Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 94

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 94
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$357 $349 $15 $364 Six months ended June 30, 2025Six months ended June 30, 2024(in millions)CustomersAll othersTotal3CustomersAll othersTotalBeginning balance$372 $18 $390 $347 $17 $364 Current period provision for uncollectible accounts2160 9 169 114 4 118 Write-offs, net of recoveries(197)(5)(202)(112)(6)(118)Ending balance$335 $22 $357 $349 $15 $364 1This includes $69 million and $46 million of incremental costs, for the three months ended June 30, 2025 and 2024, respectively, which were probable of recovery from customers and recorded as regulatory assets.2This includes $135 million and $96 million of incremental costs, for the six months ended June 30, 2025 and 2024, respectively, which were probable of recovery from customers and recorded as regulatory assets.3Approximately $47 million and $43 million of allowance for uncollectible accounts are included in "Other long-term assets" on SCE's condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024, respectively.Wildfire Insurance FundThe Wildfire Insurance Fund does not have a defined life and instead will terminate when the administrator determines that the fund has been exhausted. SCE estimates the period of coverage of the fund and amortizes contributions made to the Wildfire Insurance Fund ratably over the period of coverage similar to prepaid insurance. Estimating the period of coverage 

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of the fund requires significant judgment. Frequency of wildfire events and estimated costs associated with wildfire events caused by participating utilities are significant factors used to estimate the fund's period of coverage. SCE reassesses the period of coverage of the fund at least annually in the first quarter each year and when new or additional information becomes available. As of the date of this filing, SCE does not have new or additional information that would enable it to change its prior assessment that the Wildfire Insurance Fund would provide coverage for an estimated 20 years from the date SCE committed to participate in the Wildfire Insurance Fund. When updating its estimate, SCE included all its fires for which losses can be reasonably estimated and relied on publicly disclosed wildfire-related losses related to other participating utilities. As discussed in Note 12, while SCE believes that it will incur material losses in connection with the Eaton Fire