UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)
☑	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the fiscal year ended	December 31, 2019
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from                        to

Commission File Number	Exact Name of Registrant as specified in its charter	State or Other Jurisdiction of Incorporation or Organization	IRS Employer Identification Number
1-9936	EDISON INTERNATIONAL	California	95-4137452
1-2313	SOUTHERN CALIFORNIA EDISON COMPANY	California	95-1240335

EDISON INTERNATIONAL			SOUTHERN CALIFORNIA EDISON COMPANY
2244 Walnut Grove Avenue			2244 Walnut Grove Avenue
(P.O. Box 976)			(P.O. Box 800)
Rosemead,	California	91770	Rosemead,	California	91770
(Address of principal executive offices)			(Address of principal executive offices)
(626)	302-2222		(626)	302-1212
(Registrant's telephone number, including area code)			(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Edison International:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, no par value	EIX	NYSE	LLC

Southern California Edison Company:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Cumulative Preferred Stock, 4.08% Series	SCEpB	NYSE American LLC
Cumulative Preferred Stock, 4.24% Series	SCEpC	NYSE American LLC
Cumulative Preferred Stock, 4.32% Series	SCEpD	NYSE American LLC
Cumulative Preferred Stock, 4.78% Series	SCEpE	NYSE American LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Edison International        Yes ☑ No ☐    Southern California Edison Company        Yes ☑ No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.

Edison International        Yes ☐ No ☑    Southern California Edison Company        Yes ☐ No ☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Edison International        Yes ☑ No ☐    Southern California Edison Company        Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Edison International        Yes ☑ No ☐    Southern California Edison Company        Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-12 of the Exchange Act. (Check One):
Edison International	Large Accelerated Filer	Accelerated Filer	Non-accelerated Filer	Smaller Reporting Company	Emerging growth company
	☑	☐	☐	☐	☐
Southern California Edison Company	Large Accelerated Filer	Accelerated Filer	Non-accelerated Filer	Smaller Reporting Company	Emerging growth company
	☐	☐	☑	☐	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Edison International	☐	Southern California Edison Company	☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Edison International        Yes ☐ No ☑    Southern California Edison Company        Yes ☐ No ☑

Aggregate market value of voting and non-voting common equity held by non-affiliates of the registrants as of June 28, 2019, the last business day of the most recently completed second fiscal quarter:

Edison International    Approximately $22.0 billion    Southern California Edison Company    Wholly owned by Edison International

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:
Common Stock outstanding as of February 20, 2020:
Edison International	362,570,075	shares
Southern California Edison Company	434,888,104	shares (wholly owned by Edison International)

DOCUMENTS INCORPORATED BY REFERENCE

Designated portions of the Proxy Statement relating to registrants' joint 2020 Annual Meeting of Shareholders are incorporated by reference into Part III of this report.

TABLE OF CONTENTS

				SEC Form 10-K Reference Number
GLOSSARY			vi
FORWARD-LOOKING STATEMENTS			1
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS			3	Part II, Item 7
	MANAGEMENT OVERVIEW		3
	Highlights of Operating Results		3
	Wildfire Mitigation and Wildfire Insurance Expenses		5
	2018 General Rate Case		6
	2020 Cost of Capital Application		6
	2018 and 2019 FERC Formula Rate		6
	Southern California Wildfires and Mudslides		7
	2021 General Rate Case		10
	Electricity Industry Trends		11
	Capital Program		11
	RESULTS OF OPERATIONS		13
	Southern California Edison Company		13
		Impact of 2018 GRC	13
		Years ended December 31, 2019, 2018 and 2017	14
		Earning Activities	15
		Cost-Recovery Activities	15
		Supplemental Operating Revenue Information	16
		Income Taxes	16
	Edison International Parent and Other		16
		Loss from Continuing Operations	16
	LIQUIDITY AND CAPITAL RESOURCES		17
	Southern California Edison Company		17
		Available Liquidity	18
		Capital Investment Plan	18
		Decommissioning of San Onofre	20
		SCE Dividends	21
		Margin and Collateral Deposits	22
		Regulatory Balancing and Memorandum Accounts	23
	Edison International Parent and Other		23
		Net Operating Loss and Tax Credit Carryforwards	24
	Historical Cash Flows		24
		Southern California Edison Company	24
		Edison International Parent and Other	28
	Contractual Obligations and Contingencies		29
		Contractual Obligations	29
		Contingencies	30
	Off-Balance Sheet Arrangements		30
	Environmental Developments		30
	MARKET RISK EXPOSURES		30
	Interest Rate Risk		30
	Commodity Price Risk		30
	Credit Risk		31
	CRITICAL ACCOUNTING ESTIMATES AND POLICIES		31
	Rate Regulated Enterprises		31
	Accounting for Contingencies		32
	Income Taxes		33
	Nuclear Decommissioning – Asset Retirement Obligation		34
	Pensions and Postretirement Benefits Other than Pensions		35
	Contributions to the Wildfire Insurance Fund		37
	NEW ACCOUNTING GUIDANCE		37
RISK FACTORS			38	Part I, Item 1A
	RISKS RELATING TO EDISON INTERNATIONAL		38
	RISKS RELATING TO SOUTHERN CALIFORNIA EDISON COMPANY		38
	Regulatory and Legislative Risks		38
	Operating Risks		40
	Financing Risks		43
	Competitive and Market Risks		43
	Cybersecurity and Physical Security Risks		43
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK			44	Part II, Item 7A
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA			44	Part II, Item 8
	REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM		45
	CONSOLIDATED FINANCIAL STATEMENTS		50
	Consolidated Statements of Income for Edison International		50
	Consolidated Statements of Comprehensive Income for Edison International		51
	Consolidated Balance Sheets for Edison International		52
	Consolidated Statements of Cash Flows for Edison International		54
	Consolidated Statements of Changes in Equity for Edison International		55
	Consolidated Statements of Income for Southern California Edison Company		57
	Consolidated Statements of Comprehensive Income for Southern California Edison Company		57
	Consolidated Balance Sheets for Southern California Edison Company		58
	Consolidated Statements of Cash Flows for Southern California Edison Company		60
	Consolidated Statements of Changes in Equity for Southern California Edison Company		61
	NOTES TO CONSOLIDATED FINANCIAL STATEMENTS		62
	Note 1. Summary of Significant Accounting Policies		62
	Note 2. Property, Plant and Equipment		74
	Note 3. Variable Interest Entities		75
	Note 4. Fair Value Measurements		76
	Note 5. Debt and Credit Agreements		80
	Note 6. Derivative Instruments		81
	Note 7. Revenue		83
	Note 8. Income Taxes		84
	Note 9. Compensation and Benefit Plans		88
	Note 10. Investments		102
	Note 11. Regulatory Assets and Liabilities		103
	Note 12. Commitments and Contingencies		106
	Note 13. Leases		117
	Note 14. Equity		120
	Note 15. Accumulated Other Comprehensive Loss		121
	Note 16. Other Income		121
	Note 17. Supplemental Cash Flows Information		122
	Note 18. Related-Party Transactions		122
	Note 19. Quarterly Financial Data (Unaudited)		123
SELECTED FINANCIAL DATA			125	Part II, Item 6
CONTROLS AND PROCEDURES			126	Part II, Item 9A
OTHER INFORMATION			126	Part II, Item 9B
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE			126	Part II, Item 9
BUSINESS			127	Part I, Item 1
	CORPORATE STRUCTURE, INDUSTRY AND OTHER INFORMATION		127
	Subsidiaries of Edison International		127
	Regulation of Edison International as a Holding Company		128
	Employees and Labor Relations		128
	Insurance		128
	SOUTHERN CALIFORNIA EDISON COMPANY		128
	Regulation		128
	Overview of Ratemaking Process		129
	Purchased Power and Fuel Supply		131
	Competition		132
	Properties		133
	Seasonality		133
	ENVIRONMENTAL CONSIDERATIONS		134
	Greenhouse Gas Regulation		134
	Environmental Risks		135
UNRESOLVED STAFF COMMENTS			135	Part I, Item 1B
PROPERTIES			135	Part I, Item 2
LEGAL PROCEEDINGS			135	Part I, Item 3
	Thomas Fire and Koenigstein Fire Litigation		135
	Montecito Mudslides Litigation		136
	Woolsey Fire Litigation		136
MINE SAFETY DISCLOSURES			136	Part I, Item 4
INFORMATION ABOUT OUR EXECUTIVE OFFICERS			137	Part I
	EXECUTIVE OFFICERS OF EDISON INTERNATIONAL		137
	EXECUTIVE OFFICERS OF SOUTHERN CALIFORNIA EDISON COMPANY		138
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE			139	Part III, Item 10
EXECUTIVE COMPENSATION			139	Part III, Item 11
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS			139	Part III, Item 12
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE			140	Part III, Item 13
PRINCIPAL ACCOUNTANT FEES AND SERVICES			140	Part III, Item 14
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES			140	Part II, Item 5
	Comparison of Five-Year Cumulative Total Return		140
FORM 10-K SUMMARY			141	Part IV, Item 16
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES			141	Part IV, Item 15
	Exhibit Index		142
	Schedules Supplementing Financial Statements		145
SIGNATURES			152

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ii

iii

iv

This is a combined Form 10-K separately filed by Edison International and Southern California Edison Company. Information contained herein relating to an individual company is filed by such company on its own behalf. Each company makes representations only as to itself and makes no other representation whatsoever as to any other company.

v

GLOSSARY

The following terms and abbreviations appearing in the text of this report have the meanings indicated below.

2017/2018 Wildfire/Mudslide Events	the Thomas Fire, the Koenigstein Fire, the Montecito Mudslides and the Woolsey Fire, collectively
AB 1054	California Assembly Bill 1054, executed by the Governor of California on July 12, 2019
AB 1054 Liability Cap	If the insurance fund allowed under AB 1054 is established, and subject to certain other conditions, a cap on the aggregate requirement to reimburse the insurance fund over a trailing three calendar year period equal to 20% of the equity portion of the utility’s transmission and distribution rate base in the year of the prudency determination
ARO(s)	asset retirement obligation(s)
Bcf	billion cubic feet
BRRBA	Base Revenue Requirement Balancing Account
CAISO	California Independent System Operator
CAL FIRE	California Department of Forestry and Fire Protection
CCAs	Community Choice Aggregators which are cities, counties, and certain other public agencies with the authority to generate and/or purchase electricity for their local residents and businesses
CPUC	California Public Utilities Commission
CSRP	Customer Service Re-platform, a SCE project to implement a new customer service system
DERs	distributed energy resources
Edison Energy	Edison Energy, LLC, a wholly-owned subsidiary of Edison Energy Group that advises and provides energy solutions to large energy users
Edison Energy Group	Edison Energy Group, Inc., a wholly-owned subsidiary of Edison International, is a holding company for subsidiaries engaged in competitive businesses that provide energy services to commercial and industrial customers
EME	Edison Mission Energy
Electric Service Provider	an entity that offers electric power and ancillary services to retail customers, other than electrical corporations (like SCE) and CCAs
ERRA	Energy Resource Recovery Account
FERC	Federal Energy Regulatory Commission
FERC 2018 Settlement Period	January 1, 2018 through November 11, 2019
FHPMA	Fire Hazard Prevention Memorandum Account
Fitch	Fitch Ratings, I