Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 159

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 159
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, 2024(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalCharge for wildfire-related claims$490 $253 $743 Expected insurance recoveries1— (96)(96)Expected recoveries through electric rates(27)(9)(36)Total pre-tax charge463 148 611 Income tax benefit(130)(42)(172)Total after-tax charge$333 $106 $439 

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Year ended December 31, 2023(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalCharge for wildfire-related claims$630 $184 $814 Expected insurance recoveries1— (149)(149)Expected recoveries through electric rates(37)(2)(39)Total pre-tax charge593 33 626 Income tax benefit(165)(9)(174)Total after-tax charge$428 $24 $452 Year ended December 31, 2022(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalCharge for wildfire-related claims$1,296 $572 $1,868 Expected insurance recoveries1— (399)(399)Expected recoveries through electric rates(76)(162)(238)Total pre-tax charge1,220 11 1,231 Income tax benefit(341)(3)(344)Total after-tax charge$879 $8 $887 1.In 2024, 2023 and 2022, Edison Insurance Services, Inc. ("EIS"), a wholly-owned subsidiary of Edison International, incurred $4 million, $3 million and $9 million insurance expenses, respectively. These amounts were included in the insurance recoveries of SCE but were excluded from those of Edison International. In total, through December 31, 2024, SCE has recorded estimated losses of $11 billion, expected recoveries from insurance and third parties of $2.7 billion and expected recoveries through electric rates of $617 million related to the 2017/2018 Wildfire/Mudslide Events and the Other Wildfire Events. The after-tax net charges to earnings recorded through December 31, 2024, have been $5.6 billion. Recoveries SCE has exhausted expected insurance recoveries related to the 2017/2018 Wildfire/Mudslide Events. Expected recoveries from insurance recorded