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Midas Edge

EDISON INTERNATIONAL

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

EIX$59.37-2.5%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

Reference Number
GLOSSARY · v
FORWARD-LOOKING STATEMENTS1
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS3Part II, Item 7
MANAGEMENT OVERVIEW3
Highlights of Operating Results3
Electricity Industry Trends5
2025 General Rate Case6
Cost of Capital7
Capital Program7
Southern California Wildfires and Mudslides8
RESULTS OF OPERATIONS11
Southern California Edison Company11
Years ended December 31, 2024, 2023 and 202212
2024 vs 202312
2023 vs 202214
Edison International Parent and Other15
Loss from Operations15
LIQUIDITY AND CAPITAL RESOURCES16
Southern California Edison Company16
Available Liquidity16
Regulatory Proceedings17
Capital Investment Plan18
Decommissioning of San Onofre20
Margin and Collateral Deposits21
Edison International Parent and Other21
Edison International Income Taxes22
Historical Cash Flows23
Southern California Edison Company23
Edison International Parent and Other25
Contractual Obligations and Contingencies26
Contractual Obligations26
Contingencies26
Off-Balance Sheet Arrangements26
MARKET RISK EXPOSURES26
Interest Rate Risk26
Commodity Price Risk27
Investment Price Risk27
Credit Risk28
CRITICAL ACCOUNTING ESTIMATES AND POLICIES28
Accounting for Contingencies28
Rate Regulated Enterprises29
Income Taxes30

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Nuclear Decommissioning – Asset Retirement Obligation31
Pensions and Postretirement Benefits Other than Pensions32
Contributions to the Wildfire Insurance Fund33
NEW ACCOUNTING GUIDANCE34
RISK FACTORS34Part I, Item 1A
RISKS RELATING TO EDISON INTERNATIONAL34
RISKS RELATING TO SOUTHERN CALIFORNIA EDISON COMPANY35
Regulatory and Legislative Risks35
Operating Risks36
Financing Risks40
Competitive and Market Risks40
RISKS RELATING TO EDISON INTERNATIONAL AND SOUTHERN CALIFORNIA EDISON COMPANY41
Cybersecurity and Physical Security Risks41
Global and Regional Risks42
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK42Part II, Item 7A
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA42Part II, Item 8
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PCAOB ID 238)43
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PCAOB ID 238)43
CONSOLIDATED FINANCIAL STATEMENTS49
Consolidated Statements of Income for Edison International49
Consolidated Statements of Comprehensive Income for Edison International50
Consolidated Balance Sheets for Edison International51
Consolidated Statements of Cash Flows for Edison International53
Consolidated Statements of Changes in Equity for Edison International54
Consolidated Statements of Income for Southern California Edison Company56
Consolidated Statements of Comprehensive Income for Southern California Edison Company56
Consolidated Balance Sheets for Southern California Edison Company57
Consolidated Statements of Cash Flows for Southern California Edison Company59
Consolidated Statements of Changes in Equity for Southern California Edison Company60
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS61
Note 1. Summary of Significant Accounting Policies61
Note 2. Property, Plant and Equipment71
Note 3. Variable Interest Entities72
Note 4. Fair Value Measurements73
Note 5. Debt and Credit Agreements76
Note 6. Derivative Instruments77
Note 7. Revenue79
Note 8. Income Taxes79
Note 9. Compensation and Benefit Plans83
Note 10. Investments96

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Note 11. Regulatory Assets and Liabilities96
Note 12. Commitments and Contingencies100
Note 13. Leases111
Note 14. Equity113
Note 15. Accumulated Other Comprehensive Loss116
Note 16. Other Income, Net116
Note 17. Supplemental Cash Flows Information117
Note 18. Related-Party Transactions117
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE118Part II, Item 9
CONTROLS AND PROCEDURES118Part II, Item 9A
BUSINESS119Part I, Item 1
CORPORATE STRUCTURE, INDUSTRY AND OTHER INFORMATION119
Subsidiaries of Edison International119
Regulation of Edison International as a Holding Company119
Human Capital120
Insurance122
SOUTHERN CALIFORNIA EDISON COMPANY122
Regulation122
Overview of Ratemaking Process124
Purchased Power and Fuel Supply126
Competition127
Properties129
Seasonality129
SOUTHERN CALIFORNIA WILDFIRES129
Recovery of Wildfire-Related Costs130
Safety Certification and Wildfire Mitigation Plan131
Public Safety Power Shutoffs131
ENVIRONMENTAL CONSIDERATIONS132
Greenhouse Gas Regulation132
Environmental Risks133
UNRESOLVED STAFF COMMENTS133Part I, Item 1B
CYBERSECURITY133Part I, Item 1C
PROPERTIES134Part I, Item 2
LEGAL PROCEEDINGS134Part I, Item 3
2017/2018 Wildfire/Mudslide Events134
Environmental Proceedings135
MINE SAFETY DISCLOSURES136Part I, Item 4
CERTAIN INFORMATION ABOUT EDISON INTERNATIONAL136
INFORMATION ABOUT OUR EXECUTIVE OFFICERS136Part I
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE137Part III, Item 10
EXECUTIVE COMPENSATION138Part III, Item 11
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS138Part III, Item 12
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE138Part III, Item 13

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PRINCIPAL ACCOUNTANT FEES AND SERVICES138Part III, Item 14
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES140Part II, Item 5
Edison International140
Southern California Edison Company140
Purchases of Equity Securities by Edison International and Affiliated Purchasers140
Comparison of Five-Year Cumulative Total Return141
OTHER INFORMATION141Part II, Item 9BPart II, Item 6
Insider Trading Arrangements141
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS141Part II, Item 9C
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES142Part IV, Item 15
EXHIBIT INDEX143
SCHEDULES SUPPLEMENTING FINANCIAL STATEMENTS149
SIGNATURES154

This combined Form 10-K is separately filed by Edison International and SCE. Information contained in this document relating to SCE is filed by Edison International and separately by SCE. SCE makes no representation as to information relating to Edison International or its subsidiaries, except as it may relate to SCE and its subsidiaries.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.