Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 19

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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 7 Balance at March 31, 2024$2,495 $2,168 $8,433 $(11)$8,012 $21,097 Net income— — — — 572 572 Dividends declared on common stock ($0.8278 per share)— — — — (360)(360)Dividends declared on preference stock ($17.927 - $54.8223 per share)— — — — (43)(43)Stock-based compensation— — (6)— — (6)Noncash stock-based compensation— — 7 — — 7 Preference stock issued350 — (5)— — 345 Preference stock redeemed(350)— 6 — (6)(350)Balance at June 30, 2024$2,495 $2,168 $8,435 $(11)$8,175 $21,262 Net income— — — — 641 641 Other comprehensive income— — — 1 — 1 Dividends declared on common stock ($0.8278 per share)— — — — (360)(360)Dividends declared on preference stock ($31.25 - $51.8084 per share for preference stock)— — — — (72)(72)Stock-based compensation— — (7)— — (7)Noncash stock-based compensation and other— — 8 — 1 9 Balance at September 30, 2024$2,495 $2,168 $8,436 $(10)$8,385 $21,474 

Note 3.  Variable Interest Entities

A VIE is defined as a legal entity that meets any of the following conditions: (1) the total equity investment at risk is not sufficient to fund the entity's activities without additional subordinated financial support, (2) the equity holders as a group, lack any of the following characteristics: the power to direct activities that most significantly impact the entity's economic performance, substantive voting rights, the obligation to absorb losses, or the right to receive the expected residual returns of the entity. The primary beneficiary is identified as the variable interest holder that has both the power to direct the activities of the VIE that most significantly impact the entity's