XML 45 R30.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Regulatory Matters (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Regulated Operations [Abstract] |
Schedule of Regulatory Assets, Net | Regulatory assets and liabilities are comprised of the following as of December 31:
| 2023 |  | 2022
Regulatory assets: |  |  |
Income tax temporary differences (a) | $ | 157,669 |  |  | 137,860 |
Unrecognized pensions and other postretirement benefits (b) | 24,593 |  |  | 45,799 |
Business combinations debt premium (c) | 14,855 |  |  | 17,396 |
Employee benefit costs (d) | 9,815 |  |  | 8,068 |
MWRAM (e) | 9,361 |  |  | 10,864 |
Customer Assistance Program (“CAP”) balancing account (f) | 5,457 |  |  | 3,417 |
Catastrophic event memorandum accounts (“CEMA”) (g) | 4,819 |  |  | 3,485 |
2022 general rate case interim memorandum account (h) | 4,571 |  |  | 20,650 |
Water supply costs (i) | 583 |  |  | 9,873 |
Other (j) | 8,463 |  |  | 8,363 |
Total regulatory assets | 240,186 |  |  | 265,775 |
Less: current regulatory asset (k) | 4,276 |  |  | 19,740 |
Total regulatory assets, less current portion | $ | 235,910 |  |  | 246,035 |
Regulatory liabilities: |  |  |
Cost of removal (l) | $ | 346,418 |  |  | — |
Future income tax benefits due to customers (m) | 88,610 |  |  | 94,426 |
Unrecognized pensions and other postretirement benefits (b) | 20,196 |  |  | 14,307 |
Revenue adjustment mechanisms (n) | 5,536 |  |  | 9,528 |
Other (o) | 3,407 |  |  | 4,171 |
Total regulatory liabilities | 464,167 |  |  | 122,432 |
Less: current regulatory liabilities (p) | 3,059 |  |  | 3,672 |
Total regulatory liabilities, less current portion | $ | 461,108 |  |  | 118,760 |
___________________________________ (a)Consists primarily of temporary income tax differences that are flowed through to customers, which will be recovered in future rates as these temporary differences reverse. The company expects to recover regulatory assets related to plant depreciation income tax temporary differences over the lives of the plant assets, which are between 4 to 100 years. (b)Represents actuarial losses and gains and prior service cost that have not yet been recognized as components of net periodic benefit cost for certain pension and other postretirement benefit plans. (c)Consists of debt fair value adjustments recognized through purchase accounting for the completed merger with CTWS in 2019. (d)Includes deferrals of pension and other postretirement benefit expense and cost of accrued benefits for vacation. (e)MWRAM is described in the previous section. (f)Represents costs associated with SJWC’s CAP. (g)Primarily related to increased bad debt expenses associated with SJWC’s response to COVID-19. The CPUC has authorized water utilities to activate CEMA accounts in order to track savings and costs related to SJWC’s response to catastrophic events, which includes external labor and materials, increases in bad debt from suspension of shutoffs for non-payment, waived deposits and reconnection fees, and divergence from actual versus authorized usage. (h)Represents the difference between revenues collected in interim rates in effect as of January 1, 2022 and revenues that would result from rates authorized in SJWC’s 2022 general rate case retroactive to January 1, 2022. (i)Reflects differences in actual water supply costs compared to amounts assumed in setting rates, including applicable changes and variations in costs and quantities that affect the overall mix of the water supply. (j)Other includes other balancing and memorandum accounts and regulatory mechanisms, deferred costs for certain information technology activities, asset retirement obligations and rate case expenses. (k)As of December 31, 2023, primarily relates to MWRAM. As of December 31, 2022, primarily relates to the 2022 general rate case interim memorandum account. (l)Represents amounts collected in rates from customers for estimated costs to retire assets at the end of their expected useful lives before the costs are incurred. During 2023, the Company completed a new depreciation study and as of December 31, 2023, recorded a classification adjustment of $346,418 as cost of removal regulatory liabilities. As of December 31, 2022, cost of removal regulatory liabilities of $316,647 are included in net utility plant - accumulated depreciation and amortization. Management has concluded a classification adjustment to the prior year balance sheet is not necessary because the impact is immaterial. (m)On December 22, 2017 the Tax Act was signed into law. The Tax Act included a reduction in the federal income tax rate from 35% to 21%. The rate reduction was effective on January 1, 2018 and resulted in a regulatory liability for the excess deferred income taxes. The benefit of amortization of excess deferred income taxes flows back to the customers under current normalization rules and agreed upon methods with the commissions. (n)Consists of WRA and WCMA, which are described in the previous section. (o)Other includes other balancing and memorandum accounts, other regulatory mechanisms and accrued tank painting costs. (p)As of December 31, 2023 and 2022, primarily relates to WRA.

X
- References No definition available. + Details
Name: | us-gaap_RegulatedOperationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets that are created when regulatory agencies permit public utilities to defer certain costs included in rate-setting to the balance sheet. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 980 -SubTopic 340 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481878/980-340-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 980 -SubTopic 715 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481691/980-715-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 980 -SubTopic 340 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481878/980-340-50-2 + Details
Name: | us-gaap_ScheduleOfRegulatoryAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration