Utility Regulatory Assets and Liabilities and Regulatory Matters (Tables)

12 Months Ended

Sep. 30, 2021

The following regulatory assets and liabilities associated with our UGI Utilities reportable segment are included in our Consolidated Balance Sheets at September 30:


	2021		2020
Regulatory assets (a):
Income taxes recoverable	$	143	$	124
Underfunded pension and postretirement plans	108		175
Environmental costs	58		61
Deferred fuel and power costs	11		—
Removal costs, net	24		26
Other	53		11
Total regulatory assets	$	397	$	397
Regulatory liabilities (a):
Postretirement benefit overcollections	$	13	$	13

Deferred fuel and power refunds	36		29
State income tax benefits — distribution system repairs	32		28
PAPUC Temporary Rates Order	—		7
Excess federal deferred income taxes	287		274
Other	20		2
Total regulatory liabilities	$	388	$	353

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

Schedule of Regulatory Liabilities

The following regulatory assets and liabilities associated with our UGI Utilities reportable segment are included in our Consolidated Balance Sheets at September 30:


	2021		2020
Regulatory assets (a):
Income taxes recoverable	$	143	$	124
Underfunded pension and postretirement plans	108		175
Environmental costs	58		61
Deferred fuel and power costs	11		—
Removal costs, net	24		26
Other	53		11
Total regulatory assets	$	397	$	397
Regulatory liabilities (a):
Postretirement benefit overcollections	$	13	$	13

Deferred fuel and power refunds	36		29
State income tax benefits — distribution system repairs	32		28
PAPUC Temporary Rates Order	—		7
Excess federal deferred income taxes	287		274
Other	20		2
Total regulatory liabilities	$	388	$	353