REGULATORY MATTERS (Tables)

6 Months Ended

Mar. 31, 2016

The following regulatory assets and regulatory liabilities, including purchased gas adjustments, were reflected in the balance sheets of the Company and the Utilities as of March 31, 2016, September 30, 2015 and March 31, 2015.



	March 31,		September 30,		March 31,
Spire	2016		2015		2015
Regulatory Assets:
Current:
Pension and postretirement benefit costs	$	26.9	$	22.0	$	21.4
Unamortized purchased gas adjustments	8.9		12.9		—
Other	5.5		5.6		6.0
Total Regulatory Assets (current)	41.3		40.5		27.4
Non-current:
Future income taxes due from customers	142.3		134.5		125.6
Pension and postretirement benefit costs	441.0		448.7		420.8
Cost of removal	80.2		78.9		19.1
Purchased gas costs	15.1		24.1		18.6
Energy efficiency	23.7		22.3		20.4
Other	30.3		29.1		28.4
Total Regulatory Assets (non-current)	732.6		737.6		632.9
Total Regulatory Assets	$	773.9	$	778.1	$	660.3

Regulatory Liabilities:
Current:
RSE adjustment	$	5.9	$	12.2	$	9.9
Unbilled service margin	14.9		6.4		15.0
Refundable negative salvage	9.2		10.8		10.8
Unamortized purchased gas adjustments	4.3		28.2		76.7
Other	3.8		3.0		2.8
Total Regulatory Liabilities (current)	38.1		60.6		115.2
Non-current:
Postretirement liabilities	27.8		28.9		25.1
Refundable negative salvage	10.1		16.2		17.0
Accrued cost of removal	58.3		58.7		59.9
Other	14.5		15.5		12.3
Total Regulatory Liabilities (non-current)	110.7		119.3		114.3
Total Regulatory Liabilities	$	148.8	$	179.9	$	229.5



	March 31,		September 30,		March 31,
Laclede Gas	2016		2015		2015
Regulatory Assets:
Current:
Pension and postretirement benefit costs	$	20.2	$	15.5	$	15.0
Unamortized purchased gas adjustments	3.9		12.9		—
Other	3.5		0.7		2.4
Total Regulatory Assets (current)	27.6		29.1		17.4
Non-current:
Future income taxes due from customers	142.3		134.5		125.6
Pension and postretirement benefit costs	357.1		368.0		357.9
Purchased gas costs	15.1		24.1		18.6
Energy efficiency	23.7		22.3		20.4
Other	25.6		24.7		22.8
Total Regulatory Assets (non-current)	563.8		573.6		545.3
Total Regulatory Assets	$	591.4	$	602.7	$	562.7

Regulatory Liabilities:
Current:
Unamortized purchased gas adjustments	$	4.3	$	—	$	39.1
Other	1.3		0.6		0.6
Total Regulatory Liabilities (current)	5.6		0.6		39.7
Non-current:
Accrued cost of removal	58.3		58.7		59.9
Other	11.0		11.9		11.8
Total Regulatory Liabilities (non-current)	69.3		70.6		71.7
Total Regulatory Liabilities	$	74.9	$	71.2	$	111.4



	March 31,		September 30,		March 31,
Alagasco	2016		2015		2015
Regulatory Assets:
Current:
Pension and postretirement benefit costs	$	6.7	$	6.5	$	6.4
Unamortized purchased gas adjustments	5.0		—		—
Other	2.0		4.9		3.6
Total Regulatory Assets (current)	13.7		11.4		10.0
Non-current:
Pension and postretirement benefit costs	83.9		80.7		62.9
Cost of removal	80.2		78.9		19.1
Other	4.0		4.0		5.6
Total Regulatory Assets (non-current)	168.1		163.6		87.6
Total Regulatory Assets	$	181.8	$	175.0	$	97.6

Regulatory Liabilities:
Current:
RSE adjustment	$	5.9	$	12.2	$	9.9
Unbilled service margin	14.9		6.4		15.0
Refundable negative salvage	9.2		10.8		10.8
Unamortized purchased gas adjustments	—		28.2		37.6
Other	2.5		2.4		2.2
Total Regulatory Liabilities (current)	32.5		60.0		75.5
Non-current:
Postretirement liabilities	27.8		28.9		25.1
Refundable negative salvage	10.1		16.2		17.0
Other	3.5		3.6		0.7
Total Regulatory Liabilities (non-current)	41.4		48.7		42.8
Total Regulatory Liabilities	$	73.9	$	108.7	$	118.3

A portion of the Company's and Laclede Gas' regulatory assets are not earning a return, as shown in the schedule below:



	Spire						Laclede Gas
	March 31,		September 30,		March 31,		March 31,		September 30,		March 31,
($ Millions)	2016		2015		2015		2016		2015		2015
Regulatory Assets Not Earning a Return:
Future income taxes due from customers	$	142.3	$	134.5	$	125.6	$	142.3	$	134.5	$	125.6
Pension and postretirement benefit costs	211.5		223.7		232.3		211.5		223.7		232.3
Other	13.6		14.2		15.2		13.6		14.2		15.2
Total Regulatory Assets Not Earning a Return	$	367.4	$	372.4	$	373.1	$	367.4	$	372.4	$	373.1

Schedule of regulatory liabilities



	March 31,		September 30,		March 31,
Spire	2016		2015		2015
Regulatory Assets:
Current:
Pension and postretirement benefit costs	$	26.9	$	22.0	$	21.4
Unamortized purchased gas adjustments	8.9		12.9		—
Other	5.5		5.6		6.0
Total Regulatory Assets (current)	41.3		40.5		27.4
Non-current:
Future income taxes due from customers	142.3		134.5		125.6
Pension and postretirement benefit costs	441.0		448.7		420.8
Cost of removal	80.2		78.9		19.1
Purchased gas costs	15.1		24.1		18.6
Energy efficiency	23.7		22.3		20.4
Other	30.3		29.1		28.4
Total Regulatory Assets (non-current)	732.6		737.6		632.9
Total Regulatory Assets	$	773.9	$	778.1	$	660.3

Regulatory Liabilities:
Current:
RSE adjustment	$	5.9	$	12.2	$	9.9
Unbilled service margin	14.9		6.4		15.0
Refundable negative salvage	9.2		10.8		10.8
Unamortized purchased gas adjustments	4.3		28.2		76.7
Other	3.8		3.0		2.8
Total Regulatory Liabilities (current)	38.1		60.6		115.2
Non-current:
Postretirement liabilities	27.8		28.9		25.1
Refundable negative salvage	10.1		16.2		17.0
Accrued cost of removal	58.3		58.7		59.9
Other	14.5		15.5		12.3
Total Regulatory Liabilities (non-current)	110.7		119.3		114.3
Total Regulatory Liabilities	$	148.8	$	179.9	$	229.5



	March 31,		September 30,		March 31,
Laclede Gas	2016		2015		2015
Regulatory Assets:
Current:
Pension and postretirement benefit costs	$	20.2	$	15.5	$	15.0
Unamortized purchased gas adjustments	3.9		12.9		—
Other	3.5		0.7		2.4
Total Regulatory Assets (current)	27.6		29.1		17.4
Non-current:
Future income taxes due from customers	142.3		134.5		125.6
Pension and postretirement benefit costs	357.1		368.0		357.9
Purchased gas costs	15.1		24.1		18.6
Energy efficiency	23.7		22.3		20.4
Other	25.6		24.7		22.8
Total Regulatory Assets (non-current)	563.8		573.6		545.3
Total Regulatory Assets	$	591.4	$	602.7	$	562.7

Regulatory Liabilities:
Current:
Unamortized purchased gas adjustments	$	4.3	$	—	$	39.1
Other	1.3		0.6		0.6
Total Regulatory Liabilities (current)	5.6		0.6		39.7
Non-current:
Accrued cost of removal	58.3		58.7		59.9
Other	11.0		11.9		11.8
Total Regulatory Liabilities (non-current)	69.3		70.6		71.7
Total Regulatory Liabilities	$	74.9	$	71.2	$	111.4



	March 31,		September 30,		March 31,
Alagasco	2016		2015		2015
Regulatory Assets:
Current:
Pension and postretirement benefit costs	$	6.7	$	6.5	$	6.4
Unamortized purchased gas adjustments	5.0		—		—
Other	2.0		4.9		3.6
Total Regulatory Assets (current)	13.7		11.4		10.0
Non-current:
Pension and postretirement benefit costs	83.9		80.7		62.9
Cost of removal	80.2		78.9		19.1
Other	4.0		4.0		5.6
Total Regulatory Assets (non-current)	168.1		163.6		87.6
Total Regulatory Assets	$	181.8	$	175.0	$	97.6

Regulatory Liabilities:
Current:
RSE adjustment	$	5.9	$	12.2	$	9.9
Unbilled service margin	14.9		6.4		15.0
Refundable negative salvage	9.2		10.8		10.8
Unamortized purchased gas adjustments	—		28.2		37.6
Other	2.5		2.4		2.2
Total Regulatory Liabilities (current)	32.5		60.0		75.5
Non-current:
Postretirement liabilities	27.8		28.9		25.1
Refundable negative salvage	10.1		16.2		17.0
Other	3.5		3.6		0.7
Total Regulatory Liabilities (non-current)	41.4		48.7		42.8
Total Regulatory Liabilities	$	73.9	$	108.7	$	118.3