Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 29

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 29
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 accounts2,249 867 Environmental remediation218 222 Recovery assets1,488 1,512 Other91 100 Total long-term10,487 8,886 Total regulatory assets$13,292 $11,634 For more information, see Note 11 of the 2024 Form 10-K.Regulatory LiabilitiesSCE's regulatory liabilities included on the condensed consolidated balance sheets are:(in millions)June 30,2025December 31,2024Current:Regulatory balancing and memorandum accounts$283 $1,144 Energy derivatives177 165 Other30 38 Total current490 1,347 Long-term:Costs of removal2,623 2,520 Deferred income taxes2,138 2,163 Recoveries in excess of ARO liabilities1,823 1,748 Regulatory balancing and memorandum accounts2,760 2,023 Pension and other postretirement benefits1,702 1,690 Other20 15 Total long-term11,066 10,159 Total regulatory liabilities$11,556 $11,506 

48

Net Regulatory Balancing and Memorandum AccountsThe following table summarizes the significant components of regulatory balancing and memorandum accounts included in the above tables of regulatory assets and liabilities:(in millions)June 30,2025December 31,2024Asset (liability)Energy procurement related costs$207 $(97)Public purpose and energy efficiency(2,074)(1,708)GRC related balancing accounts1,342 976 FERC related balancing accounts107 125 Wildfire risk mitigation and insurance225 741 TKM Settlement cost recovery11,586 — Wildfire and drought restoration289 238 Tax accounting memorandum account(108)(40)Other402 188 Assets, net of liabilities$1,976 $423 1     Cost recoveries authorized under the TKM Settlement Agreement. See Note 12 for more information.

Note 12. Commitments and Contingencies

IndemnitiesEdison International and SCE have agreed to provide indemnifications through contracts entered into in the normal course of business. These are primarily indemnifications against adverse litigation outcomes in connection with underwriting agreements, indemnities for specified environmental liabilities and income taxes or other contractual arrangements. Edison International's and SCE's obligations under these agreements may or may not be limited in terms of time and/or amount, and