The Company has recorded the following regulatory assets and liabilities:



	At September 30
	2014			2013
	(Thousands)
Regulatory Assets(1):
Pension Costs(2) (Note H)	$	164,804		$	187,181
Post-Retirement Benefit Costs(2) (Note H)	17,128			29,838
Recoverable Future Taxes (Note D)	163,485			163,355
Environmental Site Remediation Costs(2) (Note I)	25,645			18,104
NYPSC Assessment(3)	12,730			13,169
Asset Retirement Obligations(2) (Note B)	12,006			11,837
Unamortized Debt Expense (Note A)	2,747			3,276
Other(4)	14,842			19,434
Total Regulatory Assets	413,387			446,194
Less: Amounts Included in Other Current Assets	(22,719		)	(26,995		)
Total Long-Term Regulatory Assets	$	390,668		$	419,199



	At September 30
	2014			2013
	(Thousands)
Regulatory Liabilities:
Cost of Removal Regulatory Liability	$	173,199		$	157,622
Taxes Refundable to Customers (Note D)	91,736			85,655
Post-Retirement Benefit Costs (Note H)	53,650			37,923
Amounts Payable to Customers (See Regulatory Mechanisms in Note A)	33,745			12,828
Off-System Sales and Capacity Release Credits(5)	12,805			10,228
Other(6)	32,769			33,411
Total Regulatory Liabilities	397,904			337,667
Less: Amounts included in Current and Accrued Liabilities	(51,817		)	(32,841		)
Total Long-Term Regulatory Liabilities	$	346,087		$	304,826

(1)

The Company recovers the cost of its regulatory assets but generally does not earn a return on them. There are a few exceptions to this rule. For example, the Company does earn a return on Unrecovered Purchased Gas Costs and, in the New York jurisdiction of its Utility segment, earns a return, within certain parameters, on the excess of cumulative funding to the pension plan over the cumulative amount collected in rates.


(2)	Included in Other Regulatory Assets on the Consolidated Balance Sheets.


(3)	Amounts are included in Other Current Assets on the Consolidated Balance Sheets at September 30, 2014 and September 30, 2013 since such amounts are expected to be recovered from ratepayers in the next 12 months.


(4)	$9,989 and $13,826 are included in Other Current Assets on the Consolidated Balance Sheets at September 30, 2014 and 2013, respectively, since such amounts are expected to be recovered from ratepayers in the next 12 months. $4,853 and $5,608 are included in Other Regulatory Assets on the Consolidated Balance Sheets at September 30, 2014 and 2013, respectively.


(5)	Amounts are included in Other Accruals and Current Liabilities on the Consolidated Balance Sheets at September 30, 2014 and September 30, 2013 since such amounts are expected to be passed back to ratepayers in the next 12 months.


(6)	$5,267 and $9,785 are included in Other Accruals and Current Liabilities on the Consolidated Balance Sheets at September 30, 2014 and 2013, respectively, since such amounts are expected to be recovered from ratepayers in the next 12 months. $27,502 and $23,626 are included in Other Regulatory Liabilities on the Consolidated Balance Sheets at September 30, 2014 and 2013, respectively.