Utility Regulatory Assets and Liabilities and Regulatory Matters (Tables)

3 Months Ended

Dec. 31, 2017

Regulated Operations [Abstract]

Schedule of Regulatory Assets

The following regulatory assets and liabilities associated with UGI Utilities are included in our accompanying condensed consolidated balance sheets:

	December 31, 2017		September 30, 2017		December 31, 2016
Regulatory assets:
Income taxes recoverable	$	126.5	$	121.4	$	117.8
Underfunded pension and postretirement plans	138.3		141.3		179.4
Environmental costs	60.8		61.6		61.4
Deferred fuel and power costs	0.1		7.7		—
Removal costs, net	31.4		31.0		27.1
Other	5.7		5.9		7.2
Total regulatory assets	$	362.8	$	368.9	$	392.9
Regulatory liabilities (a):
Postretirement benefits	$	17.3	$	17.5	$	17.3
Deferred fuel and power refunds	12.7		10.6		23.8
State tax benefits — distribution system repairs	19.1		18.4		15.6
Excess federal deferred income taxes (b)	303.9		—		—
Other	4.5		2.7		2.0
Total regulatory liabilities	$	357.5	$	49.2	$	58.7

(a) Regulatory liabilities are recorded in “Other current liabilities” and “Other noncurrent liabilities” on the Condensed Consolidated Balance Sheets.

(b) Balance at December 31, 2017, comprises excess deferred federal income taxes resulting from the enactment of the TCJA (see below and Note 5).

Schedule of Regulatory Liabilities

The following regulatory assets and liabilities associated with UGI Utilities are included in our accompanying condensed consolidated balance sheets:

	December 31, 2017		September 30, 2017		December 31, 2016
Regulatory assets:
Income taxes recoverable	$	126.5	$	121.4	$	117.8
Underfunded pension and postretirement plans	138.3		141.3		179.4
Environmental costs	60.8		61.6		61.4
Deferred fuel and power costs	0.1		7.7		—
Removal costs, net	31.4		31.0		27.1
Other	5.7		5.9		7.2
Total regulatory assets	$	362.8	$	368.9	$	392.9
Regulatory liabilities (a):
Postretirement benefits	$	17.3	$	17.5	$	17.3
Deferred fuel and power refunds	12.7		10.6		23.8
State tax benefits — distribution system repairs	19.1		18.4		15.6
Excess federal deferred income taxes (b)	303.9		—		—
Other	4.5		2.7		2.0
Total regulatory liabilities	$	357.5	$	49.2	$	58.7

(a) Regulatory liabilities are recorded in “Other current liabilities” and “Other noncurrent liabilities” on the Condensed Consolidated Balance Sheets.

(b) Balance at December 31, 2017, comprises excess deferred federal income taxes resulting from the enactment of the TCJA (see below and Note 5).