National Grid 2012 Annual Report Download - page 21
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The following table presents the Company’ s regulatory assets and regulatory liabilities included in the accompanying
consolidated balance sheets that do not incur any carrying charges at March 31, 2012 and March 31, 2011:
2012 2011
Regulatory assets
Stranded costs 1$ 455$
Renewable energy credits 63 29
Rate adjustment mechanisms 198 28
Derivative contracts 168 116
Pension and postretirement benefit plans 1,675 1,376
Revenue decoupling 47 14
Deferred environmental restoration costs 371 448
Regulatory tax asset 82 118
Storm cost recoveries 18 173
Merger savings 216 228
Yankee nuclear decommissioning costs 28 88
Loss on reacquired debt 31 35
Transportation marketer credit -117
Property and other taxes 17 41
Capital tracker 46 29
Other 99 148
Total 3,060 3,443
Regulatory liabilities
Deferred gas costs 14 49
Rate adjustment mechanisms 33 16
Alliance profit 23 7
Statement of policy buyback 20 26
Derivative contracts 79 164
Removal costs recovered 1,478 1,453
CTC charges and other liabilitites 25 109
Pension and postretirement benefit plans 260 190
Environmental response fund and insurance recoveries 42 23
Property and other taxes 741
Net delivery rate adjustment 185
Rate subject to refund 50 13
Transition balancing accounts 36 36
Other 95 358
Total 2,163 2,570
Net regulatory assets 897$ 873$
March 31,
(in millions of dollars)