Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 93

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 93
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 consolidated balance sheets, respectively, as total assets.Cash, Cash Equivalents and Restricted CashThe following table sets forth the cash, cash equivalents and restricted cash included in the condensed consolidated statements of cash flows:

31

Edison InternationalSCE(in millions)June 30,2025December 31,2024June 30,2025December 31,2024Cash and cash equivalents1$140 $193 $77 $78 Short-term restricted cash230 40 28 36 Long-term restricted cash3609 451 609 451 Total cash, cash equivalents and restricted cash$779 $684 $714 $565 1Cash equivalents consist of investments in money market funds. Generally, the carrying value of cash equivalents equals the fair value, as these investments have original maturities of three months or less.2Includes SCE Recovery Funding LLC's restricted cash for payments of senior secured recovery bonds and is reflected in "Other current assets" on Edison International's and SCE's condensed consolidated balance sheets.3The SCE amount represents cash collected for customer-funded wildfire self-insurance and is reflected in "Other long-term assets" on Edison International's and SCE's condensed consolidated balance sheets. See Note 12 for further information.Allowance for Uncollectible AccountsThe allowance for uncollectible accounts is recorded based on SCE's estimate of expected credit losses and adjusted over the life of the receivables as needed. Since the customer base of SCE is concentrated in Southern California which exposes SCE to a homogeneous set of economic conditions, the allowance is measured on a collective basis on the historical amounts written-off, assessment of customer collectibility and current economic trends, including unemployment rates and any likelihood of recession for the region. The increase in the provision of uncollectible accounts and write-offs for the three and six months ended June 30, 2025, is driven primarily by consumer protection programs that limit disconnections for nonpayment.The following table sets forth the changes in allowance for uncollectible accounts for SCE:Three months ended June 30, 2025Three months ended June 30, 2024(in millions)CustomersAll othersTotal3CustomersAll othersTotalBeginning balance$322 $18 $340 $347 $16 $363 Current period provision for uncollectible accounts182 6 88 54 3 57 Write-offs, net of recoveries(69)(2)(71)(52)(4)(56)Ending balance$335 $22