The following is a list of regulatory assets and liabilities reflected on Houston Electric’s Condensed Consolidated Balance Sheets:



	March 31, 2018			December 31, 2017
	(in millions)
Regulatory Assets:
Non-current regulatory assets:
Securitized regulatory assets	$	1,455		$	1,590
Unrecognized equity return (1)	(266		)	(287		)
Unamortized loss on reacquired debt	74			75
Pension and postretirement-related regulatory asset	32			31
Hurricane Harvey restoration costs (2)	57			58
Regulatory assets related to TCJA (3)	33			33
Other long-term regulatory assets (4)	72			70
Total regulatory assets	1,457			1,570
Regulatory Liabilities:
Current regulatory liabilities (5)	14			22
Non-current regulatory liabilities:
Regulatory liabilities related to TCJA (3)	874			862
Estimated removal costs	282			285
Other long-term regulatory liabilities	109			116
Total non-current regulatory liabilities	1,265			1,263
Total regulatory liabilities	1,279			1,285
Total regulatory assets and liabilities, net	$	178		$	285

(1)

The unrecognized equity return will be recognized as it is recovered in rates through 2024. During the three months ended March 31, 2018 and 2017, Houston Electric recognized approximately $21 million and $7 million, respectively, of the allowed equity return. The timing of Houston Electric’s recognition of the equity return will vary each period based on amounts actually collected during the period. The actual amounts recognized are adjusted at least annually to correct any over-collections or under-collections during the preceding 12 months.


(2)	Houston Electric is not earning a return on its Hurricane Harvey restoration costs.


(3)	The EDIT and deferred revenues will be recovered or refunded to customers as required by tax and regulatory authorities.


(4)	Other long-term regulatory assets that are not earning a return were not material as of March 31, 2018 and December 31, 2017.


(5)	Current regulatory liabilities are included in Other current liabilities in Houston Electric’s Condensed Consolidated Balance Sheets.