Interest and Other Income and Other Expenses

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
(in millions)	2015		2014		2015		2014
SCE interest and other income:
Equity allowance for funds used during construction	$	21	$	17	$	63	$	45
Generator settlements	—		1		—		15
Increase in cash surrender value of life insurance policies and life insurance benefits	5		10		22		28
Interest income	1		1		4		6
Other	2		7		4		11
Total SCE interest and other income	29		36		93		105
Other income of Edison International Parent and Other	3		4		21		4
Total Edison International interest and other income	$	32	$	40	$	114	$	109
SCE other expenses:
Penalties	$	1	$	15	$	1	$	15
Civic, political and related activities and donations	8		8		21		22
Other	6		6		17		15
Total SCE other expenses	15		29		39		52
Other expense of Edison International Parent and Other	—		—		1		—
Total Edison International other expenses	$	15	$	29	$	40	$	52

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, FERC approved generator refund settlement agreements which resulted in total refunds to customers 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.

Edison International other income reflects Edison Capital's income related to the sale of affordable housing projects.