parties1— (82)— (82)Customer-funded wildfire self-insurance— — (279)(279)Expected (recoveries from)/refund to CPUC customers(1,341)44 — (1,297)Expected (recoveries from)/refund to FERC customers— 3 (16)(13)Total pre-tax gain(1,341)(14)— (1,355)Income tax expense375 4 — 379 Total after-tax gain$(966)$(10)$— $(976)Nine months ended September 30, 2024(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalWildfire-related claims$490 $184 $674 Expected recoveries from insurance and third parties3— (60)(60)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 nine months ended September 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