2022-10-26T06:59:27-05:00 2021-12-31 861065772 DELOITTE TAX LLP 555 W 5TH STREET SUITE 2700 LOS ANGELES CA 900131010 990 2021-01-01 954372790 SOUTHERN CALIFORNIA EDISON CO VEBA SOUT 6263022627 2244 WALNUT GROVE AVENUE QUAD 2B ROSEMEAD CA 917703714 ANDREA WOOD VP OF TAX 6263022627 2022-10-25 1 ANDREA WOOD 999009999 JEFFREY D FRANK P00287234 2136880800 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ANDREA WOOD 2244 WALNUT GROVE AVE ROSEMEAD CA 917703714 748380543 0 X N/A X 1991 CA THE ORGANIZATION'S MISSION IS TO PROVIDE POST-RETIREMENT HEALTH AND WELFARE BENEFITS TO ITS MEMBERS WHO EXCLUSIVELY ARE REPRESENTED EMPLOYEES OF A COLLECTIVELY BARGAINED PLAN. 1 0 0 0 7753 2249 0 0 0 0 133141989 34105827 0 0 133141989 34105827 0 0 30990046 25161967 70139 212912 0 0 0 2533204 2453863 33593389 27828742 99548600 6277085 1472995699 1438081080 0 0 1472995699 1438081080 THE ORGANIZATION'S MISSION IS TO PROVIDE POST-RETIREMENT HEALTH AND WELFARE BENEFITS TO ITS MEMBERS WHO EXCLUSIVELY ARE REPRESENTED EMPLOYEES OF A COLLECTIVELY BARGAINED PLAN. 0 0 THE PRIMARY EXEMPT PURPOSE ACHIEVEMENT FOR THIS VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) DURING THE YEAR WAS THE PAYMENT OF $25,161,967 IN HEALTH AND WELFARE BENEFITS TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 X 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 1 0 0 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 1 0 0 0 CA X NATALIA WOODWARD 6263021238 2244 WALNUT GROVE ROSEMEAD CA 91770 BNY MELLON TRUSTEE 6.00 X 0 0 212912 0 0 212912 0 0 0 0 FRANK RUSSELL 1301 SECOND AVENUE 18TH FLOOR SEATTLE WA 98101 INVESTMENT MANAGEMENT 1265341 PAYDEN & RYGEL 333 SOUTH GRAND AVENUE LOS ANGELES CA 90071 INVESTMENT MANAGEMENT 453146 2 27244955 27237202 7753 721135588 714274716 6860872 6860872 6860872 34105827 34098074 7753 0 25161967 212912 722785 1332363 ADMINISTRATIVE FEES 230921 FEDERAL INCOME TAXES 61000 MISCELLANEOUS 28801 77993 27828742 128890592 169535076 1335217934 1261081335 8887173 7464669 1472995699 1438081080 0 0 0 0 X 1472995699 1438081080 0 0 0 0 1472995699 1438081080 1472995699 1438081080 X 6277085 -38859575 -2332139 X X 0 0 0 FORM 990, PART V, LINE 3B TO QUALIFY AS "EXEMPT FUNCTION INCOME", THE SET ASIDE INCOME EARNED BY A VEBA SHALL NOT EXCEED THE RESERVES PERMITTED UNDER CODE SECTION 419A FOR THE YEAR, EXCLUDING ANY RESERVE UNDER CODE SECTION 419(C)(2)(A) FOR RETIREE MEDICAL BENEFITS. UNDER CODE SECTION 419A(F)(5), NO RESERVE LIMITATION APPLIES TO COLLECTIVELY BARGAINED PLANS. THE VEBA IS EXCLUSIVELY FOR REPRESENTED EMPLOYEES AND THEREFORE, ITS INCOME QUALIFIES AS EXEMPT FUNCTION INCOME WHICH IS NOT SUBJECT TO UBTI TAX. IT IS STILL SUBJECT TO UBTI TAX ON ANY UNRELATED BUSINESS INCOME THAT IS ALLOCATED TO THE VEBA FROM INVESTMENT SCHEDULE K-1S RECEIVED. FOR THE CURRENT YEAR, THE VEBA WAS ALLOCATED INCOME AND EXPENSES FROM SEVERAL SCHEDULE K-1S THAT WERE CLASSIFIED AS UBI, WHICH RESULTED IN NET INCOME. FORM 990, PART VI, SECTION A, LINE 7A THIS VEBA IS AN INDEPENDENT TRUST WITHIN THE EDISON INTERNATIONAL WELFARE BENEFIT PLAN. ACCORDINGLY, THE EDISON INTERNATIONAL TRUST INVESTMENT COMMITTEE HAS THE ULTIMATE POWER TO MAKE THE GOVERNANCE DECISIONS, INCLUDING THE POWER TO APPOINT OR REMOVE THE INSTITUTIONAL TRUSTEE. FORM 990, PART VI, SECTION A, LINE 7B THIS VEBA IS AN INDEPENDENT TRUST WITHIN THE EDISON INTERNATIONAL WELFARE BENEFIT PLAN. ACCORDINGLY, THE EDISON INTERNATIONAL TRUST INVESTMENT COMMITTEE HAS THE ULTIMATE POWER TO MAKE THE GOVERNANCE DECISIONS, INCLUDING THE POWER TO APPOINT OR REMOVE THE INSTITUTIONAL TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY DELOITTE TAX, LLP. AFTER AN INITIAL DRAFT OF THE FORM 990 IS PREPARED, IT IS SUBMITTED TO THE SOUTHERN CALIFORNIA EDISON ("SCE") TAX DEPARTMENT FOR REVIEW AND COMMENT. IT WILL BE SIGNED BY THE SCE VP OF TAX. FORM 990, PART VI, SECTION B, LINE 12C AS AN EMPLOYEE WELFARE BENEFIT PLAN, AS DEFINED IN SECTION 3 (1) OF ERISA, THIS ORGANIZATION IS SUBJECT TO AND IN COMPLIANCE WITH A STRICTER SET OF CONFLICT OF INTEREST RULES. ITS CONFLICT OF INTEREST POLICY IS STATED IN SECTION 9.5 OF THE ORGANIZATION'S TRUST AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THIS ORGANIZATION DOES MAKE ITS GOVERNING DOCUMENTS (INCLUDING ITS CONFLICT OF INTEREST POLICY) AVAILABLE TO ITS MEMBERS UPON REQUEST. THE FINANCIAL STATEMENTS ARE CONTAINED IN ITS FORM 5500, WHICH IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: INTER BANK SETTLEMENTS -12,824. ACCRETION/AMORTIZATION -2,872,050. CONSENT FEE INCOME 552,735. FORM 990, PART XII, LINE 2A & 2B: THE ORGANIZATION'S NET ASSETS ARE INCLUDED AS PART OF THE TOTAL NET ASSETS HELD BY THE EDISON INTERNATIONAL WELFARE BENEFIT PLAN. THE FINANCIAL STATEMENTS OF THE PLAN ARE AUDITED ON A CONSOLIDATED BASIS. FORM 990, PART VI, SECTION A, LINE 9: BNY MELLON, 240 GREENWICH STREET, NEW YORK, NY 10286 LIFE INSURANCE VEBA OF SOUTHERN CALIFORNIA EDISON COMPANY 2244 WALNUT GROVE AVENUE QUAD 2C ROSEMEAD CA 917703714 943157106 PROVIDE POST-RETIREMENT HEALTH & WELFARE BENEFITS CA 501(C)(9) N/A N/A 0 SOUTHERN CALIFORNIA EDISON LTD VEBA TRUST 2244 WALNUT GROVE AVENUE QUAD 2C ROSEMEAD CA 917703714 957086061 PROVIDE POST-RETIREMENT HEALTH & WELFARE BENEFITS CA 501(C)(9) N/A N/A 0 1999 VEBA OF THE NONREPRESENTED EMPLOYEES OF SOUTHERN CA EDISON 2244 WALNUT GROVE AVENUE QUAD 2C ROSEMEAD CA 917703714 954742958 PROVIDE POST-RETIREMENT HEALTH & WELFARE BENEFITS CA 501(C)(9) N/A N/A 0 SOUTHERN CALIFORNIA EDISON CO VEBA TR 2244 WALNUT GROVE AVENUE QUAD 2C ROSEMEAD CA 917703714 954372792 PROVIDE POST-RETIREMENT HEALTH & WELFARE BENEFITS CA 501(C)(9) N/A N/A 0 SOUTHERN CALIFORNIA EDISON COMPANY 2244 WALNUT GROVE AVENUE QUAD 2C ROSEMEAD CA 917703714 951240335 GENERATOR AND DISTRIBUTOR OF ELECTRIC POWER CA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0