XML 65 R45.htm IDEA: XBRL DOCUMENT v3.25.3
Regulatory Matters (Tables)
12 Months Ended
Sep. 30, 2025
Regulated Operations [Abstract]  
Schedule of Regulatory Assets and Liabilities

The following regulatory assets and regulatory liabilities were reflected in the balance sheets of the Company, Spire Missouri and Spire Alabama as of September 30, 2025 and 2024.

 

 

 

Spire

 

 

Spire Missouri

 

 

Spire Alabama

 

September 30

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Regulatory Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unamortized purchased gas adjustments

 

$

16.5

 

 

$

28.9

 

 

$

14.9

 

 

$

28.1

 

 

$

 

 

$

 

Other

 

 

61.8

 

 

 

86.5

 

 

 

34.0

 

 

 

55.9

 

 

 

16.1

 

 

 

19.2

 

Total Current Regulatory Assets

 

 

78.3

 

 

 

115.4

 

 

 

48.9

 

 

 

84.0

 

 

 

16.1

 

 

 

19.2

 

Noncurrent:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Future income taxes due from customers

 

 

154.2

 

 

 

150.7

 

 

 

146.6

 

 

 

142.7

 

 

 

1.6

 

 

 

1.8

 

Pension and postretirement benefit costs

 

 

217.8

 

 

 

237.5

 

 

 

157.0

 

 

 

166.5

 

 

 

59.1

 

 

 

68.2

 

Cost of removal

 

 

688.3

 

 

 

668.2

 

 

 

98.8

 

 

 

97.0

 

 

 

589.6

 

 

 

571.2

 

Unamortized purchased gas adjustments

 

 

9.0

 

 

 

1.2

 

 

 

9.0

 

 

 

1.2

 

 

 

 

 

 

 

Energy efficiency

 

 

65.0

 

 

 

61.0

 

 

 

65.0

 

 

 

61.0

 

 

 

 

 

 

 

Other

 

 

189.2

 

 

 

133.2

 

 

 

176.8

 

 

 

119.6

 

 

 

0.3

 

 

 

0.8

 

Total Noncurrent Regulatory Assets

 

 

1,323.5

 

 

 

1,251.8

 

 

 

653.2

 

 

 

588.0

 

 

 

650.6

 

 

 

642.0

 

Total Regulatory Assets

 

$

1,401.8

 

 

$

1,367.2

 

 

$

702.1

 

 

$

672.0

 

 

$

666.7

 

 

$

661.2

 

Regulatory Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unamortized purchased gas adjustments

 

$

34.9

 

 

$

42.3

 

 

$

13.9

 

 

$

10.2

 

 

$

20.2

 

 

$

30.9

 

Other

 

 

4.5

 

 

 

7.2

 

 

 

 

 

 

 

 

 

0.1

 

 

 

2.9

 

Total Current Regulatory Liabilities

 

 

39.4

 

 

 

49.5

 

 

 

13.9

 

 

 

10.2

 

 

 

20.3

 

 

 

33.8

 

Noncurrent:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred taxes due to customers

 

 

100.3

 

 

 

114.2

 

 

 

88.8

 

 

 

101.8

 

 

 

 

 

 

 

Pension and postretirement benefit costs

 

 

300.1

 

 

 

232.9

 

 

 

261.2

 

 

 

196.6

 

 

 

26.5

 

 

 

25.1

 

Accrued cost of removal

 

 

138.2

 

 

 

133.6

 

 

 

96.0

 

 

 

94.5

 

 

 

 

 

 

 

Unamortized purchased gas adjustments

 

 

6.5

 

 

 

17.2

 

 

 

6.5

 

 

 

17.2

 

 

 

 

 

 

 

Other

 

 

32.9

 

 

 

37.6

 

 

 

28.8

 

 

 

33.2

 

 

 

2.7

 

 

 

3.2

 

Total Noncurrent Regulatory Liabilities

 

 

578.0

 

 

 

535.5

 

 

 

481.3

 

 

 

443.3

 

 

 

29.2

 

 

 

28.3

 

Total Regulatory Liabilities

 

$

617.4

 

 

$

585.0

 

 

$

495.2

 

 

$

453.5

 

 

$

49.5

 

 

$

62.1

 

Schedule of Regulatory Assets Not Earning Return

A portion of the Company’s and Spire Missouri's regulatory assets are not earning a return, as shown in the table below:

 

 

 

Spire

 

 

Spire Missouri

 

September 30

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Pension and postretirement benefit costs

 

$

119.1

 

 

$

129.7

 

 

$

119.1

 

 

$

129.7

 

Future income taxes due from customers

 

 

152.7

 

 

 

148.9

 

 

 

146.6

 

 

 

142.7

 

Unamortized purchase gas adjustments

 

 

23.9

 

 

 

29.3

 

 

 

23.9

 

 

 

29.3

 

Other

 

 

177.0

 

 

 

132.5

 

 

 

177.0

 

 

 

132.5

 

Total Regulatory Assets Not Earning a Return

 

$

472.7

 

 

$

440.4

 

 

$

466.6

 

 

$

434.2