v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Contingency Accruals and Changes
The following table presents settlements paid:
(in millions)
Inception to June 30, 2025
Three months ended June 30, 2025Six months ended June 30, 2025
2017/2018 Wildfire/Mudslide Events$9,612 $59 $158 
Other Wildfire Events691 62 127 
Total $10,303 $121 $285 
The following table presents changes in estimated losses since December 31, 2024:
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotal
Balance at December 31, 2024$426 $575 $1,001 
Increase in accrued estimated losses— 21 21 
Amounts paid(158)(127)(285)
Balance at June 30, 2025
$268 $469 $737 
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 EventsOther Wildfire EventsTotal
Current portion of Wildfire-related claims liabilities1
$36 $133 $169 
Long term wildfire-related claims liabilities2
232 336 568 
Total Balance at June 30, 2025
$268 $469 $737 
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotal
Current portion of Wildfire-related claims liabilities1
$48 $12 $60 
Long term wildfire-related claims liabilities2
378563941
Total Balance at December 31, 2024
$426 $575 $1,001 
1At June 30, 2025, current liabilities related to 2017/2018 Wildfire/Mudslide Events consisted of $17 million of settlements executed and $19 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 June 30, 2025, long-term wildfire-related claims related to 2017/2018 Wildfire/Mudslide Events consisted of $30 million of long-term payables under the SED Agreement and $202 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 $340 million of estimate of expected losses for remaining alleged and potential claims.
For the six months ended June 30, 2025 and 2024, SCE's condensed consolidated statements of income included wildfire-related claims, net of expected recoveries as follows:
Six months ended June 30, 2025
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotal
Wildfire-related claims$— $21 $21 
Expected recoveries from insurance and third parties1
— (82)(82)
Expected (recoveries from)/refund to CPUC customers(1,341)44 (1,297)
Expected refund to FERC customers— 
Total pre-tax gain(1,341)(14)(1,355)
Income tax expense375 379 
Total after-tax gain$(966)$(10)$(976)
Six months ended June 30, 2024
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotal
Wildfire-related claims$490 $180 $670 
Expected recoveries from insurance and third parties2
— (56)(56)
Expected revenue from FERC customers(27)(7)(34)
Total pre-tax charge463 117 580 
Income tax benefit(130)(33)(163)
Total after-tax charge$333 $84 $417 
1For the six months ended June 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.
2For the six months ended June 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 June 30, 2025:
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotal
Recoveries from insurance and third parties$2,000 $800 $2,800 
FERC recoveries440 22 462 
CPUC- RMBA recoveries— 12 12 
CPUC-WEMA deferral1,341 96 1,437 
Total $3,781 $930 $4,711 
The following tables summarize expected recoveries from insurance and third parties, and through electric rates as of June 30, 2025 and December 31, 2024:
June 30, 2025
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotal
Long-term receivables from insurance and third parties$— $380 $380 
FERC related balancing accounts46 22 68 
CPUC-WEMA1,341 96 1,437 
Total $1,387 $498 $1,885 
December 31, 2024
(in millions)2017/2018 Wildfire/Mudslide EventsOther Wildfire EventsTotal
Long-term receivables from insurance and third parties$— $434 $434 
FERC related balancing accounts64 73 
CPUC-WEMA— 140 140 
Total $64 $583 $647