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

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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 high and daily low hourly power prices. Increases or decreases in this spread would result in higher or lower fair value, respectively.Nuclear Decommissioning TrustsSCE's nuclear decommissioning trust investments include equity securities, U.S. treasury securities, and other fixed income securities. Equity and treasury securities are classified as Level 1 as fair value is determined by observable market prices in active or highly liquid and transparent markets. The remaining fixed income securities are classified as Level 2. There are no securities classified as Level 3 in the nuclear decommissioning trusts. See Note 10 for more information on nuclear decommissioning trusts.Edison International Parent and OtherEdison International Parent and Other assets measured at fair value and classified as Level 1 consisted of money market funds of $51 million and $101 million at September 30, 2025 and December 31, 2024, respectively. Assets measured at fair value and classified as Level 2 were immaterial at September 30, 2025 and December 31, 2024, respectively. There were no securities classified as Level 3 for Edison International Parent and Other at September 30, 2025 and December 31, 2024, respectively.

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Fair Value of Debt Recorded at Carrying ValueThe carrying value and fair value of Edison International's and SCE's long-term debt (including the current portion of long-term debt) are as follows:September 30, 2025December 31, 2024(in millions)CarryingValue1FairValue2CarryingValue1FairValue2Edison International$36,378 $34,014 $35,583 $33,160 SCE31,565 29,086 30,515 27,994 1Carrying value is net of debt issuance costs.2The fair value of long-term debt is classified as Level 2.

Note 5.  Debt and Credit Agreements

Long-Term DebtDuring the nine months ended September 30, 2025, SCE issued the following first and refunding mortgage bonds:DescriptionMonth of IssuanceRateMaturity DateAmount (in millions)Series 2025AJanuary 20255.45%2035$850 Series 2025BJanuary 20255.90%2055650 Series 2025CMarch 20255.25%2030850 Series 2025DMarch 20256.20%2055650 Total