Utility Regulatory Assets and Liabilities and Regulatory Matters (Tables)

9 Months Ended

Jun. 30, 2018

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:

	June 30, 2018		September 30, 2017		June 30, 2017
Regulatory assets:
Income taxes recoverable	$	130.0	$	121.4	$	122.7
Underfunded pension and postretirement plans	132.2		141.3		171.8
Environmental costs	59.8		61.6		61.6
Deferred fuel and power costs	0.2		7.7		7.0
Removal costs, net	31.0		31.0		29.4
Other	6.9		5.9		6.3
Total regulatory assets	$	360.1	$	368.9	$	398.8
Regulatory liabilities (a):
Postretirement benefits	$	16.9	$	17.5	$	16.7
Deferred fuel and power refunds	44.5		10.6		12.6
State tax benefits — distribution system repairs	20.7		18.4		16.7
PUC Temporary Rates Order (b)	24.1		—		—
Excess federal deferred income taxes (c)	301.2		—		—
Other	5.1		2.7		2.7
Total regulatory liabilities	$	412.5	$	49.2	$	48.7

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

(b) Balance at June 30, 2018, comprises tax savings for the period January 1, 2018 to June 30, 2018 resulting from the enactment of the TCJA (see “PUC Temporary Rates Order” below and Note 5).

(c) Balance at June 30, 2018, comprises excess federal deferred income taxes resulting from the enactment of the TCJA (see “Excess federal deferred income taxes” 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:

	June 30, 2018		September 30, 2017		June 30, 2017
Regulatory assets:
Income taxes recoverable	$	130.0	$	121.4	$	122.7
Underfunded pension and postretirement plans	132.2		141.3		171.8
Environmental costs	59.8		61.6		61.6
Deferred fuel and power costs	0.2		7.7		7.0
Removal costs, net	31.0		31.0		29.4
Other	6.9		5.9		6.3
Total regulatory assets	$	360.1	$	368.9	$	398.8
Regulatory liabilities (a):
Postretirement benefits	$	16.9	$	17.5	$	16.7
Deferred fuel and power refunds	44.5		10.6		12.6
State tax benefits — distribution system repairs	20.7		18.4		16.7
PUC Temporary Rates Order (b)	24.1		—		—
Excess federal deferred income taxes (c)	301.2		—		—
Other	5.1		2.7		2.7
Total regulatory liabilities	$	412.5	$	49.2	$	48.7

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

(b) Balance at June 30, 2018, comprises tax savings for the period January 1, 2018 to June 30, 2018 resulting from the enactment of the TCJA (see “PUC Temporary Rates Order” below and Note 5).

(c) Balance at June 30, 2018, comprises excess federal deferred income taxes resulting from the enactment of the TCJA (see “Excess federal deferred income taxes” below and Note 5).