Regulatory Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

The amounts recorded as regulatory assets and liabilities on the Consolidated Balance Sheets as of December 31, 2021 and 2020, are summarized in the table below. The table also includes amounts related to unamortized debt issuance costs and unamortized discount on long-term debt, which while not regulatory assets and liabilities, are a critical component of the embedded cost of debt financing utilized in Texas Gas' rate proceedings. The tax effect of the equity component of AFUDC represents amounts recoverable from rate payers for the tax recorded in regulatory accounting. Certain amounts in the table are reflected as a negative, or a reduction, to be consistent with the regulatory books of account. The period of recovery for the regulatory assets included in rates varies from one to eighteen years. The remaining period of recovery for regulatory assets not

yet included in rates would be determined in future rate proceedings. None of the regulatory assets shown below were earning a return as of December 31, 2021 and 2020 (in millions):

	2021		2020
Regulatory Assets:
Pension	$	8.1	$	10.6
Tax effect of AFUDC equity	0.4		0.6
Fuel tracker	6.8		4.2
Other	0.5		0.5
Total regulatory assets	$	15.8	$	15.9

Schedule of Regulatory Liabilities

Regulatory Liabilities:
Cashout and fuel tracker	$	12.7	$	14.1
Provision for other asset retirement	88.2		81.6
Unamortized debt issuance costs	(1.5)		(1.8)
Unamortized discount on long-term debt	(0.2)		(0.2)
Postretirement benefits other than pension	64.7		63.3
Total regulatory liabilities	$	163.9	$	157.0