Utility Regulatory Assets and Liabilities and Regulatory Matters (Tables)

12 Months Ended

Sep. 30, 2020

The following regulatory assets and liabilities associated with UGI Utilities are included in our Consolidated Balance Sheets at September 30:


	2020		2019
Regulatory assets (a):
Income taxes recoverable	$	124	$	115
Underfunded pension and postretirement plans	175		179
Environmental costs	61		60

Removal costs, net	26		28
Other	11		14
Total regulatory assets	$	397	$	396
Regulatory liabilities (a):
Postretirement benefit overcollections	$	13	$	15

Deferred fuel and power refunds	29		6
State income tax benefits — distribution system repairs	28		25
PAPUC Temporary Rates Order	7		31
Excess federal deferred income taxes	274		280
Other	2		2
Total regulatory liabilities	$	353	$	359

(a) Current regulatory assets are recorded in “Other current assets” on the Consolidated Balance Sheets. Regulatory liabilities are recorded in “Other current liabilities” and “Other noncurrent liabilities” on the Consolidated Balance Sheets.

Schedule of Regulatory Liabilities

The following regulatory assets and liabilities associated with UGI Utilities are included in our Consolidated Balance Sheets at September 30:


	2020		2019
Regulatory assets (a):
Income taxes recoverable	$	124	$	115
Underfunded pension and postretirement plans	175		179
Environmental costs	61		60

Removal costs, net	26		28
Other	11		14
Total regulatory assets	$	397	$	396
Regulatory liabilities (a):
Postretirement benefit overcollections	$	13	$	15

Deferred fuel and power refunds	29		6
State income tax benefits — distribution system repairs	28		25
PAPUC Temporary Rates Order	7		31
Excess federal deferred income taxes	274		280
Other	2		2
Total regulatory liabilities	$	353	$	359