Schedule of Regulatory Assets and Liabilities |
We had the following regulatory assets and liabilities as of December 31 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
2021 |
|
Regulatory assets |
|
|
|
|
|
|
Winter Storm Uri (a) |
|
$ |
347,980 |
|
|
$ |
509,025 |
|
Deferred energy and fuel cost adjustments (b) |
|
|
72,580 |
|
|
|
59,973 |
|
Deferred gas cost adjustments (b) |
|
|
12,147 |
|
|
|
9,488 |
|
Gas price derivatives (b) |
|
|
8,793 |
|
|
|
2,584 |
|
Deferred taxes on AFUDC (b) |
|
|
7,333 |
|
|
|
7,457 |
|
Employee benefit plans and related deferred taxes (c) |
|
|
89,259 |
|
|
|
88,923 |
|
Environmental (b) |
|
|
1,343 |
|
|
|
1,385 |
|
Loss on reacquired debt (b) |
|
|
19,213 |
|
|
|
21,011 |
|
Deferred taxes on flow-through accounting (b) |
|
|
69,529 |
|
|
|
63,243 |
|
Decommissioning costs (b) |
|
|
3,472 |
|
|
|
5,961 |
|
Other regulatory assets (b) |
|
|
21,332 |
|
|
|
27,549 |
|
Total regulatory assets |
|
|
652,981 |
|
|
|
796,599 |
|
Less current regulatory assets |
|
|
(260,312 |
) |
|
|
(270,290 |
) |
Regulatory assets, non-current |
|
$ |
392,669 |
|
|
$ |
526,309 |
|
|
|
|
|
|
|
|
Regulatory liabilities |
|
|
|
|
|
|
Deferred energy and gas costs (b) |
|
$ |
24,030 |
|
|
$ |
6,113 |
|
Employee benefit plan costs and related deferred taxes (c) |
|
|
34,258 |
|
|
|
32,241 |
|
Cost of removal (b) |
|
|
175,614 |
|
|
|
179,976 |
|
Excess deferred income taxes (c) |
|
|
254,833 |
|
|
|
264,042 |
|
Other regulatory liabilities (c) |
|
|
29,838 |
|
|
|
20,579 |
|
Total regulatory liabilities |
|
|
518,573 |
|
|
|
502,951 |
|
Less current regulatory liabilities |
|
|
(46,013 |
) |
|
|
(17,574 |
) |
Regulatory liabilities, non-current |
|
$ |
472,560 |
|
|
$ |
485,377 |
|
(a)Timing of Winter Storm Uri incremental cost recovery and associated carrying costs vary by jurisdiction. See further information below. (b)Recovery of costs, but we are not allowed a rate of return. (c)In addition to recovery or repayment of costs, we are allowed a return on a portion of this amount or a reduction in rate base.
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