Related-Party Transactions

9 Months Ended

Sep. 30, 2021

Related Party Transactions [Abstract]

Related-Party Transactions

Note 18. Related-Party Transactions

In the second quarter of 2021, SCE entered into wildfire liability insurance contracts with premiums of approximately $160 million payable to Edison Insurance Services, Inc. ("EIS"), a wholly-owned subsidiary of Edison International. In the second quarter of 2020, SCE entered into wildfire liability insurance contracts with premiums payable to EIS of $176 million. The related-party transactions included in SCE's consolidated balance sheets for wildfire-related insurance purchased from EIS and related expected insurance recoveries were as follows:

	September 30,		December 31,
(in millions)	2021		2020
Current insurance receivable due from affiliate	$	—	$	268
Prepaid insurance1		79		56

¹ Reflected in "Prepaid expenses" on SCE's consolidated balance sheets.

The expense for wildfire-related insurance premiums paid to EIS was $41 million and $45 million for the three months ended September 30, 2021 and 2020, and $128 million and $145 million for the nine months ended September 30, 2021 and 2020, respectively.