v3.26.1
Debt and Credit Agreements
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt and Credit Agreements Debt and Credit Agreements
Long-Term Debt
During the three months ended March 31, 2026, SCE issued the following first and refunding mortgage bonds:
DescriptionMonth of IssuanceRateMaturity DateAmount
(in millions)
Series 2024DMarch 20265.15%2029$600 
Series 2026AMarch 20264.80%2033600 
Total$1,200 
The proceeds were used to repay commercial paper borrowings and for general corporate purposes.
In February 2026, Edison International Parent issued $550 million of 4.80% senior notes due in 2031. The proceeds were used to repay commercial paper and for general corporate purposes.
Credit Agreements and Short-Term Debt
The following table summarizes the status of the credit facilities at March 31, 2026:
(in millions, except for rates)
BorrowerTermination DateSecured Overnight Financing Rate ("SOFR") Plus (bps)CommitmentOutstanding BorrowingsOutstanding Letters of CreditAmount Available
Edison International Parent1, 2
May 2029128 $1,500 $643 $— $857 
SCE2
May 2029108 3,350 — 2 3,348 
Total Edison International$4,850 $643 $2 $4,205 
1At March 31, 2026, Edison International Parent had $641 million outstanding commercial paper, net of a $2 million discount, at a weighted-average interest rate of 4.37%.
2The aggregate maximum principal amount under the SCE and Edison International Parent revolving credit facilities may be increased up to $4.0 billion and $2.0 billion, respectively, provided that additional lender commitments are obtained.
Term Loan
In February 2026, SCE entered into a term loan agreement to borrow $1.5 billion maturing in March 2027 with a variable interest rate based on SOFR plus 1.00%. The proceeds were used for general corporate and working capital purposes, including the repayment of all borrowings under the $300 million unsecured term loan agreement, dated as of February 11, 2026.
Uncommitted Letters of Credit
SCE entered into agreements with certain lenders for bilateral unsecured standby letters of credit ("SBLC") with a total capacity of $660 million that is uncommitted and supported by reimbursement agreements. The SBLCs are not subject to any collateral or security requirements. At March 31, 2026, SCE had $100 million outstanding under these agreements, which expire between June 2026 and April 2027.