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Commitments and Contingencies (Tables)

9 Months Ended

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 liabilities1			$	34		$	29		$	35		$	98
Long term wildfire-related claims liabilities2			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 liabilities1			$	48		$	12					$	60
Long term wildfire-related claims liabilities2			378			563						941
Total balance at December 31, 2024			$	426		$	575					$	1,001

1At 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.

2At 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 Fire1			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 Fire2			Total
Wildfire-related claims			$	—		$	21		$	295		$	316
Expected recoveries from insurance and third parties1			—			(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 parties3			—			(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

1For 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.

2In 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.

3For 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 Events1			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

1Recoveries 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 Events1			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 Events1			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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- Definition

Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-3

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