Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 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
	June 30, 2022		December 31, 2021
Regulatory assets
Winter Storm Uri (a)	$	402,971	$	509,025
Deferred energy and fuel cost adjustments (b)	71,701		59,973
Deferred gas cost adjustments (b)	8,083		9,488
Gas price derivatives (b)	4,845		2,584
Deferred taxes on AFUDC (b)	7,426		7,457
Employee benefit plans and related deferred taxes (c)	87,130		88,923
Environmental (b)	1,360		1,385

Loss on reacquired debt (b)	20,112		21,011

Deferred taxes on flow through accounting (b)	69,811		63,243
Decommissioning costs (b)	4,717		5,961
Other regulatory assets (b)	24,212		27,549
Total regulatory assets	702,368		796,599
Less current regulatory assets	(267,725)		(270,290)
Regulatory assets, non-current	$	434,643	$	526,309

Regulatory liabilities
Deferred energy and gas costs (b)	$	15,899	$	6,113

Employee benefit plan costs and related deferred taxes (c)	31,330		32,241
Cost of removal (b)	184,111		179,976

Excess deferred income taxes (c)	259,674		264,042
Other regulatory liabilities (c)	24,984		20,579
Total regulatory liabilities	515,998		502,951
Less current regulatory liabilities	(33,356)		(17,574)
Regulatory liabilities, non-current	$	482,642	$	485,377

__________

(a) Timing of Winter Storm Uri incremental cost recovery and associated carrying costs vary by jurisdiction and Wyoming Gas is still subject to pending application with the WPSC. 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.