SB 901 SECURITIZATION AND CUSTOMER CREDIT TRUST (Tables)

6 Months Ended

Jun. 30, 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	(19)		(82)
Balance at June 30	$	5,230	$	5,296

	SB 901 securitization regulatory liability
(in millions)	2024		2023
Balance at January 1	$	(6,628)	$	(5,800)
Amortization	180		240
Additions(1)	(9)		(567)
Balance at June 30	$	(6,457)	$	(6,127)

(1) Includes $9 million and $5 million of returns on investments in the customer credit trust expected to be credited to customers for the six months ended June 30, 2024 and 2023, respectively.