Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 111

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 7
Chunk 111
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, 2025Nine months ended September 30, 2024(in millions)CustomersAll othersTotal3CustomersAll othersTotalBeginning balance$372 $18 $390 $347 $17 $364 Current period provision for uncollectible accounts2256 10 266 204 4 208 Write-offs, net of recoveries(286)(8)(294)(187)(9)(196)Ending balance$342 $20 $362 $364 $12 $376 1This includes $76 million and $74 million of incremental costs, for the three months ended September 30, 2025 and 2024, respectively, which were probable of recovery from customers and recorded as regulatory assets.2This includes $211 million and $170 million of incremental costs, for the nine months ended September 30, 2025 and 2024, respectively, which were probable of recovery from customers and recorded as regulatory assets.3Approximately $41 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 September 30, 2025 and December 31, 2024, respectively.

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Table of Contents

Wildfire Insurance FundSenate Bill 254SB 254 expands the Wildfire Insurance Fund originally created under AB 1054 by establishing the Continuation Account within the Wildfire Insurance Fund.The Continuation Account became operative upon all three California investor-owned utilities, PG&E, SCE, and SDG&E (collectively, the "IOUs") electing to participate and agreeing to contribute to the Continuation Account if required. The administrator of the Wildfire Insurance Fund will determine, on or before December 31, 2028, whether contributions to the Continuation Account are required, based on either of the following conditions: (a) the fund administrator projects that the original Wildfire Insurance Fund will be depleted within three years, or (b) a participating IOU notifies the fund administrator that it anticipates more than $1 billion in eligible claims in a single coverage year for one or more wildfires that ignite after the SB 254 Effective Date. If the fund administrator determines contributions are required, the CPUC will extend the non-bypassable charge imposed under AB 1054 until January 1, 2046 to collect customer contributions for the Continuation Account of $9 billion, and the IOUs will be required to contribute an initial aggregate amount