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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2022
26. Asset Retirement Obligations  
Change in ARO
The change in ARO for the years ended December 31 is as follows:
millions of dollars
2022
2021
Balance, January 1
$
 
174
$
 
178
Accretion included in depreciation expense
 
9
 
10
Change in FX rate
 
3
(1)
Additions
 
1
 
1
Accretion deferred to regulatory asset (included in PP&E)
 
1
(2)
Liabilities settled
(1)
(1)
(13)
Revisions in estimated cash flows
(13)
-
 
Other
-
 
 
1
Balance, December 31
$
 
174
$
 
174
(1) Tampa Electric
 
produced ash and other by-products, collectively known as CCR's, at its Big Bend and Polk power stations. The
decrease in ARO in 2021 was due to the closure of CCR management facilities.