Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 281

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 281
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 in estimated losses since December 31, 2023:(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalBalance at December 31, 2023$715 $683 $1,398 Increase in accrued estimated losses490 253 743 Amounts paid(779)(361)(1,140)Balance at December 31, 2024$426 $575 $1,001 Edison International's and SCE's consolidated balance sheets included fixed payments to be made under executed settlement agreements and accrued estimated losses presented in the tables below:(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalCurrent portion of Wildfire-related claims liabilities1$48 $12 $60 Long term wildfire-related claims liabilities2378 563 941 Total Balance at December 31, 2024$426 $575 $1,001 

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(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalCurrent portion of Wildfire-related claims liabilities1$30 $— $30 Long term wildfire-related claims liabilities2685 683 1,368 Total Balance at December 31, 2023$715 $683 $1,398 1.At December 31, 2024, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $29 million of settlements executed and $19 million of short-term payables under the SED Agreement. At December 31, 2023, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $16 million of settlements executed and $14 million of short-term payables under the SED Agreement. 2.At December 31, 2024, long-term wildfire-related claims related to 2017/2018 Wildfire/Mudslide Events consisted of $38 million of long-term payables under the SED Agreement and $340 million of estimate of expected losses for remaining alleged and potential claims. At December 31, 2023, long-term wildfire-related claims related to 2017/2018 Wildfire/Mudslide Events consisted of $48 million of long-term payables under the SED Agreement and $637 million of estimate of expected losses for remaining alleged and potential claims. Edison International and SCE have accrued their best estimate of expected losses