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Debt and Credit Agreements | 6 Months Ended
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Jun. 30, 2024
Debt and Credit Agreements |
Debt and Credit Agreements | Note 5.Debt and Credit Agreements Long-Term Debt In the first six months of 2024, SCE issued the following first and refunding mortgage bonds:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Description | ​ | Month of Issuance | ​ | Rate |  | Maturity Date |  | Amount (in millions)
Series 2024A | ​ | January 2024 | ​ | 4.875% | ​ | 2027 | ​ | $ | 500
Series 2024B | ​ | January 2024 | ​ | 5.20% | ​ | 2034 | ​ | ​ | 900
Series 2024C | ​ | March 2024 | ​ | 5.35% | ​ | 2026 | ​ | ​ | 600
Series 2024D | ​ | March 2024 | ​ | 5.15% | ​ | 2029 | ​ | ​ | 600
Series 2024E | ​ | March 2024 | ​ | 5.75% | ​ | 2054 | ​ | ​ | 400
Series 2024F | ​ | May 2024 | ​ | 5.45% | ​ | 2031 | ​ | ​ | 750
​ The proceeds were used to fund and refinance debt for the payment of wildfire claims and related expenses above the amount of insurance proceeds, repay commercial borrowings, and for general corporate purposes. In June 2024, Edison International Parent issued $500 million of 5.45% senior notes due in 2029. The proceeds were used for general corporate purposes and to repay commercial paper borrowings. Credit Agreements and Short-Term Debt The following table summarizes the status of the credit facilities at June 30, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(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 | ​ | ​ | 1,506 | ​ | ​ | 9 | ​ | ​ | 1,835
Total Edison International | $ | 4,850 | ​ | $ | 1,506 | ​ | $ | 9 | ​ | $ | 3,335
1 | At June 30, 2024, Edison International Parent did no t have any outstanding commercial paper.
2 | At June 30, 2024, SCE had $1.5 billion outstanding commercial paper, net of discount, at a weighted-average interest rate of 5.64%.
3 | In May 2024, Edison International Parent and SCE amended their credit facilities to extend the maturity date to May 2028, with additional one-year extension options. 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 $625 million that is uncommitted and supported by reimbursement agreements. The SBLCs are not subject to any collateral or security requirements. At June 30, 2024, SCE had $104 million outstanding under these agreements, which expire between July 2024 and June 2025. The unused capacity under these agreements was $521 million.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I + Details
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