Regulatory Matters

12 Months Ended

Dec. 31, 2015

Regulatory Matters [Abstract]

Regulatory Matters

Regulatory Accounting

The following is a list of regulatory assets/liabilities reflected on CERC’s Consolidated Balance Sheets as of December 31, 2015 and 2014:

	December 31,
	2015			2014
	(in millions)
Regulatory assets in other long-term assets (1) (2)	$	105		$	103
Regulatory liabilities	(734		)	(669		)
Net	$	(629	)	$	(566	)

(1) Regulatory assets that are not earning a return were not material at December 31, 2015 or 2014.

(2) NGD’s actuarially determined pension and other postemployment expense in excess of the amount being recovered through rates is being deferred for rate making purposes. Deferred pension and other postemployment expenses of $5 million as of December 31, 2015 were not earning a return.