Regulatory Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2025

Regulatory Assets and Liabilities Disclosure [Abstract]

Regulatory Assets

SCE's regulatory assets included on the condensed consolidated balance sheets are:


(in millions)	June 30, 2025		December 31, 2024
Current:
Regulatory balancing and memorandum accounts	$	2,770	$	2,723
Other	35		25
Total current	2,805		2,748
Long-term:
Deferred income taxes	6,238		5,982
Unamortized investments, net of accumulated amortization	120		115
Unamortized losses on reacquired debt	83		88
Regulatory balancing and memorandum accounts	2,249		867
Environmental remediation	218		222
Recovery assets	1,488		1,512
Other	91		100
Total long-term	10,487		8,886
Total regulatory assets	$	13,292	$	11,634

Schedule of Regulatory Liabilities

Regulatory Liabilities

SCE's regulatory liabilities included on the condensed consolidated balance sheets are:


(in millions)	June 30, 2025		December 31, 2024
Current:
Regulatory balancing and memorandum accounts	$	283	$	1,144
Energy derivatives	177		165
Other	30		38
Total current	490		1,347
Long-term:
Costs of removal	2,623		2,520
Deferred income taxes	2,138		2,163
Recoveries in excess of ARO liabilities	1,823		1,748
Regulatory balancing and memorandum accounts	2,760		2,023
Pension and other postretirement benefits	1,702		1,690
Other	20		15
Total long-term	11,066		10,159
Total regulatory liabilities	$	11,556	$	11,506

Schedule of Net Regulatory Balancing and Memorandum Accounts

The following table summarizes the significant components of regulatory balancing and memorandum accounts included in the above tables of regulatory assets and liabilities:


(in millions)	June 30, 2025		December 31, 2024
Asset (liability)
Energy procurement related costs	$	207	$	(97)
Public purpose and energy efficiency	(2,074)		(1,708)
GRC related balancing accounts	1,342		976
FERC related balancing accounts	107		125
Wildfire risk mitigation and insurance	225		741
TKM Settlement cost recovery1	1,586		—
Wildfire and drought restoration	289		238
Tax accounting memorandum account	(108)		(40)
Other	402		188
Assets, net of liabilities	$	1,976	$	423

1 Cost recoveries authorized under the TKM Settlement Agreement. See Note 12 for more information.