

Regulatory Assets and Liabilities	March 31, 2016		December 31, 2015
Millions
Current Regulatory Assets (a)
Deferred Fuel Adjustment Clause		$12.4		$10.6
Total Current Regulatory Assets	12.4		10.6
Non-Current Regulatory Assets
Defined Benefit Pension and Other Postretirement Benefit Plans (b)	217.0		219.3
Income Taxes (c)	64.4		64.2
Cost Recovery Riders (d)	54.3		58.0
Asset Retirement Obligations (e)	22.5		21.6
PPACA Income Tax Deferral	5.0		5.0
Other	3.9		3.9
Total Non-Current Regulatory Assets	367.1		372.0
Total Regulatory Assets		$379.5		$382.6

Non-Current Regulatory Liabilities
Wholesale and Retail Contra AFUDC (f)		$57.1		$58.0
Plant Removal Obligations	20.6		22.1
Income Taxes (c)	5.7		6.1
Defined Benefit Pension and Other Postretirement Benefit Plans (b)	0.4		0.9
Other	18.4		17.9
Total Non-Current Regulatory Liabilities		$102.2		$105.0


(a)	Current regulatory assets are included in Prepayments and Other on the Consolidated Balance Sheet.

(b)

Defined benefit pension and other postretirement items included in our Regulated Operations, which are otherwise required to be recognized in accumulated other comprehensive income as actuarial gains and losses as well as prior service costs and credits, are recognized as regulatory assets or regulatory liabilities on the Consolidated Balance Sheet. The asset or liability will decrease as the deferred items are amortized and recognized as components of net periodic benefit cost. (See Note 12. Pension and Other Postretirement Benefit Plans.)


(c)	These assets and liabilities are offsets to deferred income taxes recognized on certain regulatory temporary differences, which will reverse over the remaining lives of those temporary differences.

(d)

The cost recovery rider regulatory assets are revenues not yet collected from our customers primarily due to capital expenditures related to the Bison Wind Energy Center, investment in CapX2020 projects, and the Boswell Unit 4 environmental upgrade and are recognized in accordance with the accounting standards for alternative revenue programs. The cost recovery rider regulatory assets as of March 31, 2016, will be recovered over the next two years.


(e)	Asset retirement obligations will accrete and be amortized over the lives of the related property with asset retirement obligations.


(f)	Wholesale and Retail Contra AFUDC represents the regulatory offset to AFUDC Equity and Debt recorded during the construction period of our cost recovery rider projects prior to placing the projects in service. The regulatory liability will decrease over the remaining depreciable life of the related asset.