ACCOUNTS RECEIVABLE

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

The following table presents the components of Accounts Receivable on the Condensed Consolidated Balance Sheets:

(in millions)	June 30, 2023		December 31, 2022
Retail	$	92	$	87
Retail, Unbilled	60		46
Retail, Allowance for Credit Losses	(9)		(9)
Wholesale (1)	32		132
Due from Affiliates (Note 5)	15		26
Other	15		39
Accounts Receivable	$	205	$	321

(1)Includes $8 million as of June 30, 2023, and $52 million as of December 31, 2022, of receivables related to revenue from derivative instruments.

ALLOWANCE FOR CREDIT LOSSES

TEP separately evaluates retail, wholesale, and other accounts receivable for credit losses and has not recorded an allowance for credit losses for non-retail accounts receivable. The allowance is estimated based on historical collection patterns, sales, current conditions, and reasonable and supportable forecasts. The following table presents the change in the balance of Retail, Allowance for Credit Losses included in Accounts Receivable on the Condensed Consolidated Balance Sheets:

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2023		2022		2023		2022
Beginning of Period	$	(8)	$	(9)	$	(9)	$	(10)
Credit Loss Expense	(1)		(1)		(2)		(1)
Write-offs	—		2		2		3
End of Period	$	(9)	$	(8)	$	(9)	$	(8)