Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 38

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 38
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The following table summarizes cash provided by financing activities for 2024, 2023, and 2022. Issuances of debt is discussed in "Notes to Consolidated Financial Statements—Note 5. Debt and Credit Agreements." 

Years ended December 31,(in millions)202420232022Issuances of long-term debt, net of discount and insurance costs$4,214 $3,588 $5,032 Long-term debt repaid(2,201)(2,098)(385)Short-term debt borrowed— 706 — Short-term debt repaid(386)(1,051)(1,543)Commercial paper financing, net94 963 (406)Preference stock issued, net of issuance cost345 542 — Preference stock redeemed(628)— — Capital contributions from Edison International Parent500 — 1,400 Payment of common stock dividends to Edison International Parent(1,440)(1,400)(1,300)Payment of preference stock dividends(168)(117)(110)Other(16)49 36 Net cash provided by financing activities$314 $1,182 $2,724 

Net Cash Used in Investing Activities

Cash flows used in investing activities are primarily due to capital expenditures and funding of nuclear decommissioning trusts. Cash used in capital expenditures were $5.7 billion, $5.4 billion, and $5.8 billion for 2024, 2023, and 2022, respectively, primarily related to transmission, distribution and generation investments. SCE had a net redemption of nuclear decommissioning trust investments of $121 million, $180 million, and $123 million in 2024, 2023, and 2022, respectively. See "Nuclear Decommissioning Activities" below for further discussion.

Nuclear Decommissioning Activities

SCE's consolidated statements of cash flows include nuclear decommissioning activities, which are reflected in the following line items:

Years ended December 31,(in millions)202420232022Net cash used in operating activities:Net earnings from nuclear decommissioning trust investments$40 $42 $78 SCE's decommissioning costs(222)(229)(189)(182)(187)(111)Net cash provided by investing activities:Proceeds from sale of investments5,019 4,597 4,177 Purchases of investments(4,898)(4,417)(4,054)121 180