REGULATORY MATTERS (Tables)

12 Months Ended

Sep. 30, 2016

The following regulatory assets and regulatory liabilities were reflected in the Balance Sheets as of September 30, 2016 and 2015. Unamortized Purchased Gas Adjustments are also included below, which are reported separately in the current assets and liabilities sections of each balance sheet.



	Spire				Laclede Gas				Alagasco
	2016		2015		2016		2015		2016		2015
Regulatory Assets:
Current:
Pension and postretirement benefit costs	$	27.0	$	22.0	$	20.2	$	15.5	$	6.8	$	6.5
Unamortized purchased gas adjustments	49.7		12.9		43.1		12.9		5.6		—
Other	17.2		5.6		3.7		0.7		8.1		4.9
Total Current Regulatory Assets	93.9		40.5		67.0		29.1		20.5		11.4
Noncurrent:
Future income taxes due from customers	151.3		134.5		151.3		134.5		—		—
Pension and postretirement benefit costs	487.9		448.7		375.7		368.0		98.9		80.7
Cost of removal	130.6		78.9		—		—		130.6		78.9
Purchased gas costs	12.6		24.1		12.6		24.1		—		—
Energy efficiency	25.5		22.3		25.5		22.3		—		—
Other	30.1		29.1		24.7		24.7		1.2		4.0
Total Noncurrent Regulatory Assets	838.0		737.6		589.8		573.6		230.7		163.6
Total Regulatory Assets	$	931.9	$	778.1	$	656.8	$	602.7	$	251.2	$	175.0

Regulatory Liabilities:
Current:
RSE adjustment	$	7.5	$	12.2	$	—	$	—	$	5.0	$	12.2
Unbilled service margin	5.9		6.4		—		—		5.9		6.4
Refundable negative salvage	9.3		10.8		—		—		9.3		10.8
Unamortized purchased gas adjustments	1.7		28.2		—		—		—		28.2
Other	6.2		3.0		1.3		0.6		2.5		2.4
Total Current Regulatory Liabilities	30.6		60.6		1.3		0.6		22.7		60.0
Noncurrent:
Postretirement liabilities	28.9		28.9		—		—		28.9		28.9
Refundable negative salvage	9.4		16.2		—		—		9.4		16.2
Accrued cost of removal	74.8		58.7		55.1		58.7		—		—
Other	17.6		15.5		12.2		11.9		3.4		3.6
Total Noncurrent Regulatory Liabilities	130.7		119.3		67.3		70.6		41.7		48.7
Total Regulatory Liabilities	$	161.3	$	179.9	$	68.6	$	71.2	$	64.4	$	108.7

A portion of the Company’s regulatory assets are not earning a return and are shown in the schedule below:



	Spire				Laclede Gas
	2016		2015		2016		2015
Future income taxes due from customers	$	151.3	$	134.5	$	151.3	$	134.5
Pension and postretirement benefit costs	240.6		223.7		240.6		223.7
Compensated absences	—		—		—		—
Other	12.9		14.2		12.9		14.2
Total Regulatory Assets Not Earning a Return	$	404.8	$	372.4	$	404.8	$	372.4

Schedule of regulatory liabilities



	Spire				Laclede Gas				Alagasco
	2016		2015		2016		2015		2016		2015
Regulatory Assets:
Current:
Pension and postretirement benefit costs	$	27.0	$	22.0	$	20.2	$	15.5	$	6.8	$	6.5
Unamortized purchased gas adjustments	49.7		12.9		43.1		12.9		5.6		—
Other	17.2		5.6		3.7		0.7		8.1		4.9
Total Current Regulatory Assets	93.9		40.5		67.0		29.1		20.5		11.4
Noncurrent:
Future income taxes due from customers	151.3		134.5		151.3		134.5		—		—
Pension and postretirement benefit costs	487.9		448.7		375.7		368.0		98.9		80.7
Cost of removal	130.6		78.9		—		—		130.6		78.9
Purchased gas costs	12.6		24.1		12.6		24.1		—		—
Energy efficiency	25.5		22.3		25.5		22.3		—		—
Other	30.1		29.1		24.7		24.7		1.2		4.0
Total Noncurrent Regulatory Assets	838.0		737.6		589.8		573.6		230.7		163.6
Total Regulatory Assets	$	931.9	$	778.1	$	656.8	$	602.7	$	251.2	$	175.0

Regulatory Liabilities:
Current:
RSE adjustment	$	7.5	$	12.2	$	—	$	—	$	5.0	$	12.2
Unbilled service margin	5.9		6.4		—		—		5.9		6.4
Refundable negative salvage	9.3		10.8		—		—		9.3		10.8
Unamortized purchased gas adjustments	1.7		28.2		—		—		—		28.2
Other	6.2		3.0		1.3		0.6		2.5		2.4
Total Current Regulatory Liabilities	30.6		60.6		1.3		0.6		22.7		60.0
Noncurrent:
Postretirement liabilities	28.9		28.9		—		—		28.9		28.9
Refundable negative salvage	9.4		16.2		—		—		9.4		16.2
Accrued cost of removal	74.8		58.7		55.1		58.7		—		—
Other	17.6		15.5		12.2		11.9		3.4		3.6
Total Noncurrent Regulatory Liabilities	130.7		119.3		67.3		70.6		41.7		48.7
Total Regulatory Liabilities	$	161.3	$	179.9	$	68.6	$	71.2	$	64.4	$	108.7