Regulatory Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Regulatory Assets and Liabilities

		December 31,
		2012		2011		Recovery/Refund Period

REGULATORY ASSETS		(in millions)
Current regulatory assets:
Brazil tariff recoveries:⁽¹⁾
	Energy purchases	$	189	$	79	Over tariff reset period
	Transmission costs, regulatory fees and other		78		185	Over tariff reset period
El Salvador tariff recoveries⁽²⁾			115		108	Over tariff reset period
Other⁽³⁾			26		19	Various
Total current regulatory assets			408		391

Noncurrent regulatory assets:
Defined benefit pension obligations at IPL and DPL⁽⁴⁾⁽⁵⁾			430		399	Various
Income taxes recoverable from customers⁽⁴⁾⁽⁶⁾			81		76	Various
Brazil tariff recoveries:⁽¹⁾
	Energy purchases		97		84	Over tariff reset period
	Transmission costs, regulatory fees and other		59		86	Over tariff reset period
Deferred Midwest ISO costs⁽⁷⁾			89		80	To be determined
Other⁽³⁾			115		122	Various
Total noncurrent regulatory assets			871		847
TOTAL REGULATORY ASSETS		$	1,279	$	1,238

REGULATORY LIABILITIES
Current regulatory liabilities:
Brazil tariff reset adjustment⁽⁸⁾		$	89	$	190	Three years
Efficiency program costs⁽⁹⁾			32		29	Over tariff reset period
Brazil tariff recoveries:⁽¹⁾
	Energy purchases		171		305	Over tariff reset period
	Transmission costs, regulatory fees and other		55		172	Over tariff reset period
Other⁽¹⁰⁾			41		37	Various
Total current regulatory liabilities			388		733

Noncurrent regulatory liabilities:
Brazil tariff reset adjustment⁽⁸⁾			445		-	Three years
Asset retirement obligations⁽¹¹⁾			560		649	Over life of assets
Brazil special obligations⁽¹²⁾			463		422	To be determined
Brazil tariff recoveries:⁽¹⁾
	Energy purchases		46		76	Over tariff reset period
	Transmission costs, regulatory fees and other		42		64	Over tariff reset period
Efficiency program costs⁽⁹⁾			17		44	Over tariff reset period
Other⁽¹⁰⁾			129		24	Various
Total noncurrent regulatory liabilities			1,702		1,279
TOTAL REGULATORY LIABILITIES		$	2,090	$	2,012

Schedule of Regulatory Assets by Region

		December 31,
		2012				2011

		Regulatory Assets		Regulatory Liabilities		Regulatory Assets		Regulatory Liabilities
		(in millions)

Brazil Utilities		$	427	$	1,390	$	438	$	1,333
US Utilities			737		700		692		679
Corporate and Other			115		-		108		-
	Total	$	1,279	$	2,090	$	1,238	$	2,012

- Definition

Tabular disclosure of assets that are created when regulatory agencies permit public utilities to defer certain costs included in rate-setting to the balance sheet.

+ References+ Details