Interest and Other Income and Expenses

6 Months Ended

Jun. 30, 2014

Other Income and Expenses [Abstract]

Interest and Other Income and Expenses

Interest and Other Income and Other Expenses

Interest and other income and other expenses are as follows:

	Three months ended June 30,				Six months ended June 30,
(in millions)	2014		2013		2014		2013
SCE interest and other income:
FERC energy settlements	$	14	$	—	$	14	$	—
Equity allowance for funds used during construction	16		18		31		39
Increase in cash surrender value of life insurance policies and life insurance benefits	12		7		18		14
Interest income	3		4		5		6
Other	1		1		1		2
Total SCE interest and other income	46		30		69		61
Edison International Parent and Other other income	—		4		—		2
Total Edison International interest and other income	$	46	$	34	$	69	$	63
SCE other expenses:
Civic, political and related activities and donations	$	9	$	9	$	13	$	15
Other	6		5		10		6
Total SCE other expenses	15		14		23		21
Edison International Parent and Other other expenses	1		—		—		—
Total Edison International other expenses	$	16	$	14	$	23	$	21

SCE has participated in proceedings seeking recovery of refunds from sellers of electricity and natural gas who manipulated the electric and natural gas markets during the energy crisis in California in 2000 – 2001. SCE is authorized to refund to customers any refunds actually realized by SCE, net of litigation costs and amounts retained by SCE as a shareholder incentive pursuant to an established sharing arrangement. During the second quarter of 2014, four FERC-approved settlement agreements were finalized providing SCE with total refunds of $208 million of which $14 million is subject to the shareholder incentive.