Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 87

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 7
Chunk 87
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 million of higher pass-through costs (offset in "Operating Revenue" above).

Income Taxes

An increase in income tax expense of $611 million was primarily due to $675 million higher tax expense on higher pre-tax income, partially offset by $64 million higher flow-through tax benefits that are passed through to customers (offset the pre-tax amount in "Operating Revenue" above). See "Notes to Condensed Consolidated Financial Statements—Note 8. Income Taxes" for a reconciliation of the federal statutory rate to the effective income tax rate.

Preference Stock Dividend Requirements

A decrease in preference stock dividend requirements of $28 million was primarily due to a lower amount of outstanding preference stock following redemptions in 2024.

Edison International Parent and Other

Results of operations for Edison International Parent and Other include amounts from other subsidiaries that are not reportable segments, as well as intercompany eliminations.

Loss from Operations

The following table summarizes the results of Edison International Parent and Other:

Three months ended September 30,Favorable (Unfavorable)Nine months ended September 30,Favorable (Unfavorable)(in millions)202520242025 to 2024202520242025 to 2024Edison International Parent and Other net loss$(71)$(64)$(7)$(258)$(181)$(77)Less: Preferred stock dividend requirements22 22 — 66 65 1 Edison International Parent and Other net loss available to common shareholders$(93)$(86)$(7)$(324)$(246)$(78)

The net loss available to common shareholders from operations of Edison International Parent and Other increased by $7 million for the three months ended September 30, 2025, compared to the same period in 2024, primarily due to higher interest expense.

The net loss available to common shareholders from operations of Edison International Parent and Other increased $78 million for the nine months ended September 30, 2025, compared to the same period in 2024, primarily due to expenses from wildfire claims insured by an EIS insurance contract (see "Notes to Condensed Consolidated Financial Statements— Note 12. Commitments and Contingencies and Note 17. Related-Party Transactions" for further information) and higher interest expense.

LIQUIDITY AND CAPITAL RESOURCES

SCE

SCE's ability to operate its business, fund capital expenditures, and implement its business strategy is dependent upon its operating cash flow and access to the bank and capital