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Schedule I - Condensed Financial Information of Parent (Tables)
12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Summary for Status of Credit Facilities
The following table summarizes the status of the credit facilities at December 31, 2020:
(in millions, except for rates)
Execution dateTermination dateLIBOR plus (bps)Use of proceedsCommitmentOutstanding borrowingsOutstanding letters of creditAmount available
Edison International Parent
June 2019May 2024128 
Support commercial paper borrowings and general corporate purposes 1, 4
$1,500 $130 $— $1370 
Total Edison International Parent:$1,500 $130 $— $1,370 
SCE
March 2020March 202165
Finance a portion of the AB 1054 Capital Expenditures 2
$800 $495 $— $305 
May 2020May 2021150Undercollections related to COVID-19 and general corporate purposes1,500 — — 1,500
June 2019May 2024108 
Support commercial paper borrowings and general corporate purposes 3, 4
3,000 725 159 2,116
Total SCE:$5,300 $1,220 $159 $3,921 
Total Edison International:$6,800 $1,350 $159 $5,291 
1At December 31, 2020 Edison International Parent had $130 million outstanding commercial paper, net of discount, at a weighted-average interest rate of 0.42%. At December 31, 2019 Edison International Parent did not have any outstanding commercial paper.
2This credit facility may be extended for two 364-day periods, at the lenders' discretion. The aggregate maximum principal amount may be increased up to $1.1 billion provided that additional lender commitments are obtained.
3At December 31, 2020 and December 31, 2019, SCE had $725 million and $550 million outstanding commercial paper, net of discount, at a weighted-average interest rate of 0.43% and 2.24%, respectively. As of December 31, 2020, $324 million outstanding commercial paper was classified as long-term debt due to subsequent refinancing. See "Debt Financing Subsequent to December 31, 2020" for more information.
4The 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.
The following table summarizes the status of the credit facility at December 31, 2020:
(in millions)
Commitment$1,500 
Outstanding borrowings 1
130 
Amount available$1,370 
1At December 31, 2020 Edison International Parent had $130 million outstanding commercial paper, net of discount, at a weighted-average interest rate of 0.42%. At December 31, 2019 Edison International Parent did not have any outstanding commercial paper.