REGULATORY MATTERS (Tables)

6 Months Ended

Jun. 30, 2026

Net Changes in Regulatory Assets and Liabilities

The net changes in regulatory assets and liabilities associated with our Regulated Operating Subsidiaries’ Formula Rate revenue accruals and deferrals, including accrued interest, were as follows during the six months ended June 30, 2026:


(In millions of USD)	Total
Net regulatory assets as of December 31, 2025	$	23
Net collection of 2024 revenue deferrals and accruals, including accrued interest	(6)
Net revenue accruals, including accrued interest	19

Net regulatory assets as of June 30, 2026	$	36

Schedule of Regulatory Assets and Liabilities

Regulatory assets and liabilities associated with our Regulated Operating Subsidiaries’ Formula Rate revenue accruals and deferrals, including accrued interest, are recorded on the condensed consolidated statements of financial position as follows:


	June 30,		December 31,
(In millions of USD)	2026		2025
Current regulatory assets	$	31	$	28
Non-current regulatory assets	45		33
Current regulatory liabilities	(19)		(16)
Non-current regulatory liabilities	(21)		(22)
Net regulatory assets	$	36	$	23