SCE Trust II TR PFD SECS 5.1%
SCE-PG
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Rosemead CA United States of America
- IPO Date
- Jan 25, 2013
- CIK
- 0000092103
- Similar Companies
- Business
- SCE Trust II operates as a Delaware statutory trust established as a financing vehicle subsidiary of Southern California Edison Company (SCE), a subsidiary of Edison International; it issues and sells its primary product, the 5.10% Trust Preference Securities (ticker: SCE-PG), which represent undivided beneficial interests in the trust's assets consisting of SCE Series G preference shares with equivalent payment terms, including quarterly distributions at 5.10% payable on March 15, June 15, September 15, and December 15, with a liquidation amount of $25 per share. SCE fully and unconditionally guarantees payments on these securities on a subordinated basis to the extent funds are available in the trust. The trust serves institutional and retail investors seeking stable income from hybrid securities backed by SCE's utility operations in the electric power industry. Headquartered in Rosemead, California, at 2244 Walnut Grove Avenue, SCE Trust II was formed prior to 2013 specifically to facilitate this issuance, enabling SCE to raise capital for utility investments while providing investors with preferential claims in liquidation scenarios. Geographically, its activities align with SCE's operations across a 50,000-square-mile service territory in central, coastal, and southern California, serving approximately 15 million residents through 5 million customer accounts. In recent developments, parent company SCE has pursued strategic expansions including a May 2024 partnership with Lotus Infrastructure Partners, selected by the California Independent System Operator to develop major transmission infrastructure for renewable energy delivery; a 15-year power purchase agreement signed in April 2025 with Leeward Renewable Energy for the 126-megawatt Antelope Valley battery energy storage facility; and an October 2025 adjustment to its capital expenditure plan, reducing the upper end to $28-29 billion through 2028 following California Public Utilities Commission approval of its general rate case. SCE also commenced a cash tender offer in November 2025 for its 5.45% Trust Preference Securities issued by SCE Trust V, signaling ongoing capital management activities among its trust structures, while reaffirming 2024 core EPS guidance and advancing wildfire mitigation efforts with 84% completion of planned distribution line hardening by mid-2024. These initiatives support SCE's focus on grid modernization, clean energy integration, and load growth driven by electric vehicles and manufacturing.