REGULATORY MATTERS (Tables)

6 Months Ended

Jun. 30, 2020

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 six months ended June 30, 2020:


(in millions)	Total
Net regulatory assets as of December 31, 2019	$	3
Net refund of 2018 revenue deferrals and accruals, including accrued interest	20
Net revenue accrual for the six months ended June 30, 2020	34
Net accrued interest payable for the six months ended June 30, 2020	(1)
Net regulatory assets as of June 30, 2020	$	56

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 as follows:


	June 30,		December 31,
(in millions)	2020		2019
Current regulatory assets	$	28	$	12
Non-current regulatory assets	58		43
Current regulatory liabilities	(27)		(51)
Non-current regulatory liabilities	(3)		(1)
Net regulatory assets	$	56	$	3