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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 1,117 $ 1,721 $ 1,015
Income (loss) from discontinued operations, net of tax 35 185 36
Income from continuing operations 1,082 [1] 1,536 [2] 979
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation, decommissioning and amortization 2,005 1,815 1,696
Allowance for equity during construction (87) (65) (72)
Impairment and other charges 5 157 571
Deferred income taxes and investment tax credits 449 522 345
Other (28) 20 18
Nuclear decommissioning trusts (428) 39 76
EME settlement insurance proceeds and settlement payments (176) (225) 0
Changes in operating assets and liabilities:      
Receivables 49 64 (56)
Inventory 14 (25) 80
Accounts payable 8 14 45
Prepaid and accrued taxes (28) (100) (92)
Other current assets and liabilities (24) (103) (155)
Derivative assets and liabilities, net 45 (40) (30)
Regulatory assets and liabilities, net 1,729 (358) (322)
Other noncurrent assets and liabilities (106) (3) (116)
Net cash provided by operating activities 4,509 3,248 2,967
Cash flows from financing activities:      
Long-term debt issued or remarketed, net of discount and issuance costs 1,420 494 2,168
Long-term debt matured or repurchased (762) (607) (1,017)
Preference stock issued, net 319 269 387
Preference stock redeemed (325) 0 (400)
Short-term debt financing, net (572) 1,079 32
Cash contribution from redeemable noncontrolling interest 17 9 0
Dividends to noncontrolling interests (116) (111) (101)
Dividends paid (544) (463) (440)
Other (25) (25) (48)
Net cash (used in) provided by financing activities (588) 645 581
Cash flows from investing activities:      
Capital expenditures (4,225) (3,906) (3,599)
Proceeds from sale of nuclear decommissioning trust investments 3,506 2,617 1,204
Purchases of nuclear decommissioning trust investments (3,132) (2,661) (1,302)
Proceeds from sale of assets 47 6 181
Other (88) 37 (56)
Net cash used in investing activities (3,892) (3,907) (3,572)
Net increase (decrease) in cash and cash equivalents 29 (14) (24)
Cash and cash equivalents, beginning of year 132 146 170
Cash and cash equivalents, end of year 161 132 146
Southern California Edison      
Cash flows from operating activities:      
Net income 1,111 [3] 1,565 [4] 1,000
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation, decommissioning and amortization 1,996 1,810 1,694
Allowance for equity during construction (87) (65) (72)
Impairment and other charges 0 163 575
Deferred income taxes and investment tax credits 308 462 420
Other 14 11 14
Nuclear decommissioning trusts (428) 39 76
Changes in operating assets and liabilities:      
Receivables 25 64 (57)
Inventory 19 (19) 80
Accounts payable 30 12 59
Prepaid and accrued taxes (16) 129 (93)
Other current assets and liabilities (42) (107) (171)
Derivative assets and liabilities, net 45 (40) (30)
Regulatory assets and liabilities, net 1,729 (358) (322)
Other noncurrent assets and liabilities (80) (6) (125)
Net cash provided by operating activities 4,624 3,660 3,048
Cash flows from financing activities:      
Long-term debt issued or remarketed, net of discount and issuance costs 1,413 498 2,168
Long-term debt matured or repurchased (761) (607) (1,016)
Preference stock issued, net 319 269 387
Preference stock redeemed (325) 0 (400)
Short-term debt financing, net (619) 490 (1)
Dividends paid (874) (489) (587)
Other 35 20 (43)
Net cash (used in) provided by financing activities (812) 181 508
Cash flows from investing activities:      
Capital expenditures (4,210) (3,857) (3,598)
Proceeds from sale of nuclear decommissioning trust investments 3,506 2,617 1,204
Purchases of nuclear decommissioning trust investments (3,132) (2,661) (1,302)
Proceeds from sale of assets 0 4 181
Other 12 40 (32)
Net cash used in investing activities (3,824) (3,857) (3,547)
Net increase (decrease) in cash and cash equivalents (12) (16) 9
Cash and cash equivalents, beginning of year 38 54 45
Cash and cash equivalents, end of year $ 26 $ 38 $ 54
[1] In the fourth quarter of 2015, as result of the 2015 GRC Decision, SCE recorded a $382 million write-down of regulatory assets previously recorded for recovery of deferred income taxes from 2012 – 2014 incremental tax repair deductions. 2014(in millions, except per-share amounts)Total Fourth Third Second FirstOperating revenue$13,413 $3,114 $4,356 $3,016 $2,926Operating income 2,472 693 874 575 331Income from continuing operations11,536 406 524 382 224Income (loss) from discontinued operations, net185 39 (16) 184 (22)Net income attributable to common shareholders1,612 420 480 536 176Basic earnings (loss) per share: Continuing operations$4.38 $1.17 $1.52 $1.08 $0.61 Discontinued operations0.57 0.12 (0.05) 0.56 (0.07)Total$4.95 $1.29 $1.47 $1.64 $0.54Diluted earnings (loss) per share: Continuing operations$4.33 $1.15 $1.51 $1.07 $0.61 Discontinued operations0.56 0.12 (0.05) 0.56 (0.07)Total$4.89 $1.27 $1.46 $1.63 $0.54Dividends declared per share1.4825 0.4175 0.3550 0.3550 0.3550Common stock prices: High68.74 68.74 59.54 58.24 56.61Low44.74 55.88 54.12 53.63 44.74Close65.48 65.48 55.92 58.11 56.61
[2] During the first quarter of 2014, SCE recorded an impairment charge of $231 million ($96 million after-tax) in 2014. During the fourth quarter of 2014, SCE reduced its estimated impact of the San Onofre OII Settlement by $68 million ($24 million after-tax) consistent with the advice for reimbursement of recorded costs.
[3] In the fourth quarter of 2015, as result of the 2015 GRC Decision, SCE recorded a $382 million write-down of regulatory assets previously recorded for recovery of deferred income taxes from 2012 – 2014 incremental tax repair deductions. 2014(in millions)Total Fourth Third Second FirstOperating revenue$13,380 $3,104 $4,338 $3,014 $2,924Operating income2,529 715 881 593 342Net income11,565 408 531 392 234Net income available for common stock1,453 380 503 362 208Common dividends declared525 147 126 126 126
[4] During the first quarter of 2014, SCE recorded an impairment charge of $231 million ($96 million after-tax) in 2014. During the fourth quarter of 2014, SCE reduced its estimated impact of the San Onofre OII Settlement by $68 million ($24 million after-tax) consistent with the advice for reimbursement of recorded costs.