SB 901 SECURITIZATION AND CUSTOMER CREDIT TRUST (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Financial Statement Impact of Securitization

The following tables illustrate the changes in the SB 901 securitization’s impact on the Utility’s regulatory assets and liabilities since December 31, 2022:

SB 901 securitization regulatory asset (in millions)
Balance at December 31, 2022	$	5,378
Amortization	(126)
Balance at September 30, 2023	$	5,252

SB 901 securitization regulatory liability (in millions)
Balance at December 31, 2022	$	(5,800)
Amortization	377
Additions(1)	(910)
Balance at September 30, 2023	$	(6,333)

(1) Includes $2 million of expected returns on investments in the customer credit trust to be credited to customers.