Company: SCE-PL
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000827052-25-000074
Chunk: 135

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 135
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 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 2025 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 

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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.During the three months ended June 30, 2025, there were no shares repurchased and retired. During the six months ended June 30, 2025, Edison International repurchased and retired 500,000 shares under the 2025 Repurchase Program for an average price of $58.97 per share. As of June 30, 2025, $46 million authorized repurchase amount remained under the 2025 Share Repurchase Program.

Note 14. Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive loss, net of tax, are as follows:Three months ended June 30,Six months ended June 30,(in millions)2025202420252024Edison International:Beginning balance$— $(9)$— $(9)Pension and PBOP:Reclassified from accumulated other comprehensive loss11 1 1 1 Foreign currency translation adjustments1 — 1 — Change2 1 2 1 Ending Balance$2 $(8)$2 $(8)SCE:Beginning balance$(9)$(11)$(9)$(12)Pension and PBOP:Reclassified from accumulated other comprehensive loss11 — 1 1 Change1 — 1 1 Ending Balance$(8)$(11)$(8)$(11)1These items are included in the computation of net periodic pension and PBOP Plan expense. See Note 9 for additional information.

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Note 15. Other Income, Net

Other income net of expenses is