REGULATORY MATTERS (Tables)

6 Months Ended

Jun. 30, 2016

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 six months ended June 30, 2016:

(in thousands)	Total
Net regulatory liability as of December 31, 2015	$	(2,564	)
Net refund of 2014 revenue deferrals and accruals, including accrued interest	11,190
Net revenue accrual for the six months ended June 30, 2016	7,206
Net accrued interest payable for the six months ended June 30, 2016	(405		)
Net regulatory asset as of June 30, 2016	$	15,427

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 June 30, 2016 as follows:

(in thousands)	Total
Current assets	$	19,112
Non-current assets	29,290
Current liabilities	(22,168		)
Non-current liabilities	(10,807		)
Net regulatory asset as of June 30, 2016	$	15,427