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Commitments and Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2024
2017/2018 Wildfire/Mudslide Events |
Commitments and Contingencies |
Schedule of Contingency Accruals and Changes | ​
​ | ​ | ​ | ​
(in millions) |  | ​ | ​
Balance at December 31, 20231 | ​ | $ | 715
Increase in accrued estimated losses | ​ |  | 490
Amounts paid | ​ |  | (536)
Balance at June 30, 20242 | ​ | $ | 669
1 | At December 31, 2023, $30 million in current liabilities, wildfire-related claims, on Edison International's and SCE's consolidated balance sheets consisted of $16 million of settlements executed and $14 million of short term payables under the SED Agreement in connection with the 2017/2018 Wildfire/Mudslide Events. At December 31, 2023, the $1,368 million included in deferred credits and other liabilities, wildfire-related claims, on Edison International's and SCE's consolidated balance sheets included Edison International's and SCE's best estimate of expected losses for remaining alleged and potential claims related to the 2017/2018 Wildfire/Mudslide Events of $637 million, $48 million of long term payables under the SED Agreement and estimated losses related to the Other Wildfires of $683 million.
2 | At June 30, 2024, $31 million in current liabilities, wildfire-related claims, on Edison International's and SCE's consolidated balance sheets consisted of $13 million of settlements executed in connection with the 2017/2018 Wildfire/Mudslide Events, $15 million of short term payables under the SED Agreement, and $3 million of settlements executed in connection with the Other Wildfires. At June 30, 2024, the $1,219 million included in deferred credits and other liabilities, wildfire-related claims, on Edison International's and SCE's consolidated balance sheets included Edison International's and SCE's best estimate of expected losses for remaining alleged and potential claims related to the 2017/2018 Wildfire/Mudslide Events of $598 million, $43 million of long term payables under the SED Agreement and estimated losses related to the Other Wildfires of $578 million.
For the three and six months ended June 30, 2024 and 2023, Edison International's and SCE's consolidated statements of income included charges for the estimated losses, net of expected recoveries from FERC customers, related to the 2017/2018 Wildfire/Mudslide Events claims as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, | ​ | Six months ended June 30,
(in millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Charge for wildfire-related claims | ​ | $ | — | ​ | $ | — | ​ | $ | 490 | ​ | $ | 90
Expected revenue from FERC customers | ​ |  | — | ​ | ​ | — | ​ |  | (27) | ​ |  | (6)
Total pre-tax charge | ​ |  | — | ​ |  | — | ​ |  | 463 | ​ |  | 84
Income tax benefit | ​ |  | — | ​ | ​ | — | ​ |  | (130) | ​ | ​ | (23)
Total after-tax charge | ​ | $ | — | ​ | $ | — | ​ | $ | 333 | ​ | $ | 61
Other Wildfires |
Commitments and Contingencies |
Schedule of Contingency Accruals and Changes | The following table presents changes in estimated losses since December 31, 2023:
​ | ​ | ​ | ​
(in millions) |  | ​ | ​
Balance at December 31, 2023 | ​ | $ | 683
Increase in accrued estimated losses | ​ |  | 180
Amounts paid | ​ |  | (282)
Balance at June 30, 2024 | ​ | $ | 581
For the three and six months ended June 30, 2024 and 2023, Edison International's and SCE's consolidated statements of income included charges for the estimated losses (established at the low end of the estimated range of reasonably possible losses), net of expected recoveries from insurance and customers, related to the Other Wildfires as follows, respectively:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, | ​ | Six months ended June 30,
(in millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Edison International: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Charge for wildfire-related claims | ​ | $ | — | ​ | $ | — | ​ | $ | 180 | ​ | $ | 6
Expected insurance recoveries1 | ​ |  | — | ​ | ​ | — | ​ |  | (55) | ​ |  | —
Expected revenue from CPUC and FERC customers | ​ |  | — | ​ | ​ | — | ​ |  | (7) | ​ |  | —
Total pre-tax charge | ​ |  | — | ​ |  | — | ​ |  | 118 | ​ |  | 6
Income tax benefit | ​ |  | — | ​ | ​ | — | ​ | ​ | (33) | ​ | ​ | (2)
Total after-tax charge | ​ | $ | — | ​ | $ | — | ​ | $ | 85 | ​ | $ | 4
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, | ​ | Six months ended June 30,
(in millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
SCE: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Charge for wildfire-related claims | ​ | $ | — | ​ | $ | — | ​ | $ | 180 | ​ | $ | 6
Expected insurance recoveries | ​ |  | — | ​ | ​ | — | ​ |  | (56) | ​ |  | —
Expected revenue from CPUC and FERC customers | ​ |  | — | ​ | ​ | — | ​ |  | (7) | ​ |  | —
Total pre-tax charge | ​ |  | — | ​ |  | — | ​ |  | 117 | ​ |  | 6
Income tax benefit | ​ |  | — | ​ | ​ | — | ​ | ​ | (33) | ​ | ​ | (2)
Total after-tax charge | ​ | $ | — | ​ | $ | — | ​ | $ | 84 | ​ | $ | 4
1 | In the first quarter of 2024, Edison Insurance Services, Inc. ("EIS"), a wholly-owned subsidiary of Edison International, incurred $1 million insurance expenses. This amount was included in the insurance recovery of SCE but was excluded from that of Edison International.

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