Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 112

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 112
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,Six months ended June 30,(in millions)2025202420252024Service cost$3 $3 $6 $6 Non-service cost (benefit)Interest cost10 9 20 18 Expected return on plan assets(27)(28)(54)(56)Amortization of net gain(20)(24)(40)(48)Regulatory adjustment34 40 68 80 Total non-service benefit1(3)(3)(6)(6)Total expense$— $— $— $— 1Included in "Other income, net" on Edison International's and SCE's condensed consolidated statements of income.

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Note 10. Investments Future decommissioning costs related to SCE's nuclear assets are expected to be funded from independent decommissioning trusts.The following table sets forth amortized cost and fair value of the trust investments (see Note 4 for a discussion on fair value of the trust investments):Amortized CostsFair Values(in millions)LongestMaturity DatesJune 30,2025December 31,2024June 30,2025December 31,2024Municipal bonds2067$770 $729 $921 $860 Government and agency securities20741,086 1,201 1,263 1,341 Corporate bonds2072322 346 380 392 Short-term investments and receivables/(payables)1One-year195 152 39 62 Total debt securities and other$2,373 $2,428 2,603 2,655 Equity securities1,721 1,631 Total2$4,324 $4,286 1As of June 30, 2025 and December 31, 2024, short-term investments included $120 million and $18 million of repurchase agreement payable by financial institutions which earned interest, were fully secured by U.S. Treasury securities, and mature by July 2, 2025 and January 2, 2025, respectively.2Represents amounts before reduction for deferred tax liabilities on net unrealized gains of $398 million and $373 million as of June 30, 2025 and December 31, 2024, respectively.Trust fund earnings (based on specific identification) increase the trust fund balance and the ARO regulatory liability. Unrealized holding gains, net of losses, were $1.8 billion and $1.7