Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 386

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 386
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 the inputs/assumptions and valuation techniques used to price each asset type/class. The trustee and Edison International's validation procedures for pension and PBOP equity and fixed income securities are the same as the nuclear decommissioning trusts. For further discussion, see Note 4. The values of Level 1 mutual and money market funds are publicly quoted. The trustees obtain the values of common/collective and other investment funds from the fund managers. The values of partnerships are based on partnership valuation statements updated for cash flows. SCE's investment managers corroborate the trustee fair values.Pension PlanThe following table sets forth the investments for Edison International and SCE that were accounted for at fair value as of December 31, 2024 and 2023, respectively, by asset class and level within the fair value hierarchy:December 31, 2024(in millions)Level 1Level 2NAV1TotalU.S. government and agency securities2$244 $353 $— $597 Corporate stocks3148 4 — 152 Corporate bonds4— 1,084 — 1,084 Common/collective funds5— — 652 652 Partnerships/joint ventures6— — 680 680 Other investment entities7— — 58 58 Registered investment companies8238 — 142 380 Interest-bearing cash14 — — 14 Other— 57 8 65 Total$644 $1,498 $1,540 $3,682 Receivables and payables, net(74)Combined net plan assets available for benefits3,608 SCE's share of net plan assets$3,416 December 31, 2023(in millions)Level 1Level 2NAV1TotalU.S. government and agency securities2$256 $352 $— $608 Corporate stocks3176 5 — 181 Corporate bonds4— 1,057 — 1,057 Common/collective funds5— — 584 584 Partnerships/joint ventures6— — 657 657 Other investment entities7— — 58 58 Registered investment companies8212 — 153 365 Interest-bearing cash10 — — 10 Other— 46 8 54 Total$654 $1,460 $1,460 $3,574