Debt and Credit Agreements

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Debt and Credit Agreements

Note 5.  Debt and Credit Agreements

Long-Term Debt

During the three months ended March 31, 2025, SCE issued the following first and refunding mortgage bonds:

Description	Month of Issuance	Rate	Maturity Date	Amount (in millions)
Series 2025A	January 2025	5.45%	2035	$	850
Series 2025B	January 2025	5.90%	2055	650
Series 2025C	March 2025	5.25%	2030	850
Series 2025D	March 2025	6.20%	2055	650
Total				$	3,000

The proceeds were used to repay commercial paper borrowings and for other general corporate purposes.

In March 2025, Edison International Parent issued $550 million of 6.25% senior notes due in 2030. The proceeds were used to repay commercial paper and for general corporate purposes.

Credit Agreements and Short-Term Debt

The following table summarizes the status of the credit facilities at March 31, 2025:

(in millions, except for rates)
Borrower	Termination Date	Secured Overnight Financing Rate ("SOFR") plus (bps)	Commitment		Outstanding borrowings		Outstanding letters of credit		Amount available
Edison International Parent1, 3	May 2028	128	$	1,500	$	—	$	—	$	1,500
SCE2, 3	May 2028	108	3,350		5		2		3,343
Total Edison International			$	4,850	$	5	$	2	$	4,843

1At March 31, 2025, Edison International Parent did not have outstanding commercial paper.

2At March 31, 2025, SCE had $5 million outstanding commercial paper at a weighted-average interest rate of 4.85%.

3The credit facilities have an additional one-year extension option. The aggregate maximum principal amount under the SCE and Edison International Parent revolving credit facilities may be increased up to $4.0 billion and $2.0 billion, respectively, provided that additional lender commitments are obtained.

Uncommitted Letters of Credit

SCE entered into agreements with certain lenders for bilateral unsecured standby letters of credit ("SBLC") with a total capacity of $675 million that is uncommitted and supported by reimbursement agreements. The SBLCs are not subject to any collateral or security requirements. At March 31, 2025, SCE had $128 million outstanding under these agreements, which expire between June 2025 and April 2026. The unused capacity under these agreements was $547 million.