Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments

Schedule of derivative assets financial position

	March 31, 2024
	Derivative Assets		Derivative Liabilities
(in millions)	Short-Term1		Short-Term
Commodity derivative contracts
Gross amounts recognized	$	83	$	94
Gross amounts offset in the consolidated balance sheets		(3)		(3)
Cash collateral posted		—		(91)
Net amounts presented in the consolidated balance sheets	$	80	$	—

	December 31, 2023
	Derivative Assets		Derivative Liabilities
(in millions)	Short-Term1		Short-Term
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	$	—

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

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

	Three months ended March 31,
(in millions)		2024		2023
Realized	$	(71)	$	116
Unrealized		(28)		(264)

Schedule of notional volumes of derivatives

	Unit of	Economic Hedges
Commodity	Measure	March 31, 2024	December 31, 2023
Electricity options, swaps and forwards	Gigawatt hours	5,533	3,494
Natural gas options, swaps and forwards	Billion cubic feet	22	31
Congestion revenue rights	Gigawatt hours	27,612	35,011