Company: SCE-PL
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000827052-25-000043
Chunk: 47

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 47
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 aware of any such events.

Note 13. 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 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 March 31, 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 March 31, 2025, $46 million authorized repurchase amount remained under the 2025 Share Repurchase Program.

Note 14. Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive loss, net of tax, are as follows:Edison InternationalSCEThree months ended March 31,(in millions)2025202420252024Beginning balance$— $(9)$(9)$(12)Pension and PBOP:Reclassified from accumulated other comprehensive loss1— — — 1 Change— — — 1 Ending balance$— $(9)$(9)$(11)1These items are included in the computation of net periodic pension and PBOP Plan expense. See Note 9 for additional information.

Note 15. Other Income, Net

Other income net of expenses is as follows:Three months endedMarch 31,(in millions)20252024SCE other income (expense):Equity AFUDC$46 $47 Increase in cash surrender value of life insurance policies and life insurance benefits10 12 Interest income43 64 Net periodic benefit income – non-service components21