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BUSINESS ORGANIZATION AND STATEMENT OF ACCOUNTING POLICIES, REGULATORY ASSETS (Details) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Regulatory Assets [Line Items]    
Total Regulatory Assets $ 1,008,187 $ 1,135,450
Less current portion of regulatory assets 98,323 120,935
Regulatory Assets, Net 909,864 1,014,515
Remaining period n/a  
Nuclear Plant Investments - Above Market [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 238,868 [1] 252,498 [1]
Connecticut Yankee [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 0 11,129
Unamortized Redemption Costs [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 11,502 12,103
Remaining period, minimum 8 years  
Remaining period, maximum 20 years  
Pension and Other Post-Retirement Benefit Plans [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 444,038 [2] 458,019 [2]
Environmental Remediation Costs [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 16,754 14,772
Remaining period, minimum 4 years  
Remaining period, maximum 5 years  
Hardship Programs [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 23,833 [3] 29,852 [3]
Debt Premium [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 35,671 41,016
Remaining period, minimum 1 year  
Remaining period, maximum 24 years  
Deferred Purchased Gas [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 0 [4] 12,444 [4]
Unfunded Future Income Taxes [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 27,201 [5] 17,319 [5]
Contracts For Differences [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 147,726 [6] 176,597 [6]
Term of contract minimum 7 years  
Term of contact maximum 14 years  
Excess Generation Service Charge [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 8,228 [7] 8,864 [7]
Deferred Transmission Income/Expense [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 10,744 [8] 21,379 [8]
Storm Costs [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets 15,797 [9] 52,009 [9]
Other [Member]
   
Regulatory Assets [Line Items]    
Total Regulatory Assets $ 27,825 [10] $ 27,449 [10]
[1] Asset/Liability relates to the Competitive Transition Assessment (CTA). Total CTA costs recovery and stranded cost amortization were substantially completed in the third quarter of 2013. The remaining balances are fully offset by amounts primarily included in income taxes, due principally to book-tax differences. As a result of the outcome of UI’s 2013 distribution rate request, PURA approved UI’s proposed rate treatment to leave CTA rates unchanged until January 1, 2014 at which point the charge will end and the remaining balances will be extinguished.
[2] Asset life is dependent upon timing of final pension plan distribution; balance, which is fully offset by a corresponding liability, is recalculated each year in accordance with ASC 715 "Compensation-Retirement Benefits." See Note (G) “Pension and Other Benefits” for additional information.
[3] Hardship customer accounts deferred for future recovery to the extent they exceed the amount in rates.
[4] Deferred purchase gas costs balances at the end of the rate year are normally recorded/returned in the next year.
[5] The balance will be extinguished when the asset, which is fully offset by a corresponding liability, or liability has been realized or settled, respectively.
[6] Asset life is equal to delivery term of related contracts (which vary from approximately 7 - 14 years); balance fluctuates based upon quarterly market analysis performed on the related derivatives (Note K); amount, which does not earn a return, is fully offset by corresponding derivative asset/liability. See “-Contracts for Differences” discussion above for additional information.
[7] Working capital allowance for generation service charge; this amount fluctuates based upon cash inflows and outflows in a given period.
[8] Regulatory asset or liability which defers transmission income or expense and fluctuates based upon actual revenues and revenue requirements.
[9] Storm costs include accumulated costs for major storms occurring from January 2009 forward. See Note (C) “Regulatory Proceedings – Electric Distribution and Transmission – Rates” for a discussion of the recovery of these costs.
[10] Amortization period and/or balance vary depending on the nature, cost of removal and/or remaining life of the underlying assets/liabilities; asset amount includes decoupling ($12.4 million) and certain other amounts that are not currently earning a return. See Note (C) “Regulatory Proceedings – Electric Distribution and Transmission – Rates” for a discussion of the decoupling recovery period.