REGULATORY MATTERS (Tables)

9 Months Ended

Sep. 30, 2017

Regulated Operations [Abstract]

Net Changes in Regulatory Assets and Liabilities

The net changes in regulatory assets and liabilities associated with our Regulated Operating Subsidiaries’ formula rate revenue accruals and deferrals, including accrued interest, were as follows during the nine months ended September 30, 2017:

(in millions)	Total
Net regulatory liability as of December 31, 2016	$	(1	)
Net collection of 2015 revenue deferrals and accruals, including accrued interest	(11		)
Net revenue deferral for the nine months ended September 30, 2017	(47		)
Net accrued interest payable for the nine months ended September 30, 2017	(2		)
Net regulatory liability as of September 30, 2017	$	(61	)

Schedule of Regulatory Assets and Liabilities

Regulatory assets and liabilities associated with our Regulated Operating Subsidiaries’ formula rate revenue accruals and deferrals, including accrued interest, are recorded in the condensed consolidated statements of financial position at September 30, 2017 as follows:

(in millions)	Total
Current regulatory assets	$	20
Non-current regulatory assets	8
Current regulatory liabilities	(30		)
Non-current regulatory liabilities	(59		)
Net regulatory liability as of September 30, 2017	$	(61	)