Utility Regulatory Assets and Liabilities and Regulatory Matters (Tables)

6 Months Ended

Mar. 31, 2021

The following regulatory assets and liabilities associated with UGI Utilities are included on the Condensed Consolidated Balance Sheets:


	March 31, 2021		September 30, 2020		March 31, 2020
Regulatory assets (a):
Income taxes recoverable	$	128	$	124	$	127
Underfunded pension and postretirement plans	169		175		172
Environmental costs	59		61		57

Removal costs, net	24		26		25
Other	18		11		10
Total regulatory assets	$	398	$	397	$	391
Regulatory liabilities (a):
Postretirement benefit overcollections	$	12	$	13	$	14

Deferred fuel and power refunds	17		29		11
State tax benefits — distribution system repairs	29		28		28
PAPUC Temporary Rates Order	2		7		15
Excess federal deferred income taxes	270		274		277
Other	5		2		1
Total regulatory liabilities	$	335	$	353	$	346

(a)Current regulatory assets are included in “Prepaid expenses and other current assets” and regulatory liabilities are included in “Other current liabilities” and “Other noncurrent liabilities” on the Condensed Consolidated Balance Sheets.

Schedule of Regulatory Liabilities

The following regulatory assets and liabilities associated with UGI Utilities are included on the Condensed Consolidated Balance Sheets:


	March 31, 2021		September 30, 2020		March 31, 2020
Regulatory assets (a):
Income taxes recoverable	$	128	$	124	$	127
Underfunded pension and postretirement plans	169		175		172
Environmental costs	59		61		57

Removal costs, net	24		26		25
Other	18		11		10
Total regulatory assets	$	398	$	397	$	391
Regulatory liabilities (a):
Postretirement benefit overcollections	$	12	$	13	$	14

Deferred fuel and power refunds	17		29		11
State tax benefits — distribution system repairs	29		28		28
PAPUC Temporary Rates Order	2		7		15
Excess federal deferred income taxes	270		274		277
Other	5		2		1
Total regulatory liabilities	$	335	$	353	$	346