Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments

Schedule of derivative assets financial position

	June 30, 2023
	Derivative Assets		Derivative Liabilities
(in millions)	Short-Term1		Short-Term		Net Assets
Commodity derivative contracts
Gross amounts recognized	$	24	$	63	$	(39)
Gross amounts offset in the consolidated balance sheets		(11)		(11)		—
Cash collateral posted		—		(52)		52
Net amounts presented in the consolidated balance sheets	$	13	$	—	$	13

	December 31, 2022
	Derivative Assets		Derivative Liabilities
(in millions)	Short-Term1		Short-Term2		Net Assets
Commodity derivative contracts
Gross amounts recognized	$	459	$	120	$	339
Gross amounts offset in the consolidated balance sheets		(119)		(119)		—
Cash collateral received		(99)		—		(99)
Net amounts presented in the consolidated balance sheets	$	241	$	1	$	240

1 Included in "Other current assets" on SCE's consolidated balance sheets.

2 Included in "Other current liabilities" on SCE's consolidated balance sheets.

Schedule of gains/(losses) of SCE's economic hedging activity

		Three months ended June 30,			Six months ended June 30,
(in millions)		2023		2022	2023		2022
Realized	$	(7)	$	129	$	109	$	110
Unrealized		(114)		(88)		(378)		(35)

Schedule of notional volumes of derivatives

	Unit of	Economic Hedges
Commodity	Measure	June 30, 2023	December 31, 2022
Electricity options, swaps and forwards	Gigawatt hours	2,364	1,022
Natural gas options, swaps and forwards	Billion cubic feet	45	42
Congestion revenue rights	Gigawatt hours	24,290	44,028