v3.26.1
Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Gross and Net Fair Values of Commodity Derivative Instruments
The following table summarizes the gross and net fair values of SCE's commodity derivative instruments:
March 31, 2026
(in millions)
Derivative Assets
Short-Term1
Derivative Liabilities
Short-Term2
Commodity derivative contracts
Gross amounts recognized$19 $35 
Gross amounts offset in the condensed consolidated balance sheets(1)(1)
Cash collateral posted— (34)
Net amounts presented in the condensed consolidated balance sheets$18 $— 
December 31, 2025
(in millions)
Derivative Assets
Short-Term1
Derivative Liabilities
Short-Term2
Commodity derivative contracts
Gross amounts recognized$48 $57 
Cash collateral posted— (57)
Net amounts presented in the condensed consolidated balance sheets$48 $— 
1Included in "Other current assets" on SCE's condensed consolidated balance sheets.
2Included in "Other current liabilities" on SCE's condensed consolidated balance sheets.
Schedule of Gains/(Losses) of Economic Hedging Activity
The following table summarizes the gains/(losses) of SCE's economic hedging activity:
Three months ended March 31,
(in millions)20262025
Realized$(38)$(40)
Unrealized(8)(23)
Schedule of Notional Volumes of Derivative Instruments
The following table summarizes the notional volumes of derivatives used for SCE's economic hedging activities:
CommodityUnit of
Measure		Economic Hedges
March 31, 2026December 31, 2025
Electricity options, swaps and forwardsGigawatt hours6,0193,249
Natural gas options, swaps and forwardsBillion cubic feet24
Congestion revenue rightsGigawatt hours1,2325,566
Fin Toll arrangements
Gigawatt hours236228