SB 901 SECURITIZATION AND CUSTOMER CREDIT TRUST (Tables)

6 Months Ended

Jun. 30, 2025

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)	2025		2024
Balance at January 1	$	5,194	$	5,249
Amortization	(55)		(19)
Balance at June 30	$	5,139	$	5,230

	SB 901 securitization regulatory liability
(in millions)	2025		2024
Balance at January 1	$	(6,295)	$	(6,628)
Amortization	194		180
Additions(1)	(44)		(9)
Balance at June 30	$	(6,145)	$	(6,457)

(1) Includes $44 million and $9 million of returns on investments in the customer credit trust expected to be credited to customers for the six months ended June 30, 2025 and 2024, respectively.