filings.toolsEdison International (EIX) 10-K risk factor changes: FY2024 vs FY2023
The 2024-12-31 10-K against the 2023-12-31 one, compared heading by heading and sentence by sentence.
All filing items2,435 rewritten1,696 added813 removed1,435 unchanged
Summary
counted, not written
- Item 1A headings could not be compared: the parser did not find an Item 1A in both filings.
- Sentence by sentence, 1,696 added, 813 removed, 2,435 rewritten and 1,435 unchanged across 2 items that differ.
Sentences by item
2 items, with every count and a link to each item that changed
| Item | Added | Removed | Rewritten | Unchanged |
|---|---|---|---|---|
| Cover and table of contents | 1,542 | 752 | 2,246 | 1,418 |
| Item 6. Reserved. | 154 | 61 | 189 | 17 |
Underlined words on a shaded ground are new in FY2024; struck-through words were in FY2023. Sentences that are wholly new or wholly gone are labelled rather than marked.
Cover and table of contents
2,246 rewritten, 1,542 added, 752 removed, 1,418 unchanged
[removed: FORM 10-K][added: FORM 10-K]
[added: |] (Mark One) [added: | | | | | | | | | | | | | | |]
[added: |] ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [added: | | | | | | | | | | | | | | |]
| For the fiscal year ended | [added: | |] December 31, [removed: 2023] [added: 2024] | [added: | |]
[added: |] ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [added: | | | | | | | | | | | | | | | | | | | | |]
[added: |] For the transition period from to [added: | | | | | | | | | | | | | | | | | | | | |]
| Commission File Number | | [added: | | | |] Exact Name of Registrant as specified in its charter | | [added: | | | |] State or Other Jurisdiction of Incorporation or Organization | | [added: | | | |] IRS Employer Identification Number | [added: | |]
| 1-9936 | [removed: ] | [added: | | | |] EDISON INTERNATIONAL | [removed: ] | [added: | | | |] California | [removed: ] | [added: | | | |] 95-4137452 | [added: | |]
| 1-2313 | [removed: ] | [added: | | | |] SOUTHERN CALIFORNIA EDISON COMPANY | [removed: ] | [added: | | | |] California | [removed: ] | [added: | | | |] 95-1240335 | [added: | |]
| EDISON INTERNATIONAL | | [added: |] SOUTHERN CALIFORNIA EDISON COMPANY | [added: | |]
| 2244 Walnut Grove Avenue | [removed: ] | [added: |] 2244 Walnut Grove Avenue | [added: | |]
| (P.O. Box 976) | [removed: ] | [added: |] (P.O. Box 800) | [added: | |]
| [removed: Rosemead, California 91770] [added: Rosemead, CA 91770] | [removed: ] | [removed: Rosemead, California 91770] | [added: Rosemead, CA 91770 | | |]
| (Address of principal executive offices) | [removed: ] | [added: |] (Address of principal executive offices) | [added: | |]
| [removed: (626) 302-2222] [added: (626) 302-2222] | [removed: ] | [removed: (626) 302-1212] | [added: (626) 302-1212 | | |]
| (Registrant's telephone number, including area code) | [removed: ] | [added: |] (Registrant's telephone number, including area code) | [added: | |]
[added: | | | |] Securities registered pursuant to Section 12(b) of the Act: [added: | | | | | | | | |]
[added: |] Edison International: [added: | | | | | | | | | | | |]
| Title of each class | [added: | |] Trading Symbol(s) | [added: | |] Name of each exchange on which registered | | [added: | | | |]
| Common Stock, no par value | [added: | |] EIX | [added: | |] NYSE | [added: | |] LLC | [added: | |]
[added: |] Southern California Edison Company: None [added: | | | | | | | | | | | |]
[added: | | | |] Securities registered pursuant to Section 12(g) of the Act: None [added: | | | | | | | | |]
[added: |] Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. [added: | | | | | | | | | | | | | | | | | | | | |]
| Edison International | | [added: | | | |] Yes þ No ☐ | | [added: | | | |] Southern California Edison Company | | [added: | | | |] Yes þ No ☐ | [added: | |]
[added: |] Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. [added: | | | | | | | | | | | | | | | | | | | | |]
| Edison International | | [added: | | | |] Yes ☐ No þ | | [added: | | | |] Southern California Edison Company | | [added: | | | |] Yes ☐ No þ | [added: | |]
[added: |] Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [added: | | | | | | | | | | | | | | | | | | | | |]
[added: |] Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). [added: | | | | | | | | | | | | | | | | | | | | |]
[added: |] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. [added: See the definitions of "large accelerated filer," accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-12 of the Exchange Act. (Check One): | | | | | | | | | | | | | | | | | |]
[removed: See the definitions of "large accelerated filer," accelerated filer," "smaller reporting company," and "emerging] [added: | Edison International | | | Large Accelerated Filer | | | Accelerated Filer | | | Non-accelerated Filer | | | Smaller Reporting Company | | | Emerging] growth [removed: company" in Rule 12b-12 of the Exchange Act.][added: company | | |]
| [added: Southern California] Edison [removed: International] [added: Company] | [added: | |] Large Accelerated Filer | [added: | |] Accelerated Filer | [added: | |] Non-accelerated Filer | [added: | |] Smaller Reporting Company | [added: | |] Emerging growth company | [added: | |]
[added: |] If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [added: | | | | | | | | | | | | | | | | | | | | |]
| Edison International | | [added: | | | |] ☐ | | [added: | | | |] Southern California Edison Company | | [added: | | | |] ☐ | [added: | |]
[added: |] Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C 7262(b)) by the registered public accounting firm that prepared or issued its audit report. [added: | | | | | | | | | | | | | | | | | | | | |]
| Edison International | | [added: | | | |] ☑ | | [added: | | | |] Southern California Edison Company | | [added: | | | |] ☐ | [added: | |]
[added: |] If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. [added: | | | | | | | | | | | | | | | | | | | | |]
[added: |] Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). [added: | | | | | | | | | | | | | | | | | | | | |]
[added: |] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [added: | | | | | | | | | | | | | | | | | | | | |]
[added: |] Aggregate market value of voting and non-voting common equity held by non-affiliates of the registrants as of June [removed: 30, 2023,] [added: 28, 2024,] the last business day of the most recently completed second fiscal quarter: [added: | | | | | | | | | | | | | | | | | | | | |]
| Edison International | | [added: | | | |] Approximately [removed: $26.6] [added: $27.7] billion | | [added: | | | |] Southern California Edison Company | | [added: | | | |] Wholly owned by Edison International | [added: | |]
[Table o](#i6d0c52c96b2e4ed38937834247526789_7)[f](#i6d0c52c96b2e4ed38937834247526789_7) [Content](#i6d0c52c96b2e4ed38937834247526789_7)[s](#i6d0c52c96b2e4ed38937834247526789_7)
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| Edison International | | | | | | Yes ☐ No þ | | | | | | Southern California Edison Company | | | | | | Yes ☐ No þ | | |
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| Edison International | | | | | | 385,023,526 | | | | | | shares | | |
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[Table o](#i6d0c52c96b2e4ed38937834247526789_7)[f](#i6d0c52c96b2e4ed38937834247526789_7) [Content](#i6d0c52c96b2e4ed38937834247526789_7)[s](#i6d0c52c96b2e4ed38937834247526789_7)
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| [2024 vs 2023](#i6d0c52c96b2e4ed38937834247526789_55) | | | [12](#i6d0c52c96b2e4ed38937834247526789_55) | | | | | |
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(Check One):
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| | ☑ | ☐ | ☐ | ☐ | ☐ |
| Southern California Edison Company | Large Accelerated Filer | Accelerated Filer | Non-accelerated Filer | Smaller Reporting Company | Emerging growth company |
| | ☐ | ☐ | ☑ | ☐ | ☐ |
| | | | | |
| --- | --- | --- | --- | --- |
| Edison International | | 384,524,276 | | shares |
| [Track 4](#TRACK4) | 8 | |
| [Customer-Funded Self-Insurance](#Customerfundedselfinsurance) | 12 | |
| [Earning Activities](#EarningActivities_400566) | 14 | |
| [Cost-Recovery Activities](#CostRecoveryActivities_528337) | 15 | |
| [Note 7. Revenue](#Note7Revenue_57751) | 92 | |
| [Note 10. Investments](#Note10Investments_640732) | 111 | |
| [Note 13. Leases](#Note13Leases_648889) | 129 | |
| [Note 14. Equity](#Note14Equity_636733) | 131 | |
| [BUSINESS](#BUSINESS_106631) | 136 | Part I, Item 1 |
| [Insurance](#Insurance_627748) | 140 | |
| [Regulation](#Regulation_459760) | 141 | |
| [Competition](#Competition_724250) | 147 | |
| [Properties](#Properties_145191) | 149 | |
| [Seasonality](#Seasonality_419402) | 150 | |
| [PROPERTIES](#PROPERTIES_81355) | 156 | Part I, Item 2 |
| [Edison International](#EdisonInternational) | 161 | |
| [Insider Trading Arrangements](#Insidertradingarragements) | 163 | |
| [EXHIBIT INDEX](#EXHIBITINDEX_46399) | 165 | |
| [SIGNATURES](#SIGNATURES_73826) | 178 | |
| | | |
| CAPP | | California Arrearage Payment Program |
| COVID-19 | | Coronavirus disease 2019 |
| Track 2 | | Track 2 of the 2021 GRC, which addressed the reasonableness of wildfire mitigation costs incurred in 2018 and 2019 that were incremental to amounts authorized in the 2018 GRC |
An excerpt. Shown here: 40 of 2,246 rewritten, 40 of 1,542 added and 40 of 752 removed. The counts are complete. For every sentence, read Cover and table of contents in the FY2024 filing and the FY2023 filing.
Item 6. Reserved.
189 rewritten, 154 added, 61 removed, 17 unchanged
[removed: FORM] [added: FORM] 10-K [removed: SUMMARY][added: SUMMARY]
[removed: EXHIBITS] [added: EXHIBITS] AND FINANCIAL STATEMENT [removed: SCHEDULES][added: SCHEDULES]
[removed: (a)] [added: (a)] (1) Financial [removed: Statements][added: Statements]
[removed: (a)] [added: (a)] (2) Report of Independent Registered Public Accounting Firm and Schedules Supplementing Financial [removed: Statements][added: Statements]
[removed: Edison International][added: Edison International]
[removed: |] Report of Independent Registered Public Accounting Firm - Edison International [removed: |]
[removed: |] Schedule I – Condensed Financial Information of Edison International Parent [removed: |]
[removed: Southern] [added: Southern] California Edison [removed: Company][added: Company]
[removed: |] Report of Independent Registered Public Accounting Firm - SCE [removed: |]
[removed: (a)] [added: (a)] (3) [removed: Exhibits][added: Exhibits]
[removed: EXHIBIT INDEX][added: EXHIBIT INDEX]
| [added: 10.19 | | | | | |] [First Amendment, dated as of April 30, 2021, to the Second Amended and Restated Credit Agreement, dated as of May 17, 2018, by and among Southern California Edison Company, the several banks and other financial institutions party thereto and JPMorgan Chase bank, N.A., as administrative agent. (File No. 1-2313, filed as Exhibit 10.2 to [removed: Southern California Edison Company's] [added: SCE's] Form 8-K dated April 30, 2021 and filed May 6, 2021)*](https://www.sec.gov/Archives/edgar/data/92103/000082705221000040/eix-20210430ex1022c33d1.htm) [removed: ] | | |
| [removed: Exhibit Number] [added: Exhibit Number] | | [removed: Description] | [added: | | | Description | | |]
| Edison International | | | [added: | | | | | |]
| 3.1 | [removed: ] | [added: | | | |] [Certificate of Restated Articles of Incorporation of Edison International, effective December 19, 2006, together with all Certificates of Determination of Preference of Preferred Stock issued since December 19, 2006 (File No. 1-9936, filed as Exhibit 3.1 to Edison International's Form 10-K for the year ended December 31, 2021)*](https://www.sec.gov/Archives/edgar/data/92103/000082705222000006/eix-20211231ex3138b6890.htm) | [added: | |]
| 3.2 | [removed: ] | [added: | | | |] [Bylaws of Edison International, as amended effective, December 8, 2022 (File No. 1-9936, filed as Exhibit No. 3.1 to Edison International's Form 8-K dated December 8, 2022 and filed December 9, 2022)*](https://www.sec.gov/Archives/edgar/data/92103/000082705222000090/eix-20221208xex3d1.htm) | [added: | |]
| Southern California Edison Company | | | [added: | | | | | |]
| 3.3 | [removed: ] | [added: | | | |] [Amended and Restated Articles of SCE, effective August 28, 2023 (Filed No. 1-2313 filed as Exhibit 3.1 to SCE’s Form 8-K dated September 19, 2023 and filed September 21, 2023)*](https://www.sec.gov/Archives/edgar/data/92103/000009210323000011/sce-20230919xex3d1.htm) | [added: | |]
| 3.4 | [removed: ] | [added: | | | |] [Bylaws of Southern California Edison Company, as amended effective December 8, 2022 (File No. 1-2313, filed as Exhibit No. 3.2 to SCE's Form 8-K dated December 8, 2022 and filed December 9, 2022)*](https://www.sec.gov/Archives/edgar/data/92103/000082705222000090/eix-20221208xex3d2.htm) | [added: | |]
| 4.1 | [removed: ] | [added: | | | |] [Edison International - Description of Registered [removed: Securities](http://www.sec.gov/Archives/edgar/data/92103/000082705220000026/q4eix-sce10k2019xex41.htm) [(File] [added: Securities (File] No. 1-9936, filed as Exhibit 4.1 to Edison International's Form 10-K for the year ended [removed: D](http://www.sec.gov/Archives/edgar/data/92103/000082705220000026/q4eix-sce10k2019xex41.htm)[ecember] [added: December] 31, [removed: 2019)*](http://www.sec.gov/Archives/edgar/data/92103/000082705220000026/q4eix-sce10k2019xex41.htm)] [added: 2019)*](https://www.sec.gov/Archives/edgar/data/92103/000082705220000026/q4eix-sce10k2019xex41.htm)] | [added: | |]
| 4.2 | [removed: ] | [added: | | | |] [Senior Indenture, dated September 10, 2010 (File No. 1-9936, filed as Exhibit 4.1 to Edison International's Form 10-Q for the quarter ended September 30, [removed: 2010)*](http://www.sec.gov/Archives/edgar/data/827052/000104746910008982/a2200535zex-4_1.htm)] [added: 2010)*](https://www.sec.gov/Archives/edgar/data/827052/000104746910008982/a2200535zex-4_1.htm)] | [added: | |]
| [removed: 4.3] [added: 4.4] | [removed: ] | [added: | | | |] [Form of Certificate representing Series A Preferred Stock (included as Exhibit A to Certificate of Determination of the 5.375% Fixed Rate Reset Cumulative Perpetual Preferred Stock Series A) (File No. 1-9936, filed as Exhibit 3.1 to Edison International's Form 10-K for the year ended December 31, 2021)*](https://www.sec.gov/Archives/edgar/data/92103/000082705222000006/eix-20211231ex3138b6890.htm) | [added: | |]
| [removed: 4.4] [added: 4.5] | [removed: ] | [added: | | | |] [Form of Certificate representing Series B Preferred Stock (included as Exhibit A to Certificate of Determination of the 5.00% Fixed Rate Reset Cumulative Perpetual Preferred Stock Series B) (File No. 1-9936, filed as Exhibit 3.1 to Edison International's Form 10-K for the year ended December 31, 2021)*](https://www.sec.gov/Archives/edgar/data/92103/000082705222000006/eix-20211231ex3138b6890.htm) | [added: | |]
| [removed: 4.5] [added: 4.6] | [removed: ] | [added: | | | |] [Southern California Edison Company First Mortgage Bond Trust Indenture, dated as of October 1, 1923 (File No. 1-2313, filed as Exhibit 4.2 to SCE's Form 10-K for the year ended December 31, [removed: 2010)*](http://www.sec.gov/Archives/edgar/data/92103/000104746911001487/a2201616zex-4_2.htm)] [added: 2010)*](https://www.sec.gov/Archives/edgar/data/92103/000104746911001487/a2201616zex-4_2.htm)] | [added: | |]
| [removed: 4.6] [added: 4.7] | [removed: ] | [added: | | | |] [Southern California Edison Company Indenture, dated as of January 15, 1993 (File No. 1-2313, filed as Exhibit 4.3 to SCE's Form 10-K for the year ended December 31, [removed: 2017)*](http://www.sec.gov/Archives/edgar/data/92103/000082705218000046/exhibit43.htm)] [added: 2017)*](https://www.sec.gov/Archives/edgar/data/92103/000082705218000046/exhibit43.htm)] | [added: | |]
| [removed: 4.7] [added: 4.8] | [removed: ] | [added: | | | |] [Certificate of Determination of Preferences of the Company’s Series M Preference Stock (File No. 1-2313, filed as Exhibit 4.1 to SCE’s Form 8-K dated November 16, 2023 and filed on November 22, 2023)*](https://www.sec.gov/Archives/edgar/data/92103/000009210323000025/sce-20231116xex4d1.htm) | [added: | |]
| Edison International and Southern California Edison Company | | | [added: | | | | | |]
| 10.1 | [removed: ] | [added: | | | |] [Edison International 2008 Director Deferred Compensation Plan, as amended and restated effective January 1, 2021 (File No. 1-9936, filed as Exhibit No. 10.2 to Edison International's Form 10-Q for the quarter ended September 30, [removed: 2020)*](http://www.sec.gov/Archives/edgar/data/92103/000082705220000134/a102eix2008directordef.htm)] [added: 2020)*](https://www.sec.gov/Archives/edgar/data/92103/000082705220000134/a102eix2008directordef.htm)] | [added: | |]
| 10.2 | [removed: ] | [added: | | | |] [Edison International Executive Deferred Compensation Plan, as amended and restated effective June 19, 2014 (as amended) (File No. 1-9936, filed as Exhibit No. 10.7 to Edison International's Form 10-Q for the quarter ended March 31, [removed: 2018)*](http://www.sec.gov/Archives/edgar/data/92103/000082705218000115/q1eix10q2018ex107.htm)] [added: 2018)*](https://www.sec.gov/Archives/edgar/data/92103/000082705218000115/q1eix10q2018ex107.htm)] | [added: | |]
| 10.3 | [removed: ] | [added: | | | |] [Edison International 2008 Executive Deferred Compensation Plan, as amended and restated effective January 1, [removed: 2024](https://www.sec.gov/Archives/edgar/data/827052/000082705224000013/eix-20231231xex10d3.htm)] [added: 202](https://www.sec.gov/Archives/edgar/data/827052/000082705225000022/eix-20241231xex103.htm)5] | [added: | |]
| 10.4 | [removed: ] | [added: | | | |] [Southern California Edison Company Executive Retirement Plan, as amended effective June 19, 2014 (File No. 1-9936, filed as Exhibit 10.7 to Edison International and SCE's Form 10-Q for the quarter ended June 30, [removed: 2014)*](http://www.sec.gov/Archives/edgar/data/827052/000082705214000154/eixq22014ex107.htm)] [added: 2014)*](https://www.sec.gov/Archives/edgar/data/827052/000082705214000154/eixq22014ex107.htm)] | [added: | |]
| 10.4.1 | [removed: ] | [added: | | | |] [Edison International 2008 Executive Retirement Plan, as amended and restated effective January 1, [removed: 2024](https://www.sec.gov/Archives/edgar/data/827052/000082705224000013/eix-20231231xex10d4.htm)] [added: 202](https://www.sec.gov/Archives/edgar/data/827052/000082705225000022/eix-20241231ex104.htm)5] | [added: | |]
| [removed: 10.5] [added: 10.10] | [removed: ] | [added: | | | |] [Edison International [removed: Executive Incentive Compensation Plan,] [added: Director Matching Gifts Program,] as [removed: amended and restated] [added: revised] effective January 1, [removed: 2024] [added: 2019] (File No. 1-9936, filed as Exhibit [removed: 10.2] [added: 10.1] to Edison International's Form 10-Q for the quarter ended September 30, [removed: 2023)*](https://www.sec.gov/Archives/edgar/data/92103/000082705223000084/eix-20230930xex10d2.htm)] [added: 2019)*](https://www.sec.gov/Archives/edgar/data/92103/000082705219000166/eix-sceq310q2019xex101.htm)] | [added: | |]
| [removed: 10.6] [added: 10.7.2] | [removed: ] | [added: | | | |] [Edison International [removed: 2008 Executive Disability Plan, as amended] [added: 2016 Long-Term Incentives Terms] and [removed: restated effective April 2, 2018 (File] [added: Conditions (File,] No. 1-9936, filed as Exhibit [removed: No.] 10.4 to Edison [removed: International and SCE's] [added: International's] Form 10-Q for the quarter ended March 31, [removed: 2018)*](http://www.sec.gov/Archives/edgar/data/92103/000082705218000115/q1eix10q2018ex104.htm)] [added: 2016)*](https://www.sec.gov/Archives/edgar/data/92103/000082705216000321/eixq12016ex104.htm)] | [added: | |]
| 10.7 | [removed: ] | [added: | | | |] [Edison International 2007 Performance Incentive Plan as amended and restated effective May 2, 2016 (File No. 1-9936, filed as Exhibit 10.1 to Edison International's Form 8-K dated April 28, 2016 and filed April 29, [removed: 2016)*](http://www.sec.gov/Archives/edgar/data/92103/000082705216000298/exhibit101.htm)] [added: 2016)*](https://www.sec.gov/Archives/edgar/data/92103/000082705216000298/exhibit101.htm)] | [added: | |]
| 10.7.1 | [removed: ] | [added: | | | |] [Edison International [removed: 2014] [added: 2015] Long-Term Incentives Terms and Conditions (File, No. 1-9936, filed as Exhibit [removed: 10.3] [added: 10.2] to Edison International's Form 10-Q for the quarter ended March 31, [removed: 2014)*](http://www.sec.gov/Archives/edgar/data/92103/000082705214000135/eixq12014ex103.htm)] [added: 2015)*](https://www.sec.gov/Archives/edgar/data/92103/000082705215000115/eixq12015ex10-2.htm)] | [added: | |]
| [removed: 10.7.2] [added: 10.7.3] | [removed: ] | [added: | | | |] [Edison International [removed: 2015] [added: 2017] Long-Term Incentives Terms and Conditions (File, No. 1-9936, filed as Exhibit 10.2 to Edison International's Form 10-Q for the quarter ended March 31, [removed: 2015)*](http://www.sec.gov/Archives/edgar/data/92103/000082705215000115/eixq12015ex10-2.htm)] [added: 2017)*](https://www.sec.gov/Archives/edgar/data/92103/000082705217000128/exhibit102q12017.htm)] | [added: | |]
| [removed: 10.7.3] [added: 10.7.6] | [removed: ] | [added: | | | |] [Edison International [removed: 2016] [added: 2020] Long-Term Incentives Terms and Conditions (File, No. 1-9936, filed as Exhibit 10.4 to Edison International's Form 10-Q for the quarter ended March 31, [removed: 2016)*](http://www.sec.gov/Archives/edgar/data/92103/000082705216000321/eixq12016ex104.htm)] [added: 2020)*](https://www.sec.gov/Archives/edgar/data/92103/000082705220000091/eix-sceq110q2020xex104.htm)] | [added: | |]
| 10.7.4 | [removed: ] | [added: | | | |] [Edison International [removed: 2017] [added: 2018] Long-Term Incentives Terms and Conditions [removed: (File,] [added: (File.] No. 1-9936, filed as Exhibit [removed: 10.2] [added: 10.3] to Edison International's Form 10-Q for the quarter ended March 31, [removed: 2017)*](http://www.sec.gov/Archives/edgar/data/92103/000082705217000128/exhibit102q12017.htm)] [added: 2018)*](https://www.sec.gov/Archives/edgar/data/92103/000082705218000115/q1eix10q2018ex103.htm)] | [added: | |]
| 10.7.5 | [removed: ] | [added: | | | |] [Edison International [removed: 2018] [added: 2019] Long-Term Incentives Terms and Conditions [removed: (File.] [added: (File,] No. 1-9936, filed as Exhibit 10.3 to Edison International's Form 10-Q for the quarter ended March 31, [removed: 2018)*](http://www.sec.gov/Archives/edgar/data/92103/000082705218000115/q1eix10q2018ex103.htm)] [added: 2019)*](https://www.sec.gov/Archives/edgar/data/92103/000082705219000108/a103eix2019long-termincent.htm)] | [added: | |]
[Table o](#i6d0c52c96b2e4ed38937834247526789_7)[f](#i6d0c52c96b2e4ed38937834247526789_7) [Content](#i6d0c52c96b2e4ed38937834247526789_7)[s](#i6d0c52c96b2e4ed38937834247526789_7)
[Table o](#i6d0c52c96b2e4ed38937834247526789_7)[f](#i6d0c52c96b2e4ed38937834247526789_7) [Content](#i6d0c52c96b2e4ed38937834247526789_7)[s](#i6d0c52c96b2e4ed38937834247526789_7)
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| Edison International | | | | | | | | |
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| 4.3 | | | | | | [Junior Subordinated Indenture, dated as of March 1, 2023, between Edison International and The Bank of New York Mellon Company, as Trustee](https://www.sec.gov/Archives/edgar/data/827052/000082705225000022/eix-20241231xex43.htm) | | |
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| Southern California Edison Company | | | | | | | | |
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[Table o](#i6d0c52c96b2e4ed38937834247526789_7)[f](#i6d0c52c96b2e4ed38937834247526789_7) [Content](#i6d0c52c96b2e4ed38937834247526789_7)[s](#i6d0c52c96b2e4ed38937834247526789_7)
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| Exhibit Number | | | | | | Description | | |
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| 4.9 | | | | | | [Certificate of Determination of Preferences of the Company’s Series N Preference Stock (File No. 1-2313, filed as Exhibit 4.1 to SCE’s Form 8-K dated and filed on May 7, 2024)*](https://www.sec.gov/Archives/edgar/data/92103/000009210324000011/sce-20240507xex4d1.htmhttps://www.sec.gov/Archives/edgar/data/92103/000009210324000011/sce-20240507xex4d1.htm) | | |
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| 10.5 | | | | | | [Edison International Executive Incentive Compensation Plan, as amended and restated effective January 1, 202](https://www.sec.gov/Archives/edgar/data/827052/000082705225000022/eix-20241231xex105.htm)5 | | |
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| 10.6 | | | | | | [Edison International 2008 Executive Disability Plan, as amended and restated effective](https://www.sec.gov/Archives/edgar/data/827052/000082705225000022/eix-20241231xex106.htm) [January 1, 2025](https://www.sec.gov/Archives/edgar/data/827052/000082705225000022/eix-20241231xex106.htm) | | |
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| 10.10 | | [Edison International Director Matching Gifts Program, as revised effective January 1, 2019 (File No. 1-9936, filed as Exhibit 10.1 to Edison International's Form 10-Q for the quarter ended September 30, 2019)*](http://www.sec.gov/Archives/edgar/data/92103/000082705219000166/eix-sceq310q2019xex101.htm) |
| 10.22 | | [Third Amendment, dated as of May 3, 2023, to the Second Amended and Restated Credit Agreement dated as of May 17, 2018, as amended by the First Amendment, dated as of April 30, 2021 and the Second Amendment, dated as of May 4, 2022, by and among Southern California Edison, the several banks and other financial institutions party thereto and JPMorgan Chase Bank, N.A., as administrative agent (File No. 1-2313, filed as Exhibit 10.2 to SCE’s Form 10-Q for the quarter ended June 30, 2023)*](https://www.sec.gov/Archives/edgar/data/92103/000082705223000065/eix-20230630xex10d2.htm) |
| 10.23 | | [Term Loan Credit Agreement, dated as of November 7, 2022, among Southern California Edison Company, the several banks and other financial institutions from time to time party thereto, and Truist Bank (File No. 1-2313, filed as Exhibit 10.2 to SCE's Form 8-K dated and filed on November 7, 2022)](https://www.sec.gov/Archives/edgar/data/92103/000082705222000082/eix-20221107xex10d2.htm)* |
| 24.2 | | [Certified copies of Resolutions of Boards of Edison International and Southern California Edison Company Directors Authorizing Execution of SEC Reports](https://www.sec.gov/Archives/edgar/data/827052/000082705224000013/eix-20231231xex24d2.htm) |
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| Preferred stock issued | | | — | | | — | | | 1,977 |
CPUC holding company rules require that SCE's dividend policy be established by SCE's Board of Directors on the same basis as if SCE were a stand-alone utility company, and that the capital requirements of SCE, as deemed to be necessary to meet SCE's electricity service obligations, shall receive first priority from the Boards of Directors of both Edison International and SCE.
In addition, the CPUC regulates SCE's capital structure which limits the dividends it may pay to its shareholders.
The common equity component of SCE's CPUC authorized capital structure is 52% on a weighted average basis over the Capital Structure Compliance Period.
The CPUC authorized capital structure differs from the capital structure calculated based on GAAP due to certain exclusions allowed by CPUC, including the impact of SCE's contributions to the Wildfire Insurance Fund under AB 1054.
In August 2023, the CPUC issued a decision on SCE's application to the CPUC for an extension of the waiver of compliance with its equity ratio requirement that allows SCE to exclude from its equity ratio calculations (i) net charges accrued in connection with the 2017/2018 Wildfire/Mudslide Events and (ii) debt issued for the purpose of paying claims, and associated expenses, related to the 2017/2018 Wildfire/Mudslide Events up to an amount equal to the net charges accrued in connection with the 2017/2018 Wildfire/Mudslide Events.
Under the decision, effective as of the beginning of the new cost of capital cycle on January 1, 2023, the CPUC also authorized SCE to exclude from its equity ratio calculations debt that exceeds the net charges accrued in connection with the 2017/2018 Wildfire/Mudslide Events due to the timing difference between the wildfire claims payment and the realization of the cash tax benefits.
The temporary exclusion will lapse on August 31, 2025 or when determinations regarding cost recovery for the 2017/2018 Wildfire/Mudslide Events are made, whichever comes earlier.
If the CPUC has not made determinations regarding cost recovery by August 31, 2025, SCE is permitted to file another application for a waiver of compliance with its equity ratio requirement.
While the exclusion is in place, SCE is required to notify the CPUC if an adverse financial event reduces SCE's spot equity ratio by more than one percent from the level most recently filed with the CPUC in the proceeding.
The last spot equity ratio SCE filed with the CPUC in the proceeding did not exclude the then $1.8 billion net charge and was 45.2% as of December 31, 2018 (at the time the common equity component of SCE's CPUC authorized capital structure was required to remain at or above 48% on a weighted average basis over the applicable 37-month period).
SCE's spot equity ratio on December 31, 2018 would have been 48.7% had the $1.8 billion net charge at December 31, 2018 been excluded, therefore SCE will notify the CPUC if its spot ratio drops below 47.7% in any quarter.
For further information, see "Note 12.
Commitments and Contingencies—Contingencies—Southern California Wildfires and Mudslides."
At December 31, 2023, Edison International Parent had $500 million of 3.55% senior notes due in 2024, $400 million of 4.95% senior notes and $400 million of 4.70% senior notes due in 2025, $600 million of 5.75% senior notes due in 2027, $550 million of 4.125% senior notes and $600 million of 5.25% senior notes due in 2028, $550 million 6.95% senior notes due in 2029, $500 million of 8.125% junior subordinated notes due in 2053 and $450 million of 7.875% junior subordinated notes due in 2054.
The following table summarizes the status of the credit facility at December 31, 2023:
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| Commitment | | $ | 1,500 |
| Outstanding borrowings | | | 246 |
| Amount available | | $ | 1,254 |
In May 2023, Edison International Parent amended its revolving credit facility to extend the termination date to May 2027, with two additional one-year extension options.
The aggregate maximum principal amount under the Edison International Parent revolving credit facility may be increased up to $2.0 billion, provided that additional lender commitments are obtained.
The debt covenant in Edison International Parent's credit facility requires a consolidated debt to total capitalization ratio of less than or equal to 0.70 to 1.
At December 31, 2023, Edison International's consolidated debt to total capitalization ratio was 0.63 to 1.
Edison International continued to settle its ongoing common stock requirements of various internal programs through issuance of new common stock.
An excerpt. Shown here: 40 of 189 rewritten, 40 of 154 added and 40 of 61 removed. The counts are complete. For every sentence, read Item 6. Reserved. in the FY2024 filing and the FY2023 filing.