Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments

Schedule of derivative assets financial position

	September 30, 2024
	Derivative Assets				Derivative Liabilities
(in millions)	Short-Term1		Long-Term2		Short-Term
Commodity derivative contracts
Gross amounts recognized	$	42	$	5	$	87
Gross amounts offset in the consolidated balance sheets		(10)		—		(10)
Cash collateral posted		—		—		(77)
Net amounts presented in the consolidated balance sheets	$	32	$	5	$	—

	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.

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

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

	Three months ended September 30,					Nine months ended September 30,
(in millions)		2024		2023		2024		2023
Realized	$	(187)	$	(57)	$	(313)	$	52
Unrealized		(19)		34		(56)		(344)

Schedule of notional volumes of derivatives

	Unit of	Economic Hedges
Commodity	Measure	September 30, 2024	December 31, 2023
Electricity options, swaps and forwards	Gigawatt hours	5,363	3,494
Natural gas options, swaps and forwards	Billion cubic feet	10	31
CRRs	Gigawatt hours	15,824	35,011