XML 19 R9.htm IDEA: XBRL DOCUMENT
v3.25.1

Regulation | 6 Months Ended
--- | ---
Mar. 31, 2025
Regulated Operations [Abstract] |
Regulation | Regulation Accounting principles generally accepted in the United States require cost-based, rate-regulated entities that meet certain criteria to reflect the authorized recovery of costs due to regulatory decisions in their financial statements. As a result, certain costs are permitted to be capitalized rather than expensed because they can be recovered through rates. We record certain costs as regulatory assets when future recovery through customer rates is considered probable. Regulatory liabilities are recorded when it is probable that revenues will be reduced for amounts that will be credited to customers through the ratemaking process. Substantially all of our regulatory assets are recorded as a component of other current assets and deferred charges and other assets and our regulatory liabilities are recorded as a component of other current liabilities and deferred credits and other liabilities. Deferred gas costs are recorded either in other current assets or liabilities. Regulatory assets and liabilities as of March 31, 2025 and September 30, 2024 included the following:
| March 31, 2025 |  | September 30, 2024
| (In thousands)
Regulatory assets: |  |  |
Pension and postretirement benefit costs | $ | 4,326 |  |  | $ | 11,243 |
Infrastructure mechanisms (1) | 239,997 |  |  | 246,734 |
Winter Storm Uri incremental costs | 6,812 |  |  | 10,373 |
Deferred gas costs | 3,830 |  |  | 159,762 |
Regulatory excess deferred taxes (2) | 50,526 |  |  | 51,380 |
Recoverable loss on reacquired debt | 2,987 |  |  | 3,070 |
Deferred pipeline record collection costs | 39,899 |  |  | 41,742 |
APT annual System Safety and Integrity Rider (3) | 34,142 |  |  | 38,632 |
Other | 16,270 |  |  | 16,454 |
| $ | 398,789 |  |  | $ | 579,390 |
Regulatory liabilities: |  |  |
Regulatory excess deferred taxes (2) | $ | 229,096 |  |  | $ | 257,001 |
Regulatory cost of removal obligation | 625,899 |  |  | 607,032 |
Deferred gas costs | 54,794 |  |  | 9,142 |
APT annual adjustment mechanism | 78,126 |  |  | 73,119 |
Pension and postretirement benefit costs | 236,382 |  |  | 247,250 |
Other | 51,006 |  |  | 34,338 |
| $ | 1,275,303 |  |  | $ | 1,227,882 |
(1)Infrastructure mechanisms in Texas, Louisiana, and Tennessee allow for the deferral of all eligible expenses associated with capital expenditures incurred pursuant to these rules, including the recording of interest on deferred expenses until the next rate proceeding (rate case or annual rate filing), at which time investment and costs would be recoverable through base rates. (2)Regulatory excess deferred taxes represent changes in our net deferred tax liability related to our cost of service ratemaking due to the enactment of Tax Cuts and Jobs Act of 2017 (the "TCJA"), a Kansas legislative change enacted in fiscal 2020, and a Louisiana legislative change enacted in fiscal 2025. See Note 12 to the condensed consolidated financial statements for further information. (3)In APT's general rate case settlement in December 2023, the RRC approved a new annual compliance filing that allows APT to recover certain system safety and integrity costs incurred each year. Costs above a specified benchmark are deferred onto the balance sheet as incurred. Once the filing is approved by the RRC, the revenue and expense are recognized over 12 months resulting in no impact to operating income. We deferred $32.4 million in carrying costs incurred after September 1, 2022 associated with interim financing for gas costs incurred in February 2021 during Winter Storm Uri. During fiscal 2024, we recovered $22.0 million of this amount. During the first six months of fiscal 2025, we have recovered $3.6 million of this amount. Of the remaining $6.8 million, $0.4 million has been recorded as a current asset in other current assets as of March 31, 2025 and $6.4 million has been recorded as a long-term asset in deferred charges and other assets as of March 31, 2025 as we anticipate recovering this amount in future regulatory proceedings.

X
- Definition The entire disclosure for public utilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 980 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/980/tableOfContent + Details
Name: | us-gaap_PublicUtilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RegulatedOperationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration