v3.26.1
Investments
 6 Months Ended
Jun. 30, 2026
Regulated Entity, Other Assets, Noncurrent [Abstract]  
Investments Investments
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 CostsFair Values
(in millions)Longest
Maturity Dates		June 30,
2026		December 31,
2025		June 30,
2026		December 31,
2025
Municipal bonds2067$707 $718 $845 $899 
Government and agency securities20741,091 1,149 1,220 1,367 
Corporate bonds2072385 315 434 380 
Short-term investments and receivables/(payables)1
One-year203 200 122 (20)
Total debt securities and other$2,386 $2,382 2,621 2,626 
Equity securities2,163 1,909 
Total2
$4,784 $4,535 
1As of June 30, 2026 and December 31, 2025, short-term investments included $67 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 July 2, 2026 and January 2, 2026, respectively.
2Represents amounts before reduction for deferred tax liabilities on net unrealized gains of $517 million and $455 million as of June 30, 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 $2.2 billion and $2.0 billion at June 30, 2026 and December 31, 2025, respectively.
The following table summarizes the gains and losses for the trust investments:
Three months ended June 30,Six months ended June 30,
(in millions)2026202520262025
Gross realized gains$9 $22 $19 $46 
Gross realized losses(4)(5)(7)(6)
Net unrealized gains for equity securities302 146 239 86 
Due to regulatory mechanisms, changes in the assets of the trusts from income or loss items do not materially affect earnings.