SB 901 SECURITIZATION AND CUSTOMER CREDIT TRUST (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Financial Statement Impact of Securitization

The following tables illustrate the changes in the SB 901 securitization’s impact on the Utility’s regulatory assets and liabilities:

	SB 901 securitization regulatory asset
(in millions)	2024		2023
Balance at January 1	$	5,249	$	5,378
Amortization	(48)		(126)
Balance at September 30	$	5,201	$	5,252

	SB 901 securitization regulatory liability
(in millions)	2024		2023
Balance at January 1	$	(6,628)	$	(5,800)
Amortization	289		377
Additions(1)	(53)		(910)
Balance at September 30	$	(6,392)	$	(6,333)

(1) Includes $20 million and $2 million of returns on investments in the customer credit trust expected to be credited to customers for the nine months ended September 30, 2024 and 2023, respectively.