Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments

Schedule of derivatives financial position

	December 31, 2023
	Derivative Assets		Derivative Liabilities
(in millions)	Short-Term1		Short-Term2
Commodity derivative contracts
Gross amounts recognized	$	94	$	77
Gross amounts offset in the consolidated balance sheets		(3)		(3)
Cash collateral posted		—		(74)
Net amounts presented in the consolidated balance sheets	$	91	$	—

	December 31, 2022
	Derivative Assets		Derivative Liabilities
(in millions)	Short-Term1		Short-Term2
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 current liabilities" on SCE's consolidated balance sheets.

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

The following table summarizes the gains/(losses) of SCE's economic hedging activity:

		Years ended December 31,
(in millions)		2023		2022		2021
Realized	$	(14)	$	178	$	200
Unrealized		(322)		310		(75)

Schedule of notional volumes of derivatives

The following table summarizes the notional volumes of derivatives used for SCE's economic hedging activities:

		Economic Hedges
	Unit of	December 31,
Commodity	Measure	2023	2022
Electricity options, swaps and forwards	Gigawatt hours	3,494	1,022
Natural gas options, swaps and forwards	Billion cubic feet	31	42
Congestion revenue rights	Gigawatt hours	35,011	44,028