| Components of Regulatory Assets |
The regulatory assets represent costs that are expected to be fully recovered from customers in future rates. Except for income taxes, regulatory assets are excluded from the Company’s rate base and generally do not earn a return. The components of regulatory assets at December 31 are as follows:
|
2013 |
|
|
2012 |
|
Income taxes recoverable through rates |
$ |
242,902 |
|
|
$ |
242,653 |
|
Debt and preferred stock expense |
|
72,349 |
|
|
|
73,474 |
|
Deferred pension expense |
|
109,799 |
|
|
|
326,578 |
|
Deferred other postretirement benefit expense |
|
3,653 |
|
|
|
167,414 |
|
Deferred security costs |
|
139 |
|
|
|
2,240 |
|
Deferred business services project expense |
|
7,763 |
|
|
|
8,226 |
|
Deferred tank painting costs |
|
33,519 |
|
|
|
31,526 |
|
Deferred rate case expense |
|
9,407 |
|
|
|
11,614 |
|
Purchase premium recoverable through rates |
|
60,787 |
|
|
|
60,241 |
|
Environmental remediation recoverable through rates |
|
8,027 |
|
|
|
8,656 |
|
Coastal water project costs |
|
16,826 |
|
|
|
21,175 |
|
San Clemente Dam project costs |
|
44,404 |
|
|
|
31,403 |
|
Removal costs recoverable through rates |
|
126,771 |
|
|
|
98,541 |
|
Other |
|
122,119 |
|
|
|
115,373 |
|
|
$ |
858,465 |
|
|
$ |
1,199,114 |
|
|
| Components of Regulatory Liabilities |
The components of regulatory liabilities at December 31 are as follows:
|
2013 |
|
|
2012 |
|
|
|
|
|
|
|
|
|
Removal costs recovered through rates |
$ |
301,537 |
|
|
$ |
285,901 |
|
Other |
|
71,782 |
|
|
|
78,280 |
|
|
$ |
373,319 |
|
|
$ |
364,181 |
|
|
|
|
|
|
|
|
|
|