Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 131

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 131
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 are sensitive to changes in market conditions. Changes in overall interest rate levels significantly affect the company's liabilities, while assets held in the various trusts established to fund Edison International's other postretirement benefits are affected by movements in the equity and bond markets. Due to SCE's regulatory recovery treatment, the funded status is offset by a regulatory liability.

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Table of Contents

Information on PBOP Plan assets and benefit obligations is shown below:Edison InternationalSCEYears ended December 31,(in millions)2024202320242023Change in benefit obligationBenefit obligation at beginning of year$773 $1,331 $769 $1,323 Service cost14 20 14 20 Interest cost38 67 38 67 Change in plan provisions23 — 23 — Actuarial gain(34)(567)(34)(563)Plan participants' contributions26 28 26 28 Benefits paid(99)(106)(99)(106)Benefit obligation at end of year$741 $773 $737 $769 Change in plan assetsFair value of plan assets at beginning of year$2,275 $2,187 $2,275 $2,187 Actual return on assets78 162 78 162 Employer contributions1 4 1 4 Plan participants' contributions26 28 26 28 Benefits paid(99)(106)(99)(106)Fair value of plan assets at end of year2,281 2,275 2,281 2,275 Overfunded status at end of year$1,540 $1,502 $1,544 $1,506 Amounts recognized in the consolidated balance sheets consist of:Long-term assets$1,544 $1,506 $1,544 $1,506 Current liabilities(1)— — — Long-term liabilities(3)(4)— — $1,540 $1,502 $1,544 $1,506 Amounts recognized in accumulated other comprehensive loss consist of:Net gain$(4)$(5)$— $— Amounts recognized as a regulatory liability(1,544)(1,505)(1,544)(1,505)Weighted average assumptions used to determine obligations at end of year:Discount rate5.60 %5.06 %5.60 %5.06 %Ass