Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 100

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 7
Chunk 100
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 liabilities on net unrealized gains of $361 million and $373 million as of March 31, 2025 and December 31, 2024, respectively.Trust fund earnings (based on specific identification) increase the trust fund balance and the ARO regulatory liability. Unrealized holding gains, net of losses, were $1.6 billion and $1.7 billion at March 31, 2025 and December 31, 2024, respectively.The following table summarizes the gains and losses for the trust investments:Three months ended March 31,(in millions)20252024Gross realized gains$24 $55 Gross realized losses(1)(9)Net unrealized (losses)/gains for equity securities(60)95 

Due to regulatory mechanisms, changes in the assets of the trusts from income or loss items do not materially affect earnings. 

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Note 11. Regulatory Assets and Liabilities

Regulatory AssetsSCE's regulatory assets included on the condensed consolidated balance sheets are:(in millions)March 31,2025December 31,2024Current:Regulatory balancing and memorandum accounts$2,097 $2,723 Other27 25 Total current2,124 2,748 Long-term:Deferred income taxes6,095 5,982 Unamortized investments, net of accumulated amortization120 115 Unamortized losses on reacquired debt85 88 Regulatory balancing and memorandum accounts2,436 867 Environmental remediation219 222 Recovery assets1,500 1,512 Other93 100 Total long-term10,548 8,886 Total regulatory assets$12,672 $11,634 For more information, see Note 11 of the 2024 Form 10-K.Regulatory LiabilitiesSCE's regulatory liabilities included on the condensed consolidated balance sheets are:(in millions)March 31,2025December 31,2024Current:Regulatory balancing and memorandum accounts$386 $1,144 Energy derivatives142 165 Other35 38 Total current563 1,347 Long-term:Costs of removal2,585 2,520 Deferred income taxes2,150 2,163 Recoveries in excess of ARO liabilities1,714 1,748 Regulatory balancing and memorandum accounts2,264 2,023 Pension and other postretirement benefits1,