Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 149

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 7
Chunk 149
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Table of Contents

losses through electric rates, including by requiring refund of amounts recovered, if it is determined that such losses were not prudently incurred. Under accounting standards for rate-regulated enterprises, SCE defers costs as regulatory assets in the period it concludes that such costs are probable of future recovery in electric rates. SCE utilizes objectively determinable evidence to form its view on the probability of future recovery. While Edison International and SCE may incur material losses in excess of the amounts accrued for certain of the Other Wildfire Events, Edison International and SCE expect that additional losses incurred in connection with any such fire will be covered by insurance, subject to self-insured retentions and co-insurance, and expect that any such additional losses after expected recoveries from insurance and through electric rates will not be material. The following table sets forth SCE's total recoveries received since inception and expected to receive as of September 30, 2025:(in millions)2017/2018 Wildfire/Mudslide Events1Other Wildfire EventsEaton FireTotalRecoveries from insurance and third parties$2,000 $800 $— $2,800 Customer-funded wildfire self-insurance— — 279 279 FERC recoveries440 22 21 483 CPUC-RMBA recoveries— 12 — 12 CPUC-WEMA deferral1,341 96 — 1,437 Total $3,781 $930 $300 $5,011 1Recoveries related to the 2017/2018 Wildfire/Mudslide Events only includes TKM, because the Woolsey Settlement Agreement has not been approved by the CPUC. The following tables summarize expected recoveries from insurance and third parties, and through electric rates as of September 30, 2025 and December 31, 2024:September 30, 2025(in millions)2017/2018 Wildfire/Mudslide Events1Other Wildfire EventsEaton FireTotalShort-term receivables from customer-funded wildfire self-insurance$— $— $279 $279 Long-term receivables from insurance and third parties— 319 — 319 FERC related balancing accounts37 20 21 78 CPUC-WEMA1,341 96 — 1,437 Total $1,378 $435 $300 $2,113 December 31, 202