Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2023

2017/2018 Wildfire/Mudslide Events

Commitments and Contingencies

Schedule of Contingency Accruals and Changes

(in millions)
Balance at December 31, 20221	$	1,119
Increase in accrued estimated losses		90
Amounts paid		(221)
Balance at March 31, 20232	$	988

1 At December 31, 2022, $121 million in current liabilities, wildfire-related claims, on Edison International's and SCE's consolidated balance sheets consisted of $65 million of settlements executed and $56 million of a short term payables under the SED Agreement in connection with the 2017/2018 Wildfire/Mudslide Events. At December 31, 2022, the $1,687 million included in deferred credits and other liabilities, wildfire-related claims, on Edison International's and SCE's consolidated balance sheets included Edison International's and SCE's best estimate of expected losses for remaining alleged and potential claims related to the 2017/2018 Wildfire/Mudslide Events of $934 million, $64 million of a long term payables under the SED Agreement and other wildfire-related claims estimates of $689 million.

2 At March 31, 2023, $75 million in current liabilities, wildfire-related claims, on Edison International's and SCE's consolidated balance sheets consisted of $15 million of settlements executed and $60 million of a short term payables under the SED Agreement in connection with the 2017/2018 Wildfire/Mudslide Events. At March 31, 2023, the $1,600 million included in deferred credits and other liabilities, wildfire-related claims, on Edison International's and SCE's consolidated balance sheets included Edison International's and SCE's best estimate of expected losses for remaining alleged and potential claims related to the 2017/2018 Wildfire/Mudslide Events of $853 million, $60 million of a long term payables under the SED Agreement and other wildfire-related claims estimates of $687 million.

For the three months ended March 31, 2023 and 2022, Edison International's and SCE's consolidated statements of income included charges for the estimated losses, net of expected recoveries from insurance and FERC customers, related to the 2017/2018 Wildfire/Mudslide Events as follows:

	Three months ended March 31,
(in millions)	2023		2022
Charge for wildfire-related claims	$	90	$	416
Expected revenue from FERC customers		(6)		(26)
Total pre-tax charge		84		390
Income tax benefit		(23)		(109)
Total after-tax charge	$	61	$	281

Post-2018 Wildfires

Commitments and Contingencies

Schedule of Contingency Accruals and Changes

The following table presents changes in estimated losses since December 31, 2022:

(in millions)
Balance at December 31, 2022	$	682
Increase in accrued estimated losses		6
Amounts paid		(7)
Balance at March 31, 2023	$	681

For the three months ended March 31, 2023 and 2022, Edison International's and SCE's consolidated statements of income included charges for the estimated losses, net of expected recoveries from insurance and customers, related to the Post-2018 Wildfires as follows, respectively:

	Three months ended March 31,
(in millions)	2023		2022
Edison International and SCE:
Charge for wildfire-related claims	$	6	$	105
Expected insurance recoveries		—		(96)
Total pre-tax charge		6		9
Income tax benefit		(2)		(2)
Total after-tax charge	$	4	$	7