XML 71 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Recurring Fair Value Measurements) (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Assets at Fair Value            
Money market funds $ 5   $ 21      
Nuclear decommissioning trusts 3,810 3,853 3,592 3,657 3,619 3,480
Liabilities at Fair Value            
Percentage of equity investments located in the United States (as a percent) 67.00%   70.00%      
Collateralized mortgage obligations and other asset backed securities 44   22      
Receivables (payables) net related to investments (17)   25      
Cash surrender value of life insurance 98   81      
Stocks
           
Assets at Fair Value            
Nuclear decommissioning trusts 2,090   1,899      
Municipal bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 714   756      
U.S. government and agency securities
           
Assets at Fair Value            
Nuclear decommissioning trusts 549   580      
Corporate bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 382   317      
Level 3
           
Assets at Fair Value            
Total assets 113          
Liabilities at Fair Value            
Total liabilities 852          
Fair Value, Measurements, Recurring | Level 1
           
Assets at Fair Value            
Money market funds 5 [1]     21 [1]    
Derivative contracts 0     0    
Long-term disability plan 8     8    
Nuclear decommissioning trusts 2,481     2,332    
Total assets 2,494 [2]     2,361 [2]    
Liabilities at Fair Value            
Derivative contracts 0     0    
Total liabilities 0     0    
Net assets (liabilities) 2,494     2,361    
Fair Value, Measurements, Recurring | Level 1 | Electricity
           
Assets at Fair Value            
Derivative contracts 0     0    
Liabilities at Fair Value            
Derivative contracts 0     0    
Fair Value, Measurements, Recurring | Level 1 | Natural gas
           
Assets at Fair Value            
Derivative contracts       0    
Liabilities at Fair Value            
Derivative contracts 0     0    
Fair Value, Measurements, Recurring | Level 1 | CRRs
           
Assets at Fair Value            
Derivative contracts 0     0    
Fair Value, Measurements, Recurring | Level 1 | Tolling
           
Assets at Fair Value            
Derivative contracts       0    
Liabilities at Fair Value            
Derivative contracts 0     0    
Fair Value, Measurements, Recurring | Level 1 | Stocks
           
Assets at Fair Value            
Nuclear decommissioning trusts 2,090 [3]     1,899 [3]    
Fair Value, Measurements, Recurring | Level 1 | Municipal bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 0     0    
Fair Value, Measurements, Recurring | Level 1 | U.S. government and agency securities
           
Assets at Fair Value            
Nuclear decommissioning trusts 389     433    
Fair Value, Measurements, Recurring | Level 1 | Corporate bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 0 [4]     0 [4]    
Fair Value, Measurements, Recurring | Level 1 | Short-term investments, primarily cash equivalents
           
Assets at Fair Value            
Nuclear decommissioning trusts 2 [5]     0 [5]    
Fair Value, Measurements, Recurring | Level 2
           
Assets at Fair Value            
Money market funds 0 [1]     0 [1]    
Derivative contracts 2     5    
Long-term disability plan 0     0    
Nuclear decommissioning trusts 1,346     1,235    
Total assets 1,348 [2]     1,240 [2]    
Liabilities at Fair Value            
Derivative contracts 194     239    
Total liabilities 194     239    
Net assets (liabilities) 1,154     1,001    
Fair Value, Measurements, Recurring | Level 2 | Electricity
           
Assets at Fair Value            
Derivative contracts 2     0    
Liabilities at Fair Value            
Derivative contracts 0     5    
Fair Value, Measurements, Recurring | Level 2 | Natural gas
           
Assets at Fair Value            
Derivative contracts       5    
Liabilities at Fair Value            
Derivative contracts 194     234    
Fair Value, Measurements, Recurring | Level 2 | CRRs
           
Assets at Fair Value            
Derivative contracts 0     0    
Fair Value, Measurements, Recurring | Level 2 | Tolling
           
Assets at Fair Value            
Derivative contracts       0    
Liabilities at Fair Value            
Derivative contracts 0     0    
Fair Value, Measurements, Recurring | Level 2 | Stocks
           
Assets at Fair Value            
Nuclear decommissioning trusts 0 [3]     0 [3]    
Fair Value, Measurements, Recurring | Level 2 | Municipal bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 714     756    
Fair Value, Measurements, Recurring | Level 2 | U.S. government and agency securities
           
Assets at Fair Value            
Nuclear decommissioning trusts 160     147    
Fair Value, Measurements, Recurring | Level 2 | Corporate bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 382 [4]     317 [4]    
Fair Value, Measurements, Recurring | Level 2 | Short-term investments, primarily cash equivalents
           
Assets at Fair Value            
Nuclear decommissioning trusts 90 [5]     15 [5]    
Fair Value, Measurements, Recurring | Level 3
           
Assets at Fair Value            
Money market funds 0 [1]     0 [1]    
Derivative contracts 113     133    
Long-term disability plan 0     0    
Nuclear decommissioning trusts 0     0    
Total assets 113 [2]     133 [2]    
Liabilities at Fair Value            
Derivative contracts 852     887    
Total liabilities 852     887    
Net assets (liabilities) (739)     (754)    
Fair Value, Measurements, Recurring | Level 3 | Electricity
           
Assets at Fair Value            
Derivative contracts 21     1    
Liabilities at Fair Value            
Derivative contracts 21     65    
Fair Value, Measurements, Recurring | Level 3 | Natural gas
           
Assets at Fair Value            
Derivative contracts       0    
Liabilities at Fair Value            
Derivative contracts 28     23    
Fair Value, Measurements, Recurring | Level 3 | CRRs
           
Assets at Fair Value            
Derivative contracts 92     122    
Fair Value, Measurements, Recurring | Level 3 | Tolling
           
Assets at Fair Value            
Derivative contracts       10    
Liabilities at Fair Value            
Derivative contracts 803     799    
Fair Value, Measurements, Recurring | Level 3 | Stocks
           
Assets at Fair Value            
Nuclear decommissioning trusts 0 [3]     0 [3]    
Fair Value, Measurements, Recurring | Level 3 | Municipal bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 0     0    
Fair Value, Measurements, Recurring | Level 3 | U.S. government and agency securities
           
Assets at Fair Value            
Nuclear decommissioning trusts 0     0    
Fair Value, Measurements, Recurring | Level 3 | Corporate bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 0 [4]     0 [4]    
Fair Value, Measurements, Recurring | Level 3 | Short-term investments, primarily cash equivalents
           
Assets at Fair Value            
Nuclear decommissioning trusts 0 [5]     0 [5]    
Fair Value, Measurements, Recurring | Netting and Collateral
           
Assets at Fair Value            
Money market funds 0 [1],[6]     0 [1],[6]    
Derivative contracts (11) [6]     (3) [6]    
Long-term disability plan 0 [6]     0 [6]    
Nuclear decommissioning trusts 0 [6]     0 [6]    
Total assets (11) [2],[6]     (3) [2],[6]    
Liabilities at Fair Value            
Derivative contracts (77) [6]     (55) [6]    
Total liabilities (77) [6]     (55) [6]    
Net assets (liabilities) 66 [6]     52 [6]    
Fair Value, Measurements, Recurring | Netting and Collateral | Electricity
           
Assets at Fair Value            
Derivative contracts (11) [6]     0 [6]    
Liabilities at Fair Value            
Derivative contracts (11) [6]     (2) [6]    
Fair Value, Measurements, Recurring | Netting and Collateral | Natural gas
           
Assets at Fair Value            
Derivative contracts       (3) [6]    
Liabilities at Fair Value            
Derivative contracts (66) [6]     (53) [6]    
Fair Value, Measurements, Recurring | Netting and Collateral | CRRs
           
Assets at Fair Value            
Derivative contracts    [6]     0 [6]    
Fair Value, Measurements, Recurring | Netting and Collateral | Tolling
           
Assets at Fair Value            
Derivative contracts       0 [6]    
Liabilities at Fair Value            
Derivative contracts 0 [6]     0 [6]    
Fair Value, Measurements, Recurring | Netting and Collateral | Stocks
           
Assets at Fair Value            
Nuclear decommissioning trusts 0 [3],[6]     0 [3],[6]    
Fair Value, Measurements, Recurring | Netting and Collateral | Municipal bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 0 [6]     0 [6]    
Fair Value, Measurements, Recurring | Netting and Collateral | U.S. government and agency securities
           
Assets at Fair Value            
Nuclear decommissioning trusts 0 [6]     0 [6]    
Fair Value, Measurements, Recurring | Netting and Collateral | Corporate bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 0 [4],[6]     0 [4],[6]    
Fair Value, Measurements, Recurring | Netting and Collateral | Short-term investments, primarily cash equivalents
           
Assets at Fair Value            
Nuclear decommissioning trusts 0 [5],[6]     0 [5],[6]    
Fair Value, Measurements, Recurring | Total
           
Assets at Fair Value            
Money market funds 5 [1]     21 [1]    
Derivative contracts 104     135    
Long-term disability plan 8     8    
Nuclear decommissioning trusts 3,827     3,567    
Total assets 3,944 [2]     3,731 [2]    
Liabilities at Fair Value            
Derivative contracts 969     1,071    
Total liabilities 969     1,071    
Net assets (liabilities) 2,975     2,660    
Fair Value, Measurements, Recurring | Total | Electricity
           
Assets at Fair Value            
Derivative contracts 12     1    
Liabilities at Fair Value            
Derivative contracts 10     68    
Fair Value, Measurements, Recurring | Total | Natural gas
           
Assets at Fair Value            
Derivative contracts       2    
Liabilities at Fair Value            
Derivative contracts 156     204    
Fair Value, Measurements, Recurring | Total | CRRs
           
Assets at Fair Value            
Derivative contracts 92     122    
Fair Value, Measurements, Recurring | Total | Tolling
           
Assets at Fair Value            
Derivative contracts       10    
Liabilities at Fair Value            
Derivative contracts 803     799    
Fair Value, Measurements, Recurring | Total | Stocks
           
Assets at Fair Value            
Nuclear decommissioning trusts 2,090 [3]     1,899 [3]    
Fair Value, Measurements, Recurring | Total | Municipal bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 714     756    
Fair Value, Measurements, Recurring | Total | U.S. government and agency securities
           
Assets at Fair Value            
Nuclear decommissioning trusts 549     580    
Fair Value, Measurements, Recurring | Total | Corporate bonds
           
Assets at Fair Value            
Nuclear decommissioning trusts 382 [4]     317 [4]    
Fair Value, Measurements, Recurring | Total | Short-term investments, primarily cash equivalents
           
Assets at Fair Value            
Nuclear decommissioning trusts $ 92 [5]     $ 15 [5]    
[1] Money market funds are included in cash and cash equivalents on SCE's consolidated balance sheets.
[2] Excludes other investments of $98 million and $81 million at June 30, 2012 and December 31, 2011, respectively, primarily related to the cash surrender value of company owned life insurance investments which are used to fund certain executive benefits including deferred compensation.
[3] Approximately 67% and 70% of the equity investments were located in the United States at June 30, 2012 and December 31, 2011, respectively.
[4] At June 30, 2012 and December 31, 2011, corporate bonds were diversified and included collateralized mortgage obligations and other asset backed securities of $44 million and $22 million, respectively.
[5] Excludes net payables of $17 million and net receivables of $25 million at June 30, 2012 and December 31, 2011, respectively, of interest and dividend receivables as well as receivables and payables related to pending securities sales and purchases.
[6] Represents the netting of assets and liabilities under master netting agreements and cash collateral across the levels of the fair value hierarchy. Netting among positions classified within the same level is included in that level.