Regulatory Matters

3 Months Ended

Mar. 31, 2013

Public Utilities Disclosure [Text Block]

Accounting for Regulatory Activities

Regulatory Assets and Liabilities

Regulatory assets and liabilities represent probable future revenues or expenses associated with certain charges and credits that will be recovered from or refunded to customers through the ratemaking process. We included the amounts of our regulatory assets and liabilities within “Other current assets,” “Deferred charges and other assets,” “Accrued other current liabilities” and “Other long-term liabilities and deferred credits,” respectively, in our accompanying consolidated balance sheets. The recovery period for these regulatory assets is approximately 20 years.

The following table summarizes our regulatory asset and liability balances (in millions):



	March 31, 2013		December 31, 2012
Current regulatory assets	$	26	$	18
Non-current regulatory assets	203		204
Total Regulatory Assets	$	229	$	222

Current regulatory liabilities	$	4	$	4
Non-current regulatory liabilities	62		65
Total Regulatory Liabilities	$	66	$	69

More information about our regulatory matters can be found in Note 17 “Regulatory Matters” to our consolidated financial statements that were included in our 2012 Form 10-K.