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Commitments and Contingencies (Tables) | 9 Months Ended
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Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Contingency Accruals and Changes | The following table presents settlements paid:
(in millions) | Inception to September 30, 2025 | Three months ended September 30, 2025 | Nine months ended September 30, 2025 |
2017/2018 Wildfire/Mudslide Events | $ | 9,662 |  | $ | 50 |  | $ | 208 |  |
Other Wildfire Events | 899 |  | 208 |  | 335 |  |
Eaton Fire | 225 |  | 225 |  | 225 |  |
Total | $ | 10,786 |  | $ | 483 |  | $ | 768 |  |
The following table presents changes in estimated losses since December 31, 2024:
(in millions) | 2017/2018 Wildfire/Mudslide Events | Other Wildfire Events | Eaton Fire | Total
Balance at December 31, 2024 | $ | 426 |  | $ | 575 |  | $ | — |  | $ | 1,001 |
Increase in accrued estimated losses | — |  | 21 |  | 300 |  | 321 |
Amounts paid | (208) |  | (335) |  | (225) |  | (768) |
Balance at September 30, 2025 | $ | 218 |  | $ | 261 |  | $ | 75 |  | $ | 554 |
Edison International's and SCE's condensed consolidated balance sheets included fixed payments to be made under executed settlement agreements and accrued estimated losses presented in the tables below:
(in millions) | 2017/2018 Wildfire/Mudslide Events | Other Wildfire Events | Eaton Fire | Total |
Current portion of wildfire-related claims liabilities 1 | $ | 34 |  | $ | 29 |  | $ | 35 |  | $ | 98 |  |
Long term wildfire-related claims liabilities 2 | 184 |  | 232 |  | 40 |  | 456 |  |
Total balance at September 30, 2025 | $ | 218 |  | $ | 261 |  | $ | 75 |  | $ | 554 |  |
(in millions) | 2017/2018 Wildfire/Mudslide Events | Other Wildfire Events |  | Total
Current portion of wildfire-related claims liabilities 1 | $ | 48 |  | $ | 12 |  |  | $ | 60 |
Long term wildfire-related claims liabilities 2 | 378 | 563 |  | 941
Total balance at December 31, 2024 | $ | 426 |  | $ | 575 |  |  | $ | 1,001 |
1 At September 30, 2025, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $14 million of settlements executed and $20 million of short-term payables under the SED Agreement. At December 31, 2024, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $29 million of settlements executed and $19 million of short-term payables under the SED Agreement. 2 At September 30, 2025, long-term wildfire-related claims related to 2017/2018 Wildfire/Mudslide Events consisted of $27 million of long-term payables under the SED Agreement and $157 million of estimate of expected losses for remaining alleged and potential claims. At December 31, 2024, long-term wildfire-related claims related to 2017/2018 Wildfire/Mudslide Events consisted of $38 million of long-term payables under the SED Agreement and $340 million of estimate of expected losses for remaining alleged and potential claims. For the three months ended September 30, 2025, SCE's condensed consolidated statements of income included wildfire-related claims, net of expected recoveries as follows:
| Three months ended September 30, 2025
(in millions) | 2017/2018 Wildfire/Mudslide Events | Other Wildfire Events | Eaton Fire 1 | Total
Wildfire-related claims | $ | — |  | $ | — |  | $ | 295 |  | $ | 295 |
Customer-funded wildfire self-insurance | — |  | — |  | (279) |  | (279) |
Expected recoveries from FERC customers | — |  | — |  | (16) |  | (16) |
Total pre-tax gain | — |  | — |  | — |  | — |
Income tax expense | — |  | — |  | — |  | — |
Total after-tax gain | $ | — |  | $ | — |  | $ | — |  | $ | — |
1 In the third quarter of 2025, SCE recorded $300 million in losses related to the Eaton Subrogation Settlement, including accrued estimated losses. Of these accrued estimated losses, $5 million was deferred as a FERC regulatory asset, eligible to be included in FERC rates when the losses are paid. As a result, wildfire-related claims reported on SCE's condensed consolidated statements of income was $295 million for the three months ended September 30, 2025. For the nine months ended September 30, 2025 and 2024, SCE's condensed consolidated statements of income included wildfire-related claims, net of expected recoveries as follows:
| Nine months ended September 30, 2025
(in millions) | 2017/2018 Wildfire/Mudslide Events | Other Wildfire Events | Eaton Fire 2 | Total
Wildfire-related claims | $ | — |  | $ | 21 |  | $ | 295 |  | $ | 316 |
Expected recoveries from insurance and third parties 1 | — |  | (82) |  | — |  | (82) |
Customer-funded wildfire self-insurance | — |  | — |  | (279) |  | (279) |
Expected (recoveries from)/refund to CPUC customers | (1,341) |  | 44 |  | — |  | (1,297) |
Expected (recoveries from)/refund to FERC customers | — |  | 3 |  | (16) |  | (13) |
Total pre-tax gain | (1,341) |  | (14) |  | — |  | (1,355) |
Income tax expense | 375 |  | 4 |  | — |  | 379 |
Total after-tax gain | $ | (966) |  | $ | (10) |  | $ | — |  | $ | (976) |
| Nine months ended September 30, 2024
(in millions) | 2017/2018 Wildfire/Mudslide Events | Other Wildfire Events | Total
Wildfire-related claims | $ | 490 |  | $ | 184 |  | $ | 674 |
Expected recoveries from insurance and third parties 3 | — |  | (60) |  | (60) |
Expected revenue from FERC customers | (27) |  | (7) |  | (34) |
Total pre-tax charge | 463 |  | 117 |  | 580 |
Income tax benefit | (130) |  | (33) |  | (163) |
Total after-tax charge | $ | 333 |  | $ | 84 |  | $ | 417 |
1 For the nine months ended September 30, 2025, EIS, a wholly-owned subsidiary of Edison International, incurred $50 million insurance expense, which consisted of $47 million of wildfire claims and $3 million of related legal costs. Wildfire claims were included in the insurance recoveries of SCE, offset by reduction in expected recovery from CPUC and FERC customers, and was excluded from insurance recoveries of Edison International. 2 In the third quarter of 2025, SCE recorded $300 million in losses related to the Eaton Subrogation Settlement, including accrued estimated losses. Of these accrued estimated losses, $5 million was deferred as a FERC regulatory asset, eligible to be included in FERC rates when the losses are paid. As a result, wildfire-related claims reported on SCE's condensed consolidated statements of income was $295 million for the nine months ended September 30, 2025. 3 For the nine months ended September 30, 2024, EIS incurred $1 million insurance expense. This amount was included in the insurance recoveries of SCE but were excluded from those of Edison International. The following table sets forth SCE's total recoveries received since inception and expected to receive as of September 30, 2025:
(in millions) | 2017/2018 Wildfire/Mudslide Events 1 | Other Wildfire Events | Eaton Fire | Total
Recoveries from insurance and third parties | $ | 2,000 |  | $ | 800 |  | $ | — |  | $ | 2,800 |
Customer-funded wildfire self-insurance | — |  | — |  | 279 |  | 279 |
FERC recoveries | 440 |  | 22 |  | 21 |  | 483 |
CPUC-RMBA recoveries | — |  | 12 |  | — |  | 12 |
CPUC-WEMA deferral | 1,341 |  | 96 |  | — |  | 1,437 |
Total | $ | 3,781 |  | $ | 930 |  | $ | 300 |  | $ | 5,011 |
1 Recoveries related to the 2017/2018 Wildfire/Mudslide Events only includes TKM, because the Woolsey Settlement Agreement has not been approved by the CPUC. The following tables summarize expected recoveries from insurance and third parties, and through electric rates as of September 30, 2025 and December 31, 2024:
| September 30, 2025
(in millions) | 2017/2018 Wildfire/Mudslide Events 1 | Other Wildfire Events | Eaton Fire | Total
Short-term receivables from customer-funded wildfire self-insurance | $ | — |  | $ | — |  | $ | 279 |  | $ | 279 |
Long-term receivables from insurance and third parties | — |  | 319 |  | — |  | 319 |
FERC related balancing accounts | 37 |  | 20 |  | 21 |  | 78 |
CPUC-WEMA | 1,341 |  | 96 |  | — |  | 1,437 |
Total | $ | 1,378 |  | $ | 435 |  | $ | 300 |  | $ | 2,113 |
| December 31, 2024 |
(in millions) | 2017/2018 Wildfire/Mudslide Events 1 | Other Wildfire Events | Total |
Long-term receivables from insurance and third parties | $ | — |  | $ | 434 |  | $ | 434 |  |
FERC related balancing accounts | 64 |  | 9 |  | 73 |  |
CPUC-WEMA | — |  | 140 |  | 140 |  |
Total | $ | 64 |  | $ | 583 |  | $ | 647 |  |
1Recoveries related to the 2017/2018 Wildfire/Mudslide Events only includes TKM, because the Woolsey Settlement Agreement has not been approved by the CPUC.

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