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Preferred and Preference Stock of Utility
9 Months Ended
Sep. 30, 2015
Preferred And Preference Stock Of Utility Disclosure [Abstract]  
Preferred and Preference Stock of Utility
Preferred and Preference Stock of Utility
During the third quarter of 2015, SCE issued 130,004 shares of 5.375% Series J preference stock (cumulative, $2,500 liquidation value) to SCE Trust IV, a special purpose entity formed to issue trust securities as discussed in Note 3. The Series J preference stock may be redeemed at par, in whole, but not in part, at any time prior to September 15, 2025 if certain changes in tax or investment company laws occur. After September 15, 2025, SCE may redeem the Series J shares at par, in whole or in part and distributions will accrue and be payable at a floating rate. The shares are not subject to mandatory redemption. The proceeds were used to redeem $325 million of the Company's Series A preference stock and for general corporate purposes.