Future decommissioning costs related to SCE's nuclear assets are expected to be funded from independent decommissioning trusts.

The following table sets forth amortized cost and fair value of the trust investments (see Note 4 for a discussion on fair value of the trust investments):


		Amortized Costs				Fair Values
(in millions)	Longest Maturity Dates	March 31, 2026		December 31, 2025		March 31, 2026		December 31, 2025
Municipal bonds	2067	$	720	$	718	$	841	$	899
Government and agency securities	2074	1,121		1,149		1,246		1,367
Corporate bonds	2072	347		315		388		380
Short-term investments and receivables/(payables)1	One-year	188		200		134		(20)
Total debt securities and other		$	2,376	$	2,382	2,609		2,626
Equity securities						1,848		1,909
Total2						$	4,457	$	4,535

1As of March 31, 2026 and December 31, 2025, short-term investments included $22 million and $27 million of repurchase agreement payable by financial institutions which earned interest, were fully secured by U.S. Treasury securities, and mature by April 1, 2026 and January 2, 2026, respectively.

2Represents amounts before reduction for deferred tax liabilities on net unrealized gains of $433 million and $455 million as of March 31, 2026 and December 31, 2025, respectively.

Trust fund earnings (based on specific identification) increase the trust fund balance and the ARO regulatory liability. Unrealized holding gains, net of losses, were $1.9 billion and $2.0 billion at March 31, 2026 and December 31, 2025, respectively.


	Three months ended March 31,
(in millions)		2026		2025
Gross realized gains		$	10	$	24
Gross realized losses		(3)		(1)
Net unrealized losses for equity securities		(63)		(60)

Due to regulatory mechanisms, changes in the assets of the trusts from income or loss items do not materially affect earnings.