Regulatory Assets and Liabilities

Regulatory Assets

SCE's regulatory assets included on the consolidated balance sheets are:



(in millions)	September 30, 2014		December 31, 2013
Current:
Regulatory balancing accounts	$	1,101	$	484
Energy derivatives	64		54
Other	5		—
Total current	1,170		538
Long-term:
Deferred income taxes, net	3,361		2,957
Pensions and other postretirement benefits	506		369
Energy derivatives	721		816
Unamortized investments, net	275		332
San Onofre	1,386		1,325
Unamortized loss on reacquired debt	206		222
Regulatory balancing accounts	545		818
Other	329		402
Total long-term	7,329		7,241
Total regulatory assets	$	8,499	$	7,779

Regulatory Liabilities

SCE's regulatory liabilities included on the consolidated balance sheets are:



(in millions)	September 30, 2014		December 31, 2013
Current:
Regulatory balancing accounts	$	750	$	724
Other	44		43
Total current	794		767
Long-term:
Costs of removal	2,833		2,780
Asset retirement obligations	1,769		1,071
Regulatory balancing accounts	1,085		1,132
San Onofre	677		—
Other	23		12
Total long-term	6,387		4,995
Total regulatory liabilities	$	7,181	$	5,762

Net Regulatory Balancing Accounts

The following table summarizes the significant components of regulatory balancing accounts included in the above tables of regulatory assets and liabilities:



(in millions)	September 30, 2014			December 31, 2013
Asset (liability)
Energy resource recovery account	$	1,570		$	1,005
Four Corners memorandum account	6			145
New system generation balancing account	117			132
Public purpose programs and energy efficiency programs	(832		)	(1,037		)
Base rate recovery balancing account	(243		)	(247		)
Greenhouse gas auction revenue	(300		)	(385		)
FERC formula rates and FERC balancing accounts	(89		)	(59		)
FERC energy settlements	(195		)	—
Other	(223		)	(108		)
Net liability	$	(189	)	$	(554	)