Interest and Other Income and Other Expenses

6 Months Ended

Jun. 30, 2015

Other Income and Expenses [Abstract]

Interest and Other Income and Other 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)	2015		2014		2015		2014
SCE interest and other income:
Equity allowance for funds used during construction	$	21	$	15	$	42	$	28
Generator settlements	—		14		—		14
Increase in cash surrender value of life insurance policies and life insurance benefits	7		12		17		18
Interest income	2		3		3		5
Other	1		2		2		4
Total SCE interest and other income	31		46		64		69
Other income of Edison International Parent and Other	12		—		18		—
Total Edison International interest and other income	$	43	$	46	$	82	$	69
SCE other expenses:
Civic, political and related activities and donations	$	9	$	9	$	14	$	13
Other	8		6		10		10
Total SCE other expenses	17		15		24		23
Other expense of Edison International Parent and Other	—		1		—		—
Total Edison International other expenses	$	17	$	16	$	24	$	23

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 – 2011. 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, FERC approved generator refund settlement agreements which resulted in total refunds to customers of $208 million of which $14 million is subject to the shareholder incentive.

Edison Capital continues to wind down its remaining affordable housing investments. Edison International other income reflects Edison Capital's income related to the sale of affordable housing projects.