Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 239

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 239
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 and techniques are reviewed and assessed as markets continue to develop and more pricing information becomes available and the fair value is adjusted 

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when it is concluded that a change in inputs or techniques would result in a new valuation that better reflects the fair value of those derivative contracts. See Note 6 for a discussion of derivative instruments.SCEThe following table sets forth assets and liabilities of SCE that were accounted for at fair value by level within the fair value hierarchy:December 31, 2024(in millions)Level 1Level 2Level 3NettingandCollateral1TotalAssets at fair valueDerivative contracts$— $1 $212 $(1)$212 Other— 22 — — 22 Nuclear decommissioning trusts:Stocks21,631 — — — 1,631 Fixed Income3975 1,618 — — 2,593 Short-term investments, primarily cash equivalents128 39 — — 167 Subtotal of nuclear decommissioning trusts42,734 1,657 — — 4,391 Total assets2,734 1,680 212 (1)4,625 Liabilities at fair valueDerivative contracts— 47 — (47)— Total liabilities— 47 — (47)— Net assets$2,734 $1,633 $212 $46 $4,625 December 31, 2023(in millions)Level 1Level 2Level 3NettingandCollateral1TotalAssets at fair valueDerivative contracts$— $3 $91 $(3)$91 Money market funds and other78 22 — — 100 Nuclear decommissioning trusts:Stocks21,658 — — — 1,658 Fixed Income3923 1,421 — — 2,344 Short-term investments, primarily cash equivalents169 104 — — 273 Subtotal of nuclear decommissioning trusts42,750 1,525 — — 4,275 Total assets2,828 1,550 91 (3)4,466 Liabilities at fair valueDerivative contracts— 77 — (77)— Total liabilities— 77 — (77)— Net assets$2,828 $1,473 $91