Balance Sheet Components

12 Months Ended

Dec. 31, 2022

BALANCE SHEET COMPONENTS

Accounts Receivable, Net

Accounts receivable, net includes $131 million and $117 million of unbilled revenues as of December 31, 2022 and 2021, respectively. Accounts receivable is net of an allowance for uncollectible accounts of $12 million as of December 31, 2022 and $26 million as of December 31, 2021. The following is the activity in the allowance for uncollectible accounts (in millions):


	Years Ended December 31,
	2022		2021		2020
Balance as of beginning of year	$	26	$	16	$	5
(Decrease)/Increase in provision *	(2)		35		15
Amounts written off, less recoveries	(12)		(25)		(4)
Balance as of end of year	$	12	$	26	$	16

* Pursuant to the Company’s COVID-19 deferral, certain decreases and increases in the provision for bad debt have been deferred as a net Regulatory Asset. Of the amounts recorded as decreases and increases in the provision, reductions of $10 million and increases of $29 million for the years ended December 31, 2022 and December 31, 2021, respectively, have been offset within the COVID-19 Regulatory Asset. See Note 7, Regulatory Assets and Liabilities for more information.

Other Current Assets and Accrued Expenses and Other Current Liabilities

Other current assets and Accrued expenses and other current liabilities consist of the following (in millions):


	As of December 31,
	2022		2021
Other current assets:
Prepaid expenses	$	69	$	66


Margin deposits	116		37
Assets from price risk management activities	313		102

	$	498	$	205
Accrued expenses and other current liabilities:
Regulatory liabilities—current	$	234	$	106
Accrued employee compensation and benefits	66		67
Accrued dividends payable	42		40
Accrued interest payable	31		29
Accrued taxes payable	29		46
Margin deposits from wholesale counterparties	140		58
Other	99		111
	$	641	$	457

Electric Utility Plant, Net

Electric utility plant, net consist of the following (in millions):


	As of December 31,
	2022		2021
Electric utility plant:
Generation	$	4,709	$	4,649
Transmission	1,119		1,012
Distribution	4,813		4,469
General	973		914
Intangible	807		794
Total in service	12,421		11,838
Accumulated depreciation and amortization	(4,423)		(4,146)
Total in service, net	7,998		7,692
Construction work-in-progress	467		313
Electric utility plant, net	$	8,465	$	8,005