Equity

9 Months Ended

Sep. 30, 2022

Equity

Equity

Note 13. Equity

Common Stock Issuances

Edison International continued to settle its ongoing common stock requirements of various internal programs through issuance of new common stock. During the three months ended September 30, 2022, 349,748 shares of common stock were issued as stock compensation awards for net cash receipts of $20 million, 64,917 shares of new common stock were issued in lieu of distributing $4 million to shareholders opting to receive dividend payments in the form of additional common stock, 35,000 shares of common stock were issued to employees through the 401(k) defined contribution savings plan for net cash receipts of $2 million as dividend payments and 22,643 shares of common stock were issued to employees through the Employee Stock Purchase Plan for net cash receipts of $1 million.

During the nine months ended September 30, 2022, 1,134,580 shares of common stock were issued as stock compensation awards for net cash receipts of $51 million, 201,263 shares of new common stock were issued in lieu of distributing

$13 million to shareholders opting to receive dividend payments in the form of additional common stock, 106,000 shares of common stock were issued to employees through the 401(k) defined contribution savings plan for net cash receipts of $7 million as dividend payments, 36,912 shares of common stock were issued to employees through the Employee Stock Purchase Plan for net cash receipts of $2 million and 16,441 shares of common stock were issued to employees through voluntary cash purchases for net cash receipts of $1 million.

At-the-Market Program

In August 2022, Edison International filed a prospectus supplement and executed several distribution agreements with certain sales agents to establish an "at-the-market"("ATM") program under which it may sell shares of its common stock having an aggregate sales price of up to $500 million. As of September 30, 2022, no sales had occurred and Edison International has no obligation to sell the remaining shares available under the ATM program.

Equity Contributions

In the three months and nine months ended September 30, 2022, SCE received zero and $700 million in capital contributions from Edison International Parent, respectively, to support SCE's capital program, maintain the equity portion of SCE's capital structure at authorized levels and for general corporate purposes.