Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 20

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 20
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Subtotal of nuclear decommissioning trusts42,658 1,846 — — 4,504 Total assets2,664 1,880 184 (17)4,711 Liabilities at fair valueDerivative contracts— 15 5 (20)— Total liabilities— 15 5 (20)— Net assets $2,664 $1,865 $179 $3 $4,711 December 31, 2024(in millions)Level 1Level 2Level 3NettingandCollateral1TotalAssets at fair valueDerivative contracts$— $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 1Represents the netting of assets and liabilities under master netting agreements and cash collateral.2Approximately 72% and 75% of SCE's equity investments were in companies located in the United States at June 30, 2025 and December 31, 2024, respectively.3Includes corporate bonds, which were diversified by the inclusion of collateralized mortgage obligations and other asset backed securities, of $62 million and $94 million at June 30, 2025 and December 31, 2024, respectively.4Excludes net payables of $180 million and $105 million at June 30, 2025 and December 31, 2024, respectively, which consist of interest and dividend receivables as well as receivables and payables related to SCE's pending securities sales and purchases.

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SCE Fair Value of Level 3The following table sets forth a summary of changes in SCE's fair value of Level 3 net derivative assets and liabilities: