Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 668

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 668
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 and co-insurance, and expect that any such additional losses after expected recoveries from insurance and through electric rates will not be material. As of December 31, 2024, SCE has recorded total expected recoveries of $2.7 billion from insurance, of $152 million within the WEMA and RMBA and $465 million within the FERC related balancing account related to the 2017/2018 Wildfire/Mudslide Events and the Other Wildfire Events.

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The following table sets forth total expected recoveries SCE has recorded since inception through December 31, 2024:(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalInsurance recoveries$2,000 $718 $2,718 FERC recoveries44025465CPUC- RMBA recoveries— 12 12CPUC-WEMA deferral— 140 140 Total$2,440 $895 $3,335 The following tables summarize expected recoveries from insurance and through electric rates as of December 31, 2024 and 2023:December 31, 2024(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalLong-term insurance receivables$— $434 $434 FERC related balancing accounts64973CPUC-WEMA— 140 140 Total$64 $583 $647 December 31, 2023(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalLong-term insurance receivables$— $512 $512 FERC related balancing accounts371451CPUC-WEMA— 140 140 Total$37 $666 $703 For events that occurred in 2017 and early 2018, principally the Thomas and Koenigstein Fires and Montecito Mudslides, SCE had $1.0 billion of wildfire-specific insurance coverage, subject to a self-insured retention of $10 million per occurrence. For the Woolsey Fire, SCE had an additional $1.0 billion of wildfire-specific insurance coverage, subject to a self-insured retention of $10 million per occurrence. SCE has recovered $2.0 billion from its insurance carriers in relation to the claims related to the 2017/2018 Wildfire/Mudslide Events. SCE has recorded recoveries from insurance of $18 million related