SB 901 SECURITIZATION AND CUSTOMER CREDIT TRUST (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The Series 2022-A Recovery Bonds were issued in five tranches:

Tranche	Amount		Interest Rate		Due Date
A-1	$	540,000,000	3.594	%	June 1, 2032
A-2	$	540,000,000	4.263	%	June 1, 2038
A-3	$	360,000,000	4.377	%	June 3, 2041
A-4	$	1,260,000,000	4.451	%	December 1, 2049
A-5	$	900,000,000	4.674	%	December 1, 2053

The Series 2022-B Recovery Bonds were issued in five tranches:

Tranche	Amount		Interest Rate		Due Date
B-1	$	613,080,000	4.022	%	June 1, 2033
B-2	$	600,000,000	4.722	%	June 1, 2039
B-3	$	500,040,000	5.081	%	June 3, 2043
B-4	$	1,149,960,000	5.212	%	December 1, 2049
B-5	$	1,036,920,000	5.099	%	June 1, 2054

Schedule of Financial Statement Impact of Securitization

The following table illustrates the financial statement impact upon establishment of the regulatory asset and liability:

(in millions)
SB 901 securitization regulatory assets	$	5,500
SB 901 securitization regulatory liability	(5,540)
SB 901 securitization charges, net	$	(40)