Interest and Other Income and Other Expenses

9 Months Ended

Sep. 30, 2014

Other Income and Expenses [Abstract]

Interest and Other Income and Other Expenses

Interest and other income and other expenses are as follows:



	Three months ended September 30,				Nine months ended September 30,
(in millions)	2014		2013		2014		2013
SCE interest and other income:
FERC energy settlements	$	1	$	—	$	15	$	—
Equity allowance for funds used during construction	19		14		50		54
Increase in cash surrender value of life insurance policies and life insurance benefits	10		10		28		24
Interest income	1		2		6		8
Other	5		1		6		3
Total SCE interest and other income	36		27		105		89
Edison International Parent and Other other income	4		1		4		2
Total Edison International interest and other income	$	40	$	28	$	109	$	91
SCE other expenses:
Penalties	$	15	$	—	$	15	$	—
Civic, political and related activities and donations	8		9		22		24
Other	6		6		15		14
Total SCE other expenses	29		15		52		38
Edison International Parent and Other other expenses	—		—		—		—
Total Edison International other expenses	$	29	$	15	$	52	$	38

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 nine months ended September 30, 2014, eight FERC-approved settlement agreements were finalized providing SCE with total refunds of $216 million of which $15 million is subject to the shareholder incentive.

In August 2014, the CPUC approved two settlement agreements between SCE and the SED related to 2011 events in San Bernardino and San Gabriel, California. The settlement agreements resulted in SCE paying a $15 million penalty to the State General Fund. See Note 12 for further details.