Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 72

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 7
Chunk 72
---
 offset by payments of operating expenses. Net cash outflow of $286 million for 2024 was driven by payments of operating expenses, partially offset by inflows from net decreases in customer receivables and unbilled revenue.

Net cash (used in) provided by regulatory assets and liabilities, including changes in net under or over-collections recorded in balancing accounts, was $(1,443) million and $250 million during the three months ended March 31, 2025 and 2024, respectively. SCE has a number of balancing and memorandum accounts, which impact cash flows based on differences between timing of collection through rates and incurring expenditures. In 2025, regulatory assets and liabilities related changes were primarily driven by current year net undercollections resulting from cost recoveries authorized under the TKM Settlement Agreement (which offset in the net income and non-cash items discussed above) and lower sales price and volume than forecast, partially offset by recovery of prior year undercollections and GHG auction revenue received. Cash flows in 2024 were primarily due to recovery of prior year undercollections and GHG auction revenue received, partially offset by current year undercollections driven by lower sales volume. 

14

Net Cash Provided by Financing Activities

The following table summarizes cash provided by financing activities for the three months ended March 31, 2025 and 2024, respectively. Issuances of debt are discussed in "Notes to Condensed Consolidated Financial Statements—Note 5. Debt and Credit Agreements."

Three months ended March 31,Change(in millions)20252024Inflow/(Outflow)Issuances of long-term debt, net of discount and issuance costs$2,962 $2,976 $(14)Long-term debt repaid(1)(601)600 Short-term debt repaid— (375)375 Commercial paper repayments, net(1,245)(656)(589)Payment of common stock dividends to Edison International Parent(430)(360)(70)Payment of preference stock dividends(34)(43)9 Other(16)(7)(9)Net cash provided by financing activities$1,236 $934 $302 

Net Cash Used in Investing Activities

Cash flows used in investing activities are primarily due to total capital expenditures of $1.4 billion and $1.3 billion for three months ended March 31, 2025 and 2024, respectively. In addition, SCE had a net redemption of nuclear decommissioning trust investments of $34