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Regulatory Matters | 6 Months Ended
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Jun. 30, 2022
Regulated Operations [Abstract] |
Regulatory Matters | Regulatory Matters Regulatory assets, net are comprised of the following as of June 30, 2022, and December 31, 2021:
|  | June 30, 2022 |  | December 31, 2021
Regulatory assets: |  |  |  |
Income tax temporary differences, net |  | $ | 25,946 |  |  | 22,420 |
Postretirement pensions and other postretirement benefits |  | 64,022 |  |  | 62,197 |
Business combinations debt premium, net |  | 18,667 |  |  | 19,937 |
Balancing and memorandum accounts, net |  | 24,772 |  |  | 38,334 |
Water Rate Adjustment |  | (1,176) |  |  | 2,588 |
Other, net |  | 9,922 |  |  | 9,145 |
Total regulatory assets, net in Condensed Consolidated Balance Sheets |  | 142,153 |  |  | 154,621 |
Less: current regulatory assets, net |  | 2,841 |  |  | 2,629 |
Total regulatory assets, net, less current portion |  | $ | 139,312 |  |  | 151,992 |
As of June 30, 2022, and December 31, 2021, SJW Group’s regulatory assets, net not earning a return primarily included postretirement pensions and other medical benefits unfunded amount, and business combination debt premiums, net. The total amount of regulatory assets, net not earning a return at June 30, 2022, and December 31, 2021, either by interest on the regulatory asset/liability or as a component of rate base at the allowed rate of return was $85,798 and $84,887, respectively. Balancing and Memorandum Accounts SJWC has established balancing accounts for the purpose of tracking the under-collection or over-collection associated with expense changes and revenue authorized by the CPUC to offset those expense changes. SJWC also maintains memorandum accounts to track revenue impacts due to catastrophic events, certain unforeseen water quality expenses related to new federal and state water quality standards, energy efficiency, water conservation, water tariffs, and other approved activities or as directed by the CPUC. The Monterey Water Revenue Adjustment Mechanism (“MWRAM”) tracks the difference between the revenue received for actual metered sales through the tiered volumetric rate and the revenue that would have been received with the same actual metered sales if a uniform rate would have been in effect. The Water Conservation Memorandum Account (“WCMA”) allows SJWC to track lost revenue, net of related water costs, associated with reduced sales due to water conservation and associated calls for water use reductions. SJWC records the lost revenue captured in the WCMA balancing accounts. Drought surcharges collected will be used to offset the revenue losses tracked in the WCMA. Balancing and memorandum accounts recorded to regulatory assets, net for the three and six months ended June 30, 2022, and 2021 as follows:
| Three months ended June 30, 2022 |  | Three months ended June 30, 2021
Beginning Balance |  | Regulatory Asset Increase (Decrease) |  | Refunds (Collections) Adjustments |  |  |  | Ending Balance |  | Beginning Balance |  | Regulatory Asset Increase (Decrease) |  | Refunds (Collections) Adjustments |  |  |  | Ending Balance
Revenue accounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
MWRAM | $ | 19,060 |  |  | 2,036 |  |  | — |  |  |  |  | 21,096 |  |  | $ | 13,853 |  |  | 1,424 |  |  | 1 |  |  |  |  | 15,278 |
WCMA | (3,061) |  |  | (1,000) |  |  | (10,900) |  |  |  |  | (14,961) |  |  | 666 |  |  | — |  |  | 2 |  |  |  |  | 668 |
Cost of capital memorandum account | (1,564) |  |  | (4) |  |  | — |  |  |  |  | (1,568) |  |  | (1,561) |  |  | (1) |  |  | — |  |  |  |  | (1,562) |
All others | (73) |  |  | 490 |  |  | — |  |  |  |  | 417 |  |  | (1,313) |  |  | 147 |  |  | 2 |  |  |  |  | (1,164) |
Total revenue accounts | $ | 14,362 |  |  | 1,522 |  |  | (10,900) |  |  |  |  | 4,984 |  |  | $ | 11,645 |  |  | 1,570 |  |  | 5 |  |  |  |  | 13,220 |
Cost-recovery accounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Water supply costs | 10,789 |  |  | 322 |  |  | — |  |  |  |  | 11,111 |  |  | 8,910 |  |  | 984 |  |  | 1 |  |  |  |  | 9,895 |
Pension | 5,006 |  |  | 63 |  |  | — |  |  |  |  | 5,069 |  |  | 3,844 |  |  | 366 |  |  | — |  |  |  |  | 4,210 |
Hydro Generation Research, Development and Demonstration Memorandum Account (“PRVMA”) | 632 |  |  | 1 |  |  | (90) |  |  |  |  | 543 |  |  | 1,027 |  |  | — |  |  | (99) |  |  |  |  | 928 |
COVID-19 Catastrophic Event Memorandum Account (“CEMA”) | 2,438 |  |  | 148 |  |  | — |  |  |  |  | 2,586 |  |  | 2,266 |  |  | 352 |  |  | — |  |  |  |  | 2,618 |
All others | 573 |  |  | (94) |  |  | — |  |  |  |  | 479 |  |  | 445 |  |  | 1 |  |  | — |  |  |  |  | 446 |
Total cost-recovery accounts | $ | 19,438 |  |  | 440 |  |  | (90) |  |  |  |  | 19,788 |  |  | $ | 16,492 |  |  | 1,703 |  |  | (98) |  |  |  |  | 18,097 |
Total | $ | 33,800 |  |  | 1,962 |  |  | (10,990) |  |  |  |  | 24,772 |  |  | $ | 28,137 |  |  | 3,273 |  |  | (93) |  |  |  |  | 31,317 |
| Six months ended June 30, 2022 |  | Six months ended June 30, 2021
Beginning Balance |  | Regulatory Asset Increase (Decrease) |  | Refunds (Collections) Adjustments |  |  |  | Ending Balance |  | Beginning Balance |  | Regulatory Asset Increase (Decrease) |  | Refunds (Collections) Adjustments |  |  |  | Ending Balance
Revenue accounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
MWRAM | $ | 16,866 |  |  | 4,229 |  |  | 1 |  |  |  |  | 21,096 |  |  | $ | 12,077 |  |  | 3,200 |  |  | 1 |  |  |  |  | 15,278 |
WCMA | 3,534 |  |  | (1,100) |  |  | (17,395) |  |  |  |  | (14,961) |  |  | 666 |  |  | — |  |  | 2 |  |  |  |  | 668 |
Cost of capital memorandum account | (1,563) |  |  | (5) |  |  | — |  |  |  |  | (1,568) |  |  | (1,561) |  |  | (1) |  |  | — |  |  |  |  | (1,562) |
All others | (386) |  |  | 802 |  |  | 1 |  |  |  |  | 417 |  |  | (1,139) |  |  | (28) |  |  | 3 |  |  |  |  | (1,164) |
Total revenue accounts | $ | 18,451 |  |  | 3,926 |  |  | (17,393) |  |  |  |  | 4,984 |  |  | $ | 10,043 |  |  | 3,171 |  |  | 6 |  |  |  |  | 13,220 |
Cost-recovery accounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Water supply costs | 10,545 |  |  | 566 |  |  | — |  |  |  |  | 11,111 |  |  | 8,123 |  |  | 1,771 |  |  | 1 |  |  |  |  | 9,895 |
Pension | 4,941 |  |  | 128 |  |  | — |  |  |  |  | 5,069 |  |  | 3,478 |  |  | 732 |  |  | — |  |  |  |  | 4,210 |
PRVMA | 707 |  |  | 2 |  |  | (166) |  |  |  |  | 543 |  |  | 1,108 |  |  | — |  |  | (180) |  |  |  |  | 928 |
CEMA | 3,245 |  |  | (659) |  |  | — |  |  |  |  | 2,586 |  |  | 2,266 |  |  | 352 |  |  | — |  |  |  |  | 2,618 |
All others | 445 |  |  | 34 |  |  | — |  |  |  |  | 479 |  |  | 445 |  |  | 1 |  |  | — |  |  |  |  | 446 |
Total cost-recovery accounts | $ | 19,883 |  |  | 71 |  |  | (166) |  |  |  |  | 19,788 |  |  | $ | 15,420 |  |  | 2,856 |  |  | (179) |  |  |  |  | 18,097 |
Total | $ | 38,334 |  |  | 3,997 |  |  | (17,559) |  |  |  |  | 24,772 |  |  | $ | 25,463 |  |  | 6,027 |  |  | (173) |  |  |  |  | 31,317 |
All balancing accounts and memorandum-type accounts not included for recovery or refund in the current general rate case will be reviewed by the CPUC in SJWC’s next general rate case or at the time an individual account balance reaches a threshold of 2% of authorized revenue, whichever occurs first.

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- Definition The entire disclosure for detailed information about regulatory assets and liabilities, including current and noncurrent assets created when regulatory agencies permit the deferral of costs to the balance sheet that would otherwise be required to appear on the company's income statement and would be charged against current expenses or revenues, as well as current and noncurrent liabilities created when regulatory agencies permit. + References No definition available. + Details
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