Utility Regulatory Assets and Liabilities and Regulatory Matters (Tables)

9 Months Ended

Jun. 30, 2016

Regulatory Assets and Liabilities Associated with Gas Utility and Electric Utility

The following regulatory assets and liabilities associated with Gas Utility and Electric Utility are included in our accompanying Condensed Consolidated Balance Sheets:



	June 30, 2016		September 30, 2015		June 30, 2015
Regulatory assets:
Income taxes recoverable	$	119.6	$	115.9	$	111.8
Underfunded pension and postretirement plans	133.4		140.8		103.2
Environmental costs (a)	60.7		20.0		14.5
Removal costs, net	22.4		21.2		19.6
Other	9.2		6.3		5.1
Total regulatory assets	$	345.3	$	304.2	$	254.2
Regulatory liabilities (b):
Postretirement benefits	$	19.7	$	20.0	$	19.6
Deferred fuel and power refunds	34.4		36.6		45.6
State tax benefits—distribution system repairs	14.6		13.3		10.9
Other	1.2		1.1		1.4
Total regulatory liabilities	$	69.9	$	71.0	$	77.5


(a)	Environmental costs at June 30, 2016, include amounts probable of recovery recorded in conjunction with UGI Gas’ Consent Order and Agreement with the Pennsylvania Department of Environmental Protection (see Note 9).


(b)	Regulatory liabilities are recorded in other current and other noncurrent liabilities on the Condensed Consolidated Balance Sheets.