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Regulatory Assets and Liabilities | 9 Months Ended
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Sep. 30, 2023
Regulatory Assets and Liabilities |
Regulatory Assets and Liabilities | Note 11. Regulatory Assets and Liabilities Regulatory Assets SCE's regulatory assets included on its consolidated balance sheets are: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
(in millions) |  | 2023 |  | 2022
Current: |  | ​ |  |  | ​ |
Regulatory balancing and memorandum accounts | ​ | $ | 2,357 | ​ | $ | 2,400
Power contracts | ​ |  | — | ​ |  | 71
Other | ​ |  | 51 | ​ |  | 26
Total current | ​ |  | 2,408 | ​ |  | 2,497
Long-term: | ​ |  |  | ​ |  |
Deferred income taxes | ​ |  | 5,456 | ​ |  | 5,178
Unamortized investments, net of accumulated amortization | ​ |  | 109 | ​ |  | 113
Unamortized loss on reacquired debt | ​ |  | 100 | ​ |  | 109
Regulatory balancing and memorandum accounts | ​ |  | 1,192 | ​ |  | 1,589
Environmental remediation | ​ |  | 233 | ​ |  | 241
Recovery assets | ​ | ​ | 1,571 | ​ | ​ | 834
Other | ​ |  | 113 | ​ |  | 117
Total long-term | ​ |  | 8,774 | ​ |  | 8,181
Total regulatory assets | ​ | $ | 11,182 | ​ | $ | 10,678
​ Regulatory Liabilities SCE's regulatory liabilities included on its consolidated balance sheets are: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
(in millions) |  | 2023 |  | 2022
Current: |  | ​ |  |  | ​ |
Regulatory balancing and memorandum accounts | ​ | $ | 685 | ​ | $ | 584
Energy derivatives | ​ |  | — | ​ |  | 338
Other | ​ |  | 32 | ​ |  | 42
Total current | ​ |  | 717 | ​ |  | 964
Long-term: | ​ |  |  | ​ |  |
Costs of removal | ​ |  | 2,673 | ​ |  | 2,589
Deferred income taxes | ​ |  | 2,227 | ​ |  | 2,250
Recoveries in excess of ARO liabilities | ​ |  | 1,285 | ​ |  | 1,231
Regulatory balancing and memorandum accounts | ​ |  | 1,377 | ​ |  | 1,116
Pension and other postretirement benefits | ​ |  | 984 | ​ |  | 1,007
Other | ​ |  | 24 | ​ |  | 18
Total long-term | ​ |  | 8,570 | ​ |  | 8,211
Total regulatory liabilities | ​ | $ | 9,287 | ​ | $ | 9,175
​ Net Regulatory Balancing and Memorandum Accounts The following table summarizes the significant components of regulatory balancing and memorandum accounts included in the above tables of regulatory assets and liabilities:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
(in millions) |  | 2023 |  | 2022
Asset (liability) |  | ​ |  |  | ​ |
Energy resource recovery account | ​ | $ | (141) | ​ | $ | 1,580
Portfolio allocation balancing account | ​ |  | 929 | ​ |  | (73)
New system generation balancing account | ​ |  | 237 | ​ |  | (63)
Public purpose programs and energy efficiency programs | ​ |  | (1,805) | ​ |  | (1,577)
Base revenue requirement balancing account | ​ |  | 1,006 | ​ |  | 1,108
GRC wildfire mitigation balancing accounts | ​ | ​ | 174 | ​ | ​ | 67
Residential uncollectibles balancing account | ​ | ​ | 51 | ​ | ​ | —
Greenhouse gas auction revenue and low carbon fuel standard revenue | ​ |  | (393) | ​ |  | (289)
FERC balancing accounts | ​ |  | (208) | ​ |  | (123)
Wildfire and drought restoration accounts | ​ |  | 432 | ​ |  | 352
Wildfire-related memorandum accounts | ​ | ​ | 985 | ​ | ​ | 1,168
Risk management balancing account1 | ​ | ​ | (74) | ​ | ​ | —
COVID-19-related memorandum accounts | ​ | ​ | 66 | ​ | ​ | 67
Customer service re-platform memorandum account | ​ | ​ | 96 | ​ | ​ | 64
Tax accounting memorandum account and pole loading balancing account | ​ | ​ | 61 | ​ | ​ | 90
Excess bond and power charge balancing account | ​ | ​ | 11 | ​ | ​ | (56)
Other | ​ |  | 60 | ​ |  | (26)
Asset | ​ | $ | 1,487 | ​ | $ | 2,289
​
1 | The risk management balancing account is used to support the administration of the customer-funded self-insurance program. See "Note 12—Contingencies—Southern California Wildfires and Mudslides—Wildfire Insurance Coverage" for more details.

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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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