SB 901 SECURITIZATION AND CUSTOMER CREDIT TRUST (Tables)

3 Months Ended

Mar. 31, 2024

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:

	SB 901 securitization regulatory asset
(in millions)	2024		2023
Balance at January 1	$	5,249	$	5,378
Amortization	(2)		(49)
Balance at March 31	$	5,247	$	5,329

	SB 901 securitization regulatory liability
(in millions)	2024		2023
Balance at January 1	$	(6,628)	$	(5,800)
Amortization	82		136
Additions(1)	(4)		(273)
Balance at March 31	$	(6,550)	$	(5,937)

(1) Includes $4 million and $0 million of expected returns on investments in the customer credit trust to be credited to customers for the three months ended March 31, 2024 and March 31, 2023, respectively.