Regulatory Assets and Liabilities (Tables) (Southern California Edison)

6 Months Ended

Jun. 30, 2014

Southern California Edison

Regulatory Assets Included on the Consolidated Balance Sheets

SCE's regulatory assets included on the consolidated balance sheets are:



(in millions)	June 30, 2014		December 31, 2013
Current:
Regulatory balancing accounts	$	1,190	$	484
Energy derivatives	69		54
Other	6		—
Total current	1,265		538
Long-term:
Deferred income taxes, net	3,245		2,957
Pensions and other postretirement benefits	385		369
Energy derivatives	856		816
Unamortized investments, net	294		332
San Onofre	1,371		1,325
Unamortized loss on reacquired debt	211		222
Regulatory balancing accounts	643		818
Other	340		402
Total long-term	7,345		7,241
Total regulatory assets	$	8,610	$	7,779

Regulatory Liabilities Included on the Consolidated Balance Sheets

SCE's regulatory liabilities included on the consolidated balance sheets are:



(in millions)	June 30, 2014		December 31, 2013
Current:
Regulatory balancing accounts	$	787	$	724
Other	39		43
Total current	826		767
Long-term:
Costs of removal	2,822		2,780
Asset retirement obligations	1,815		1,071
Regulatory balancing accounts	1,094		1,132
San Onofre	483		—
Other	20		12
Total long-term	6,234		4,995
Total regulatory liabilities	$	7,060	$	5,762

Schedule of Regulatory Balancing Accounts

The following table summarizes the significant components of regulatory balancing accounts included in the above tables of regulatory assets and liabilities:



(in millions)	June 30, 2014			December 31, 2013
Asset (liability)
Energy resource recovery account	$	1,617		$	1,005
Four Corners memorandum account	4			145
New system generation balancing account	50			132
Public purpose programs and energy efficiency programs	(850		)	(1,037		)
Base rate recovery balancing account	(103		)	(247		)
Greenhouse gas auction revenue	(310		)	(385		)
FERC formula rates and FERC balancing accounts	(63		)	(59		)
FERC energy settlements	(179		)	—
Other	(214		)	(108		)
Net liability	$	(48	)	$	(554	)