Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 4

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 4
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udited)2025202420252024Operating revenue$4,532 $4,324 $8,334 $8,388 Purchased power and fuel1,157 1,234 2,204 2,242 Operation and maintenance1,553 1,258 2,515 2,549 Wildfire-related claims, net of (recoveries)— — (1,355)614 Wildfire Insurance Fund expense36 37 72 73 Depreciation and amortization825 725 1,566 1,426 Property and other taxes167 154 332 307 Other— — 8 — Total operating expenses3,738 3,408 5,342 7,211 Operating income794 916 2,992 1,177 Interest expense(421)(408)(641)(782)Other income, net117 147 228 282 Income before income taxes490 655 2,579 677 Income tax expense (benefit)14 83 502 (1)Net income476 572 2,077 678 Less: Preference stock dividend requirements33 49 67 90 Net income available to common stock$443 $523 $2,010 $588 

Condensed Consolidated Statements of Comprehensive IncomeSouthern California Edison Company

Three months ended June 30,Six months ended June 30,(in millions, unaudited)2025202420252024Net income$476 $572 $2,077 $678 Other comprehensive income, net of tax:Pension and postretirement benefits other than pensions1 — 1 1 Other comprehensive income, net of tax1 — 1 1 Comprehensive income$477 $572 $2,078 $679 

The accompanying notes are an integral part of these condensed consolidated financial statements.

27

Condensed Consolidated Balance SheetsSouthern California Edison Company

(in millions, unaudited)June 30,2025December 31,2024ASSETSCash and cash equivalents$77 $78 Receivables, less allowances of $310 and $347 for uncollectible accounts at respective dates1,899 2,160 Accrued unbilled revenue925 845 Inventory523 538 Prepaid expenses95 102 Regulatory assets2,805 2,748