Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 42

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 42
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 the period it concludes that such costs are probable of future recovery in electric rates. SCE utilizes objectively determinable evidence to form its view on the probability of future recovery. While Edison International and SCE may incur material losses in excess of the amounts accrued for certain of the Other Wildfire Events, Edison International and SCE expect that additional losses incurred in connection with any such fire will 

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be covered by insurance, subject to self-insured retentions and co-insurance, and expect that any such additional losses after expected recoveries from insurance and through electric rates will not be material. The following table sets forth SCE's total recoveries received since inception and expected to receive as of June 30, 2025:(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalRecoveries from insurance and third parties$2,000 $800 $2,800 FERC recoveries440 22 462 CPUC- RMBA recoveries— 12 12 CPUC-WEMA deferral1,341 96 1,437 Total $3,781 $930 $4,711 The following tables summarize expected recoveries from insurance and third parties, and through electric rates as of June 30, 2025 and December 31, 2024:June 30, 2025(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalLong-term receivables from insurance and third parties$— $380 $380 FERC related balancing accounts46 22 68 CPUC-WEMA1,341 96 1,437 Total $1,387 $498 $1,885 December 31, 2024(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotalLong-term receivables from insurance and third parties$— $434 $434 FERC related balancing accounts64 9 73 CPUC-WEMA— 140 140 Total $64 $583 $647 For events that occurred in 2017 and early 2018, principally the Thomas and Koenigstein Fires and Montecito Mudslides, SCE had $1.0 billion of wildfire-specific insurance coverage, subject to a self-insured retention of $10 million per occurrence. For the Woolsey Fire, SCE had an additional $1.0 billion of wildfire-specific insurance coverage