SB 901 SECURITIZATION AND CUSTOMER CREDIT TRUST (Tables)

3 Months Ended

Mar. 31, 2026

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)	2026		2025
Balance at January 1	$	5,089	$	5,194
Amortization	(31)		(19)
Balance at March 31	$	5,058	$	5,175

	SB 901 securitization regulatory liability
(in millions)	2026		2025
Balance at January 1	$	(6,010)	$	(6,295)
Amortization	113		93
Additions(1)	(1)		(1)
Balance at March 31	$	(5,898)	$	(6,203)

(1) Includes $1 million of returns on investments in the customer credit trust expected to be credited to customers for each of the three months ended March 31, 2026 and 2025.