SOUTHERN CALIFORNIA EDISON Co
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
EIX$60.20+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Years ended December 31, 2023, 2022 and 2021
The following table is a summary of SCE's results of operations for the periods indicated:
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| · 2023 · 2022 · 2021 | ||||||||||||||||||||||
| · · · · Cost- · · · · · · · · Cost- · · · · · · · · Cost- · · · · | ||||||||||||||||||||||
| · Earning · · Recovery · · Total · · Earning · · Recovery · · Total · · Earning · · Recovery · · Total · | ||||||||||||||||||||||
| (in millions) · Activities · Activities · Consolidated · Activities · Activities · Consolidated · Activities · Activities · Consolidated | ||||||||||||||||||||||
| Operating revenue | $9,012 | | $7,263 | | $16,275 | | $9,008 | | $8,164 | | $17,172 | | $7,872 | | $7,002 | | $14,874 | | ||||
| Purchased power and fuel | — | | 5,486 | | 5,486 | | | — | | 6,375 | | 6,375 | | — | | 5,540 | | 5,540 | | |||
| Operation and maintenance | 2,311 | | 1,760 | | 4,071 | | | 2,793 | | 1,866 | | 4,659 | | 2,015 | | 1,573 | | 3,588 | | |||
| Wildfire-related claims, net of insurance recoveries | 665 | | — | | 665 | | | 1,305 | | — | | 1,305 | | 1,276 | | — | | 1,276 | | |||
| Wildfire Insurance Fund expense | 213 | | — | | 213 | | | 214 | | — | | 214 | | 215 | | — | | 215 | | |||
| Depreciation and amortization | 2,588 | | 45 | | 2,633 | | | 2,540 | | 19 | | 2,559 | | 2,209 | | 7 | | 2,216 | | |||
| Property and other taxes | 539 | | 27 | | 566 | | | 482 | | 15 | | 497 | | 462 | | — | | 462 | | |||
| Impairment, net of other operating income | (2) | | 3 | | 1 | | | 50 | | — | | 50 | | 67 | | — | | 67 | | |||
| Total operating expenses | 6,314 | | 7,321 | | 13,635 | | 7,384 | | 8,275 | | 15,659 | | | 6,244 | | 7,120 | | | 13,364 | | ||
| Operating income (loss) | 2,698 | | (58) | | 2,640 | | 1,624 | | (111) | | 1,513 | | | 1,628 | | (118) | | | 1,510 | | ||
| Interest expense | (1,312) | | | (44) | | (1,356) | | (977) | | (28) | | (1,005) | | | (785) | | (6) | | | (791) | | |
| Other income, net | 395 | | | 102 | | 497 | | 198 | | 139 | | 337 | | | 109 | | 124 | | | 233 | | |
| Income before income taxes | 1,781 | | — | | 1,781 | | 845 | | — | | 845 | | | 952 | | — | | | 952 | | ||
| Income tax expense (benefit) | 184 | | — | | 184 | | (109) | | — | | (109) | | | 17 | | — | | | 17 | | ||
| Net income | 1,597 | | — | | 1,597 | | 954 | | — | | 954 | | | 935 | | — | | | 935 | | ||
| Preference stock dividend requirements | 123 | | — | | 123 | | 107 | | — | | 107 | | | 106 | | — | | | 106 | | ||
| Net income available for common stock | $1,474 | | $— | | $1,474 | | $847 | | $— | | $847 | | $829 | | $— | | $829 | | ||||
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