Regulatory Assets and Liabilities

6 Months Ended

Jun. 30, 2021

Regulatory assets and liabilities were comprised of the following as of June 30, 2021 and December 31, 2020:


	Recovery Period	June 30, 2021		December 31, 2020
Regulatory Assets
Pension and retiree group health	Indefinitely	$	59,259	$	59,588
Property-related temporary differences (tax benefits flowed through to customers)	Indefinitely	120,941		120,365
Other accrued benefits	Indefinitely	22,933		21,692
Net WRAM and MCBA long-term accounts receivable	1 - 2 years	37,180		33,136
Asset retirement obligations, net	Indefinitely	22,143		21,110
IRMA long-term accounts receivable	1 year	22,197		14,705
Tank coating	10 years	13,880		14,018
Recoverable property losses	9 years	4,187		4,531
PCBA	1 year	19,807		19,647
Other components of net periodic benefit cost	Indefinitely	4,965		6,736
General district balancing account receivable	1 year	707		1,830
Low-income rate assistance (LIRA) and Rate support fund (RSF) accounts receivable	1 year	6,232		5,310
Other regulatory assets	Various	2,701		2,708
Total Regulatory Assets		$	337,132	$	325,376

Regulatory Liabilities
Future tax benefits due to customers		$	151,453	$	151,011
Retiree group health		18,472		18,472
HCBA		7,708		5,320
CEBA		5,126		3,837
Net WRAM and MCBA long-term payable		828		479
Other regulatory liabilities		1,102		1,599
Total Regulatory Liabilities		$	184,689	$	180,718

Short-term regulatory assets and liabilities are excluded from the above table.

The short-term regulatory assets were $84.6 million as of June 30, 2021 and $96.2 million as of December 31, 2020. These short-term regulatory assets primarily consist of net WRAM and MCBA, IRMA, and PCBA receivables

The short-term portions of regulatory liabilities were $24.8 million as of June 30, 2021 and $34.6 million as of December 31, 2020. The short-term regulatory liabilities as of June 30, 2021 and December 31, 2020 primarily consist of TCJA and HCBA refunds and TCP settlement proceeds