Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Undiscounted Expected Payments for PPA

SCE entered into various agreements to purchase power, electric capacity and other energy products. At December 31, 2024, the undiscounted future expected minimum payments for the SCE PPAs (primarily related to renewable energy contracts), which were approved by the CPUC and met other critical contract provisions (including completion of major milestones for construction), were as follows:

(in millions)	Total
2025	$	2,986
2026	3,139
2027	2,704
2028	2,423
2029	2,421
Thereafter	16,493
Total future commitments1	$	30,166

1Certain power purchase agreements are treated as operating leases. For further discussion, see Note 13. Includes long-term lease contracts commencing in 2024 with total future minimum lease payments of $57 million.

Schedule of Certain Future Other Commitments

The following summarizes the estimated minimum future commitments for SCE's other commitments:

(in millions)	2025		2026		2027		2028		2029		Thereafter		Total
Other contractual obligations	$	62	$	59	$	59	$	59	$	48	$	142	$	429

Schedule of Contingency Accruals and Changes

The following table presents settlements paid.

(in millions)	Inception to December 31, 2024		2024		2023		2022
2017/2018 Wildfire/Mudslide Events	$	9,454	$	779	$	1,034	$	1,911
Other Wildfire Events	564		361		190		13
Total	$	10,018	$	1,140	$	1,224	$	1,924

The following table presents changes in estimated losses since December 31, 2023:

(in millions)	2017/2018 Wildfire/Mudslide Events		Other Wildfire Events		Total
Balance at December 31, 2023	$	715	$	683	$	1,398
Increase in accrued estimated losses	490		253		743
Amounts paid	(779)		(361)		(1,140)
Balance at December 31, 2024	$	426	$	575	$	1,001

Edison International's and SCE's consolidated balance sheets included fixed payments to be made under executed settlement agreements and accrued estimated losses presented in the tables below:

(in millions)	2017/2018 Wildfire/Mudslide Events		Other Wildfire Events		Total
Current portion of Wildfire-related claims liabilities1	$	48	$	12	$	60
Long term wildfire-related claims liabilities2	378		563		941
Total Balance at December 31, 2024	$	426	$	575	$	1,001

(in millions)	2017/2018 Wildfire/Mudslide Events		Other Wildfire Events		Total
Current portion of Wildfire-related claims liabilities1	$	30	$	—	$	30
Long term wildfire-related claims liabilities2	685		683		1,368
Total Balance at December 31, 2023	$	715	$	683	$	1,398

1.At December 31, 2024, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $29 million of settlements executed and $19 million of short-term payables under the SED Agreement. At December 31, 2023, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $16 million of settlements executed and $14 million of short-term payables under the SED Agreement.

2.At December 31, 2024, long-term wildfire-related claims related to 2017/2018 Wildfire/Mudslide Events consisted of $38 million of long-term payables under the SED Agreement and $340 million of estimate of expected losses for remaining alleged and potential claims. At December 31, 2023, long-term wildfire-related claims related to 2017/2018 Wildfire/Mudslide Events consisted of $48 million of long-term payables under the SED Agreement and $637 million of estimate of expected losses for remaining alleged and potential claims.

For the years ended December 31, 2024, 2023 and 2022, SCE's consolidated statements of income included charges for the estimated losses, net of expected recoveries, as follows:

	Year ended December 31, 2024
(in millions)	2017/2018 Wildfire/Mudslide Events		Other Wildfire Events		Total
Charge for wildfire-related claims	$	490	$	253	$	743
Expected insurance recoveries1	—		(96)		(96)
Expected recoveries through electric rates	(27)		(9)		(36)
Total pre-tax charge	463		148		611
Income tax benefit	(130)		(42)		(172)
Total after-tax charge	$	333	$	106	$	439

	Year ended December 31, 2023
(in millions)	2017/2018 Wildfire/Mudslide Events		Other Wildfire Events		Total
Charge for wildfire-related claims	$	630	$	184	$	814
Expected insurance recoveries1	—		(149)		(149)
Expected recoveries through electric rates	(37)		(2)		(39)
Total pre-tax charge	593		33		626
Income tax benefit	(165)		(9)		(174)
Total after-tax charge	$	428	$	24	$	452

	Year ended December 31, 2022
(in millions)	2017/2018 Wildfire/Mudslide Events		Other Wildfire Events		Total
Charge for wildfire-related claims	$	1,296	$	572	$	1,868
Expected insurance recoveries1	—		(399)		(399)
Expected recoveries through electric rates	(76)		(162)		(238)
Total pre-tax charge	1,220		11		1,231
Income tax benefit	(341)		(3)		(344)
Total after-tax charge	$	879	$	8	$	887

1.In 2024, 2023 and 2022, Edison Insurance Services, Inc. ("EIS"), a wholly-owned subsidiary of Edison International, incurred $4 million, $3 million and $9 million insurance expenses, respectively. These amounts were included in the insurance recoveries of SCE but were excluded from those of Edison International.

The following table sets forth total expected recoveries SCE has recorded since inception through December 31, 2024:

(in millions)	2017/2018 Wildfire/Mudslide Events		Other Wildfire Events		Total
Insurance recoveries	$	2,000	$	718	$	2,718
FERC recoveries	440		25		465
CPUC- RMBA recoveries	—		12		12
CPUC-WEMA deferral	—		140		140
Total	$	2,440	$	895	$	3,335

The following tables summarize expected recoveries from insurance and through electric rates as of December 31, 2024 and 2023:

	December 31, 2024
(in millions)	2017/2018 Wildfire/Mudslide Events		Other Wildfire Events		Total
Long-term insurance receivables	$	—	$	434	$	434
FERC related balancing accounts	64		9		73
CPUC-WEMA	—		140		140
Total	$	64	$	583	$	647

	December 31, 2023
(in millions)	2017/2018 Wildfire/Mudslide Events		Other Wildfire Events		Total
Long-term insurance receivables	$	—	$	512	$	512
FERC related balancing accounts	37		14		51
CPUC-WEMA	—		140		140
Total	$	37	$	666	$	703