SEGMENTS OF BUSINESS (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segments of Business

Information about SJI’s operations in different reportable operating segments is presented below (in thousands). All prior periods were revised to conform to the new segment alignment noted above.

	Three Months Ended March 31,
	2021		2020
Operating Revenues:
SJI Utilities:
SJG Utility Operations	$	251,399	$	240,694
ETG Utility Operations	157,545		144,157
ELK Utility Operations	—		3,118
Subtotal SJI Utilities	408,944		387,969
Energy Management:
Wholesale Energy Operations	261,910		128,444
Retail Services	3,896		13,083
Subtotal Energy Management	265,806		141,527
Energy Production:
Renewables	6,423		6,988
Subtotal Energy Production	6,423		6,988
Corporate and Services	13,793		13,341
Subtotal	694,966		549,825
Intersegment Sales	(20,666)		(15,713)
Total Operating Revenues	$	674,300	$	534,112

	Three Months Ended March 31,
	2021		2020
Operating Income:
SJI Utilities:
SJG Utility Operations	$	118,842	$	104,645
ETG Utility Operations	58,020		54,062
ELK Utility Operations	—		535
Subtotal SJI Utilities	176,862		159,242
Energy Management:
Wholesale Energy Operations	17,308		7,412
Retail Services	(220)		(768)
Subtotal Energy Management	17,088		6,644
Energy Production:
Renewables	2,700		(296)
Subtotal Energy Production	2,700		(296)
Corporate and Services	178		172
Total Operating Income	$	196,828	$	165,762
Depreciation and Amortization:
SJI Utilities:
SJG Utility Operations	$	29,484	$	25,059
ETG Utility Operations	22,630		9,451
ELK Utility Operations	—		133
Subtotal SJI Utilities	52,114		34,643
Energy Management:
Wholesale Energy Operations	20		16
Retail Services	118		—
Subtotal Energy Management	138		16
Energy Production:
Renewables	1,198		3
Subtotal Energy Production	1,198		3
Corporate and Services	990		1,240
Total Depreciation and Amortization	$	54,440	$	35,902
Interest Charges:
SJI Utilities:
SJG Utility Operations	$	9,725	$	7,542
ETG Utility Operations	8,693		7,145
ELK Utility Operations	—		12
Subtotal SJI Utilities	18,418		14,699
Energy Production:
Renewables	1,208		1,602
Decarbonization	294		—
Subtotal Energy Production:	1,502		1,602
Midstream	671		580
Corporate and Services	12,843		17,887
Subtotal	33,434		34,768

Intersegment Borrowings	(1,975)		(2,232)
Total Interest Charges	$	31,459	$	32,536

	Three Months Ended March 31,
	2021		2020
Income Taxes:
SJI Utilities:
SJG Utility Operations	$	27,114	$	25,231
ETG Utility Operations	12,153		10,621
ELK Utility Operations	—		136
Subtotal SJI Utilities	39,267		35,988
Energy Management:
Wholesale Energy Operations	4,912		2,006
Retail Services	172		(29)
Subtotal Energy Management	5,084		1,977
Energy Production:
Renewables	464		1,049
Decarbonization	197		—
Subtotal Energy Production	661		1,049
Midstream	(61)		(29)
Corporate and Services	(3,182)		(5,615)
Total Income Taxes	$	41,769	$	33,370
Property Additions:
SJI Utilities:
SJG Utility Operations	$	53,409	$	57,970
ETG Utility Operations	41,130		49,014
ELK Utility Operations	—		651
Subtotal SJI Utilities	94,539		107,635
Energy Production:
Renewables	773		53
Decarbonization	836		—
Subtotal Energy Production	1,609		53
Midstream	4		45
Corporate and Services	744		661
Total Property Additions	$	96,896	$	108,394

	March 31, 2021		December 31, 2020
Identifiable Assets:
SJI Utilities:
SJG Utility Operations	$	3,554,139	$	3,522,265
ETG Utility Operations	2,583,939		2,561,067
Subtotal SJI Utilities	6,138,078		6,083,332
Energy Management:
Wholesale Energy Operations	174,736		195,882
Retail Services	27,775		29,687
Subtotal Energy Management	202,511		225,569
Energy Production:
Renewables	144,036		153,018
Decarbonization	42,136		40,482
Subtotal Energy Production	186,172		193,500
Midstream	94,191		92,208
Discontinued Operations	1,756		1,775
Corporate and Services	281,016		318,095
Intersegment Assets	(189,216)		(225,331)
Total Identifiable Assets	$	6,714,508	$	6,689,148