XML 31 R18.htm IDEA: XBRL DOCUMENT v3.25.3
Debt and Credit Agreements
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Debt and Credit Agreements Debt and Credit Agreements
Long-Term Debt
During the nine months ended September 30, 2025, SCE issued the following first and refunding mortgage bonds:
DescriptionMonth of IssuanceRateMaturity DateAmount
(in millions)
Series 2025AJanuary 20255.45%2035$850 
Series 2025BJanuary 20255.90%2055650 
Series 2025CMarch 20255.25%2030850 
Series 2025DMarch 20256.20%2055650 
Total$3,000 
The proceeds were used to repay commercial paper borrowings and for general corporate purposes.
In March 2025, Edison International Parent issued $550 million of 6.25% senior notes due in 2030. The proceeds were used to repay commercial paper and for general corporate purposes.
Credit Agreements and Short-Term Debt
The following table summarizes the status of the credit facilities at September 30, 2025:
(in millions, except for rates)
BorrowerTermination DateSecured Overnight Financing Rate ("SOFR") Plus (bps)CommitmentOutstanding BorrowingsOutstanding Letters of CreditAmount Available
Edison International Parent1, 3
May 2029128 $1,500 $662 $— $838 
SCE2, 3
May 2029108 3,350 1,227 2,121 
Total Edison International$4,850 $1,889 $$2,959 
1At September 30, 2025, Edison International Parent had $660 million outstanding commercial paper, net of a $2 million discount, at a weighted-average interest rate of 4.63%.
2At September 30, 2025, SCE had $1.2 billion outstanding commercial paper, net of a $8 million discount, at a weighted-average interest rate of 4.81%.
3The 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. In May 2025, Edison International Parent and SCE amended their credit facilities to extend the maturity date to May 2029.
Uncommitted Letters of Credit
SCE entered into agreements with certain lenders for bilateral unsecured standby letters of credit ("SBLC") with a total capacity of $660 million that is uncommitted and supported by reimbursement agreements. The SBLCs are not subject to any collateral or security requirements. At September 30, 2025, SCE had $193 million outstanding under these agreements, which expire between October 2025 and November 2026.