Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Instruments

Schedule of derivative assets financial position

	June 30, 2024
	Derivative Assets		Derivative Liabilities
(in millions)	Short-Term1		Short-Term
Commodity derivative contracts
Gross amounts recognized	$	89	$	110
Gross amounts offset in the consolidated balance sheets		(10)		(10)
Cash collateral posted		—		(100)
Net amounts presented in the consolidated balance sheets	$	79	$	—

	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 June 30,					Six months ended June 30,
(in millions)		2024		2023		2024		2023
Realized	$	(55)	$	(7)	$	(126)	$	109
Unrealized		(9)		(114)		(37)		(378)

Schedule of notional volumes of derivatives

	Unit of	Economic Hedges
Commodity	Measure	June 30, 2024	December 31, 2023
Electricity options, swaps and forwards	Gigawatt hours	7,572	3,494
Natural gas options, swaps and forwards	Billion cubic feet	17	31
Congestion revenue rights	Gigawatt hours	18,571	35,011