Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 11

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 11
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343 $439 $1,779 $428 Earnings allocated to participating securities— — (1)— Income available to common shareholders$343 $439 $1,778 $428 Weighted average common shares outstanding385 385 385 385 Basic earnings per share$0.89 $1.14 $4.62 $1.11 Diluted earnings per share:Income available to common shareholders$343 $439 $1,778 $428 Add back: Earnings allocated to participating securities— 1 1 1 Net income available to Edison International common shareholders$343 $440 $1,779 $429 Weighted average common shares outstanding385 385 385 385 Effect of dilutive securities1 3 1 2 Adjusted weighted average shares – diluted386 388 386 387 Diluted earnings per share$0.89 $1.13 $4.61 $1.11 In addition to the participating securities discussed above, Edison International also may award stock options, which are payable in common shares and are included in the diluted earnings per share calculation. Stock option awards to purchase 9,879,885 and 1,899,476 shares of common stock for the three months ended June 30, 2025 and 2024, respectively, 9,041,783 and 3,051,134 shares of common stock for the six months ended June 30, 2025 and 2024, respectively, were outstanding, but were not included in the computation of diluted earnings per share because the effect would have been antidilutive.

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Revenue RecognitionRevenue is recognized by Edison International and SCE when a performance obligation to transfer control of the promised goods is satisfied or when services are rendered to customers. This typically occurs when electricity is delivered to customers, which includes amounts for services rendered but unbilled at the end of a reporting period.Regulatory Proceedings2025 General Rate CaseIn July 2025, the CPUC issued a proposed decision on the 2025 GRC that, if adopted, would result in a base rate revenue requirement of $9.8 billion in 2025, an increase of $1,174 million over revenue requirement authorized for 2024.Since January 1, 2025, SCE is recognizing revenue based on the 2024 authorized revenue requirement, adjusted to reflect the 2025 CPUC-