Regulatory assets and liabilities included on the Consolidated Balance Sheets as of September 30, are comprised of the following:



(Thousands)	2014		2013
Regulatory assets-current
Underrecovered gas costs	$	12,577	$	953
Conservation Incentive Program	—		18,887
New Jersey Clean Energy Program	14,285		14,532
Total current regulatory assets	$	26,862	$	34,372
Regulatory assets-noncurrent
Environmental remediation costs
Expended, net of recoveries	$	30,916	$	46,968
Liability for future expenditures	177,000		183,600
Deferred income taxes	9,968		10,718
Derivatives at fair value, net	—		19
SAVEGREEN	29,180		30,004
Postemployment and other benefit costs	108,507		101,415
Deferred Superstorm Sandy costs	15,207		14,822
Other noncurrent regulatory assets	6,797		14,656
Total noncurrent regulatory assets	$	377,575	$	402,202
Regulatory liability-current
Conservation Incentive Program	$	5,752	$	—
Derivatives at fair value, net	320		1,456
Total current regulatory liabilities	$	6,072	$	1,456
Regulatory liabilities-noncurrent
Cost of removal obligation	$	61,163	$	79,315
Derivatives at fair value, net	57		—
Other noncurrent regulatory liabilities	106		332
Total noncurrent regulatory liabilities	$	61,326	$	79,647