Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 71

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 7
Chunk 71
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8Total2025 – 2028Traditional capital expendituresDistribution$5.0 $5.3 $5.4 $5.2 $20.9 Transmission0.5 0.8 0.9 0.9 3.1 Generation0.2 0.2 0.2 0.3 0.9 Subtotal5.7 6.3 6.5 6.4 24.9 Wildfire mitigation-related capital expenditures1.1 1.0 1.2 1.1 4.4 Total capital expenditures$6.8 $7.3 $7.7 $7.5 $29.3 Total capital expenditures using range case discussed below$6.6 $7.1 $7.5 $7.3 $28.5 

In addition to the amounts presented in the table above, SCE expects to make additional CPUC capital investments, the recovery of which will be subject to future regulatory approval. This includes non-GRC programs, such as additional spending on an advanced metering infrastructure program. SCE expects the total expenditures of these programs to be at least $2 billion, most of which will be incurred beyond 2028.

Furthermore, in May 2025, the CAISO approved its 2024 – 2025 Transmission Plan, which identified six transmission projects expected to be constructed by SCE with anticipated capital expenditures of approximately $300 million. As discussed in "Management Overview—Capital Program" in the 2024 MD&A, SCE also expects to construct projects associated with previously approved CAISO Transmission Plans requiring capital investment of at least $2 billion. Most of the capital expenditures are expected to be incurred beyond 2028. 

Rate Base

SCE's authorized CPUC-jurisdictional rate base is determined through the GRC and other regulatory proceedings. Differences between actual and CPUC-authorized rate base are addressed in subsequent GRCs or other regulatory proceedings. FERC-jurisdictional rate base is determined based on actual capital expenditures.

Reflected below is SCE's weighted average annual rate base for 2025 – 2028, based on the capital expenditure forecasts discussed above. In addition, the table below does not reflect the SB 254 Excluded Capital Expenditures, which SCE plans to recover through the issuance of securitized bonds. For further information, see "—Southern California Wildfires and Mudslides—