Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 422

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 422
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580 Other operating leases62 55 50 ROU assets obtained in exchange for lease obligations:PPA operating leases$11 $226 $20 Other operating leases79 69 76 Weighted average remaining lease term (in years):PPA operating leases12.5013.379.42Other operating leases8.869.5610.38Weighted average discount rate:PPA operating leases4.30%4.30%2.95%Other operating leases4.50%4.22%3.78%Leases as LessorSCE also enters into operating leases to rent certain land and facilities as a lessor. These leases primarily have terms that range from 15 to 65 years. During the years ended December 31, 2024, 2023 and 2022, SCE recognized lease income of $18 million, $17 million and $18 million, respectively, which is included in operating revenue on the consolidated statements of income. At December 31, 2024, the undiscounted cash flow expected to be received from lease payments for the remaining years is as follows:(in millions)2025$12 20268 20278 20288 20297 Thereafter118 Total$161 

Note 14. Equity

Common StockStock Repurchase ProgramsOn December 12, 2024, the Edison International Board of Directors authorized a stock repurchase program effective February 20, 2025 for repurchase of up to $75 million of its common stock until February 18, 2026 ("2025 Repurchase Program"). The Repurchase Program will be used to offset dilution from common stock issued under Edison International's long-term incentive compensation programs and will be funded using Edison International's working capital.The timing and the amount of any repurchased common stock will be determined by Edison International's management based on their evaluation of market conditions and other factors. The 2025 Repurchase Program may be executed through various methods, including open market purchases, privately negotiated transactions, and other transactions in accordance with applicable securities laws. Any repurchased shares of common stock will be retired. The 2025 Repurchase Program does not obligate Edison International to acquire any particular amount of common stock, and it may be suspended or discontinued at any time at its discretion.

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On July 25, 2024, Edison International announced a stock repurchase program effective July 29, 2024 for repurchase of up to