Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments

Schedule of derivative assets financial position

	September 30, 2023
	Derivative Assets				Derivative Liabilities
(in millions)	Short-Term1		Long-Term2		Short-Term
Commodity derivative contracts
Gross amounts recognized	$	33	$	6	$	45
Gross amounts offset in the consolidated balance sheets		(5)		—		(5)
Cash collateral received		—		—		(40)
Net amounts presented in the consolidated balance sheets	$	28	$	6	$	—

	December 31, 2022
	Derivative Assets		Derivative Liabilities
(in millions)	Short-Term1		Short-Term3
Commodity derivative contracts
Gross amounts recognized	$	459	$	120
Gross amounts offset in the consolidated balance sheets		(119)		(119)
Cash collateral received		(99)		—
Net amounts presented in the consolidated balance sheets	$	241	$	1

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

2 Included in "Other long-term assets" on SCE's consolidated balance sheets.

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

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

	Three months ended				Nine months ended
	September 30,				September 30,
(in millions)		2023		2022		2023		2022
Realized	$	(57)	$	69	$	52	$	179
Unrealized		34		36		(344)		1

Schedule of notional volumes of derivatives

	Unit of	Economic Hedges
Commodity	Measure	September 30, 2023	December 31, 2022
Electricity options, swaps and forwards	Gigawatt hours	2,299	1,022
Natural gas options, swaps and forwards	Billion cubic feet	34	42
Congestion revenue rights	Gigawatt hours	30,770	44,028