Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 65

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 7
Chunk 65
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 decision(76)— (76)(76)— (76)Severance costs, net of recovery— (44)44 — (44)44 Income tax benefit (expense)148 25 23 (307)213 (520)SCE non-core items(69)(65)(4)847 (549)1,396 Edison International Parent and OtherWildfire claims insured by EIS— (1)1 (50)(2)(48)Income tax benefit1— — — 11 — 11 Edison International Parent and Other non-core items— (1)1 (39)(2)(37)Total non-core items(69)(66)(3)808 (551)1,359 Core earnings (loss)SCE994 667 327 2,088 1,739 349 Edison International Parent and Other(93)(85)(8)(285)(244)(41)Edison International$901 $582 $319 $1,803 $1,495 $308 

1SCE and Edison International Parent and Other non-core items are tax-effected at an estimated statutory rate of approximately 28%; wildfire claims insured by EIS are tax-effected at the federal statutory rate of 21%.

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Edison International's third quarter 2025 earnings increased $316 million from the third quarter of 2024, resulting from an increase in SCE's earnings of $323 million and an increase in Edison International Parent and Other's loss of $7 million. SCE's higher net income consisted of $327 million of higher core earnings, partially offset by $4 million of higher non-core loss. Edison International Parent and Other's loss increased by $7 million due to $8 million of higher core loss, partially offset by $1 million of lower non-core loss.

Edison International's earnings for the nine months ended September 30, 2025 increased $1,667 million from the same period ended September 30, 2024, resulting from an increase in SCE's earnings of $1,745 million, partially offset by an increase in Edison International Parent and Other's loss of $78 million. SCE's higher net income consisted of $1,396 million of higher non-core earnings and $349 million of higher core earnings. Edison International Parent and Other's higher net loss consisted of $