Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 82

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 82
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Short-term debt repaid— (381)381 Commercial paper (repayments) borrowings, net(795)342 (1,137)Preference stock issued, net of issuance cost— 345 (345)Preference stock redeemed— (350)350 Payment of common stock dividends to Edison International Parent(860)(720)(140)Payment of preference stock dividends(67)(88)21 Other(17)(7)(10)Net cash provided by financing activities$897 $1,135 $(238)

Net Cash Used in Investing Activities

Cash flows used in investing activities are primarily due to total capital expenditures of $3.1 billion and $2.7 billion for six months ended June 30, 2025 and 2024, respectively. In addition, SCE had a net redemption of nuclear decommissioning trust investments of $100 million and $22 million during the six months ended June 30, 2025 and 2024, respectively. See "Nuclear Decommissioning Activities" below for further discussion.

Nuclear Decommissioning Activities 

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

Six months ended June 30,Change(in millions)20252024Inflow/(Outflow)Net cash used in operating activities:Net earnings from nuclear decommissioning trust investments$13 $25 $(12)SCE's decommissioning costs(103)(65)(38)(90)(40)(50)Net cash provided by investing activities:Proceeds from sale of investments2,680 2,477 203 Purchases of investments(2,580)(2,455)(125)100 22 78 Net cash inflow (outflow)$10 $(18)$28 

Net cash used in operating activities relates to interest and dividends less administrative expenses, taxes and SCE's decommissioning costs. Investing activities represent the purchase and sale of investments within the nuclear decommissioning trusts, including the reinvestment of earnings from nuclear decommissioning trust investments. The net cash impact reflects timing of decommissioning payments ($103 million and $65 million in 2025 and 2024, respectively) and reimbursements to SCE from the nuclear decommissioning trust ($115 million and $66 million in 2025 and 2024, respectively). The net cash outflow in 2024 also includes $19 million of tax benefits that SCE received and contributed to