Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2022

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets and Liabilities

We had the following regulatory assets and liabilities (in thousands):


	As of		As of
	March 31, 2022		December 31, 2021
Regulatory assets
Winter Storm Uri (a)	$	438,675	$	509,025
Deferred energy and fuel cost adjustments (b)	67,068		59,973
Deferred gas cost adjustments (b)	1,917		9,488
Gas price derivatives (b)	220		2,584
Deferred taxes on AFUDC (b)	7,420		7,457
Employee benefit plans and related deferred taxes (c)	87,947		88,923
Environmental (b)	1,375		1,385

Loss on reacquired debt (b)	20,561		21,011

Deferred taxes on flow through accounting (b)	69,387		63,243
Decommissioning costs (b)	5,339		5,961
Other regulatory assets (b)	23,435		27,549
Total regulatory assets	723,344		796,599
Less current regulatory assets	(265,496)		(270,290)
Regulatory assets, non-current	$	457,848	$	526,309

Regulatory liabilities
Deferred energy and gas costs (b)	$	38,343	$	6,113

Employee benefit plan costs and related deferred taxes (c)	31,943		32,241
Cost of removal (b)	181,690		179,976

Excess deferred income taxes (c)	259,856		264,042
Other regulatory liabilities (c)	23,352		20,579
Total regulatory liabilities	535,184		502,951
Less current regulatory liabilities	(52,742)		(17,574)
Regulatory liabilities, non-current	$	482,442	$	485,377

__________

(a) Timing of Winter Storm Uri incremental cost recovery and associated carrying costs vary by jurisdiction and some jurisdictions are still subject to pending applications with the respective utility commission. See further information below.

(b) Recovery of costs, but we are not allowed a rate of return.

(c) In addition to recovery or repayment of costs, we are allowed a return on a portion of this amount or a reduction in rate base.