Regulatory Assets and Liabilities

6 Months Ended

Jun. 30, 2022

Regulatory assets and liabilities were comprised of the following as of June 30, 2022 and December 31, 2021:


	Recovery Period	June 30, 2022		December 31, 2021
Regulatory Assets
Pension and retiree group health	Indefinitely	$	17,278	$	17,607
Property-related temporary differences (tax benefits flowed through to customers)	Indefinitely	130,565		130,565
Other accrued benefits	Indefinitely	24,656		23,280
Net WRAM and MCBA long-term accounts receivable	1 - 2 years	37,581		29,789
Asset retirement obligations, net	Indefinitely	24,005		22,935
Interim rates memorandum account (IRMA) long-term accounts receivable	1 - 3 years	7,212		9,032
Tank coating	10 years	14,986		13,680
Recoverable property losses	Various	3,489		3,843
PCBA	1 year	20,040		21,500
Other components of net periodic benefit cost	Indefinitely	623		3,342
General district balancing account receivable	1 year	358		568
Customer assistance program (CAP) and Rate support fund (RSF) accounts receivable	1 year	3,262		5,991
Other regulatory assets	Various	3,570		3,560
Total Regulatory Assets		$	287,625	$	285,692

Regulatory Liabilities
Future tax benefits due to customers		$	134,378	$	135,027
Retiree group health		27,294		27,294
HCBA		12,713		9,687
CEBA		7,684		7,206
Net WRAM and MCBA long-term payable		479		143
Other regulatory liabilities		1,039		1,071
Total Regulatory Liabilities		$	183,587	$	180,428

Short-term regulatory assets and liabilities are excluded from the above table.

The short-term regulatory assets were $56.6 million as of June 30, 2022 and $78.6 million as of December 31, 2021. The short-term regulatory assets as of June 30, 2022 and December 31, 2021 primarily consist of net WRAM and MCBA, IRMA, and PCBA receivables.

The short-term portions of regulatory liabilities were $9.6 million as of June 30, 2022 and $17.5 million as of December 31, 2021. The short-term regulatory liabilities as of June 30, 2022 primarily consist of TCJA liabilities. As of December 31, 2021, short-term regulatory liabilities primarily consist of TCJA and HCBA liabilities.