Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 104

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 104
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 observable inputs are not available. In circumstances where fair value cannot be verified with observable market transactions, it is possible that a different valuation model could produce a materially different estimate of fair value. Modeling methodologies, inputs, and techniques are reviewed and assessed as markets continue to develop and more pricing information becomes available, and the fair value is adjusted 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:

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June 30, 2025(in millions)Level 1Level 2Level 3NettingandCollateral1TotalAssets at fair valueDerivative contracts$— $12 $184 $(17)$179 Money market funds and other6 22 — — 28 Nuclear decommissioning trusts:Stocks21,721 — — — 1,721 Fixed Income3858 1,706 — — 2,564 Short-term investments, primarily cash equivalents79 140 — — 219 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 valueDer