
	Recovery Period	June 30, 2026		December 31, 2025
Regulatory Assets
Property-related temporary differences (tax benefits flowed through to customers)	Indefinite	$	199,465	$	199,465
M-WRAM long-term regulatory asset	1 - 2 years	24,152		12,876
IRMA long-term accounts receivable	Various	21,216		22,077
Other accrued benefits	Indefinite	28,398		26,263
Asset retirement obligations, net	Indefinite	31,577		30,073
Tank coating	Various	18,584		19,495
General District Balancing Account (GDBA) long-term accounts receivable	Various	588		9,844
Customer Assistance Program and Rate Support Fund accounts receivable	1 year	254		2,651
Net WRAM and Modified Cost Balancing Account (MCBA) long-term accounts receivable		—		4,078
Incremental Cost Balancing Accounts (ICBA)	1 year	3,646		4,722
Recoverable property losses	Various	1,765		2,051
Other regulatory assets	Various	5,064		6,270
Total Regulatory Assets		$	334,709	$	339,865
Regulatory Liabilities
Cost of removal		$	537,504	$	523,813
Pension and retiree group health		217,692		219,133
Future tax benefits due to customers		102,508		103,662
Other components of net periodic benefit cost		28,214		24,248
ICBA		4,257		2,144
PFAS settlement proceeds		4,293		25,193
Pension Cost Balancing Account (PCBA)		1,247		17,837
Conservation Expense Balancing Account (CEBA)		3,153		5,202
Net WRAM and MCBA long-term payable		—		3,117
Health Cost Balancing Account (HCBA)		1,835		4,149
Other regulatory liabilities		3,202		1,316
Total Regulatory Liabilities		$	903,905	$	929,814

Short-term regulatory assets and liabilities are excluded from the above table. The short-term regulatory assets were $91.1 million as of June 30, 2026 and $72.5 million as of December 31, 2025. The short-term regulatory assets as of June 30, 2026 primarily consisted of IRMA, M-WRAM, GDBA, and ICBA receivables. As of December 31, 2025, the short-term regulatory assets primarily consisted of IRMA, M-WRAM, and ICBA receivables.

The short-term portion of regulatory liabilities was $94.2 million as of June 30, 2026 and $25.5 million as of December 31, 2025. The short-term regulatory liabilities as of June 30, 2026 consisted of PFAS settlement proceeds (see Note 9 of the Notes to Unaudited Condensed Consolidated Financial Statements), PCBA regulatory liabilities, CEBA regulatory liabilities, HCBA regulatory liabilities, and ICBA regulatory liabilities. As of December 31, 2025, the short-term regulatory liabilities primarily consisted of TCJA regulatory liabilities, ICBA regulatory liabilities, and PFAS settlement proceeds.