v3.26.1
SB 901 SECURITIZATION AND CUSTOMER CREDIT TRUST (Tables)
6 Months Ended
Jun. 30, 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)
20262025
Balance at January 1
$5,089 $5,194 
Amortization
(76)(55)
Balance at June 30
$5,013 $5,139 

SB 901 securitization regulatory liability
(in millions)
20262025
Balance at January 1$(6,010)$(6,295)
Amortization
238194
Additions(1)
(3)(44)
Balance at June 30
$(5,775)$(6,145)
(1) Includes $3 million and $44 million of returns on investments in the customer credit trust expected to be credited to customers for each of the six months ended June 30, 2026 and 2025, respectively.