Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 33

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 33
---
708 1,690 Other35 15 Total long-term10,736 10,159 Total regulatory liabilities$11,845 $11,506 

54

Table of Contents

Net Regulatory Balancing and Memorandum AccountsThe following table summarizes the significant components of regulatory balancing and memorandum accounts included in the above tables of regulatory assets and liabilities:(in millions)September 30,2025December 31,2024Asset (liability)Energy procurement related costs$325 $(97)Public purpose and energy efficiency(2,189)(1,708)GRC related balancing accounts11,188 976 FERC related balancing accounts48 125 Wildfire risk mitigation and insurance2151 741 TKM Settlement cost recovery31,619 — Wildfire and drought restoration4291 238 Tax accounting memorandum account(72)(40)Other390 188 Assets, net of liabilities$1,751 $423 1     The GRC related balancing accounts primarily consist of the base revenue requirement balancing account ("BRRBA"), the vegetation management balancing account ("VMBA"), the Wildfire Risk Mitigation balancing account ("WRMBA") and the risk management balancing account ("RMBA").    The 2025 GRC decision approved the establishment of a two-way Grid Hardening Balancing Account to track the difference between the actual TUG program costs up to the approved mile limit and the authorized amounts, with spending in excess of 110% of authorized amounts subject to reasonableness review. Additionally, the final decision authorized SCE to establish a memorandum account to track and record capital expenditures above the amounts authorized to support SCE's grid readiness for future transportation electrification demand, with cost recovery subject to reasonableness review.2     The wildfire risk mitigation and insurance regulatory assets represent wildfire-related costs that are probable of future recovery from customers, subject to a reasonableness review. The Wildfire Expense Memorandum Account ("WEMA") is used to track incremental wildfire insurance costs and uninsured wildfire-related financing, legal and claim costs related to the Other Wildfire Events that SCE believes are probable of recovery. See Note 12 for further details. The Wildfire Mitigation Plan Memorandum Account is used to track costs incurred to implement SCE's wildfire mitigation plan that are not currently reflected in SCE's revenue requirements. The Fire Risk Mitigation Memorandum Account is used to track costs related to the reduction of fire risk that are incremental to costs approved for recovery in SCE's GRCs