Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 73

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 7
Chunk 73
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 million and $1 million during the three months ended March 31, 2025 and 2024, respectively. See "Nuclear Decommissioning Activities" below for further discussion.

Nuclear Decommissioning Activities 

SCE's condensed consolidated statements of cash flows include nuclear decommissioning activities, which are reflected in the following line items:

Three months ended March 31,Change(in millions)20252024Inflow/(Outflow)Net cash used in operating activities:Net earnings from nuclear decommissioning trust investments$25 $28 $(3)SCE's decommissioning costs(61)(32)(29)(36)(4)(32)Net cash provided by investing activities:Proceeds from sale of investments$1,406 $1,258 148 Purchases of investments(1,372)(1,257)(115)34 1 $33 Net cash outflow$(2)$(3)$1 

Net cash used in operating activities relates to interest and dividends less administrative expenses, taxes and SCE's decommissioning costs. Investing activities represent the purchase and sale of investments within the nuclear decommissioning trusts, including the reinvestment of earnings from nuclear decommissioning trust investments. The net cash impact reflects timing of decommissioning payments ($61 million and $32 million in 2025 and 2024, respectively) and reimbursements to SCE from the nuclear decommissioning trust ($59 million and $48 million in 2025 and 2024, respectively). The net cash outflow in 2024 also includes $19 million of tax benefits received, contributed by SCE to the decommissioning trust.

15

Edison International Parent and Other

The table below sets forth condensed historical cash flow from operations for Edison International Parent and Other, including intercompany eliminations.

Three Months Ended March 31,Change(in millions)20252024Inflow/(Outflow)Net cash used in operating activities$(30)$(43)$13 Net cash provided by financing activities138 54 84 Net cash used in investing activities(1)— (1)Net increase in cash, cash equivalents and restricted cash$107 $11 $96 

Net Cash Used in Operating Activities

Net cash used in operating activities decreased by $13 million in 2025 compared to 2024. This was primarily due to $77 million collection from SCE, offset by $50 million wildfire-related claims and related legal expenses paid by EIS to SCE (for further