Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 126

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 126
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 on the technical merits, that the position will be sustained upon examination. The guidance requires the disclosure of all unrecognized tax benefits, which includes both the reserves recorded for tax positions on filed tax returns and the unrecognized portion of affirmative claims.Unrecognized Tax BenefitsThe following table provides a reconciliation of unrecognized tax benefits:Edison InternationalSCE(in millions)202420232022202420232022Balance at January 1,$430 $646 $613 $418 $374 $340 Tax positions taken during the current year:Increases66 65 54 66 65 54 Tax positions taken during a prior year:Increases1 13 — — 4 — Decreases1(34)(294)(21)(27)(25)(20)Balance at December 31,$463 $430 $646 $457 $418 $374 1The Edison International decrease in 2023 was mainly related to a write-off of a reserve for a claim related to the Edison Mission Energy bankruptcy. As of December 31, 2024, if recognized, $72 million of unrecognized tax benefits would impact Edison International's effective tax rate and $66 million of the unrecognized tax benefits would impact SCE's effective tax rate.Tax DisputesTax years that remain open for examination by the Internal Revenue Service and Franchise Tax Board are 2021 – 2023 and 2013 – 2018 & 2020 - 2023, respectively.Accrued Interest and PenaltiesThe total amount of accrued interest and penalties related to income tax liabilities are:Edison InternationalSCEDecember 31,(in millions)2024202320242023Accrued interest and penalties$— $— $36 $28 The net after-tax interest and penalties recognized in income tax (benefit) expense are:Edison InternationalSCEYears ended December 31,(in millions)202420232022202420232022Net after-tax interest and penalties tax expense$—$—$— $7$4$2 

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Note 9. Compensation and Benefit Plans

Employee Savings PlanThe 401(k) defined contribution savings plan is designed to supplement employees' retirement income. The employer contributions were as follows:EdisonInternationalSCE(in millions)Years ended December 31,2024$136 $134 2023121 119 2022103 101 Pension Plans and Postretirement Benefits Other Than P