Regulatory Assets and Liabilities

6 Months Ended

Jun. 30, 2023

Regulated Operations [Abstract]

Regulatory Assets and Liabilities

Regulatory Assets and Liabilities

Regulatory assets and liabilities were comprised of the following as of June 30, 2023 and December 31, 2022:

	Recovery Period	June 30, 2023		December 31, 2022
Regulatory Assets
Retiree group health	Indefinite	$	—	$	171
Property-related temporary differences (tax benefits flowed through to customers)	Indefinite	143,546		143,546
Other accrued benefits	Indefinite	26,085		24,946
Net WRAM and MCBA long-term accounts receivable	Various	45,034		41,558
Asset retirement obligations, net	Indefinite	26,129		24,548
Interim rates memorandum account (IRMA) long-term accounts receivable	1 - 2 years	3,416		3,682
Tank coating	Various	18,920		16,395
Recoverable property losses	Various	2,890		3,144
PCBA	Various	3,933		19,091
General district balancing account receivable	1 year	387		377
Customer assistance program (CAP) and Rate support fund (RSF) accounts receivable	1 year	3,281		2,965
Other regulatory assets	Various	2,971		3,197
Total Regulatory Assets		$	276,592	$	283,620
Regulatory Liabilities
Future tax benefits due to customers		$	131,218	$	131,155
Pension and retiree group health		58,678		58,678
HCBA		3,041		14,318
PCBA		3,862		—
CEBA		912		6,036
Net WRAM and MCBA long-term payable		1,826		172
Other components of net periodic benefit cost		6,040		2,475
Other regulatory liabilities		1,394		845
Total Regulatory Liabilities		$	206,971	$	213,679

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

The short-term regulatory assets were $61.3 million as of June 30, 2023 and $66.8 million as of December 31, 2022. The short-term regulatory assets as of June 30, 2023 primarily consist of net WRAM and MCBA and PCBA receivables. As of December 31, 2022, the short-term regulatory assets primarily consist of net WRAM and MCBA, IRMA, and PCBA receivables.

The short-term portions of regulatory liabilities were $29.3 million as of June 30, 2023 and $12.2 million as of December 31, 2022. The short-term regulatory liabilities as of June 30, 2023 primarily consist of TCJA, HCBA and CEBA liabilities. As of December 31, 2022, the short-term regulatory liabilities primarily consist of TCJA liabilities.