FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2021

Financial Instruments, Owned, at Fair Value [Abstract]

Reconciliation of cash and cash equivalents

The following table provides SJI's (including SJG) and SJG's balances of Restricted Investments as well as presents a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that total to the amounts shown in the condensed consolidated statements of cash flows (in thousands):



	As of September 30, 2021
Balance Sheet Line Item	SJI		SJG
Cash and Cash Equivalents	$	25,415	$	1,986
Restricted Investments	34		34
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	25,449	$	2,020


	As of December 31, 2020
Balance Sheet Line Item	SJI		SJG
Cash and Cash Equivalents	$	34,045	$	1,598
Restricted Investments	7,786		4,826
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	41,831	$	6,424

Reconciliation of restricted cash



	As of September 30, 2021
Balance Sheet Line Item	SJI		SJG
Cash and Cash Equivalents	$	25,415	$	1,986
Restricted Investments	34		34
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	25,449	$	2,020


	As of December 31, 2020
Balance Sheet Line Item	SJI		SJG
Cash and Cash Equivalents	$	34,045	$	1,598
Restricted Investments	7,786		4,826
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	41,831	$	6,424

Schedule of allowance for credit losses

ALLOWANCE FOR CREDIT LOSSES - Accounts receivable are recorded gross on the condensed consolidated balance sheets with allowance for credit losses shown as a separate line item titled Provision for Uncollectibles. A summary of changes in the allowance for credit losses for the three and nine months ended September 30, 2021 is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
SJI (includes SJG and all other consolidated subsidiaries):
Balance at beginning of period	$	42,233	$	30,410	$	30,582	$	19,829
Provision for expected credit losses	2,375		5,416		7,621		19,994
Regulated assets (a)	(293)		—		8,982		—
Recoveries of accounts previously written off	414		126		772		688
Uncollectible accounts written off	(1,664)		(2,935)		(4,892)		(7,494)
Balance at end of period	$	43,065	$	33,017	$	43,065	$	33,017

SJG:
Balance at beginning of period	$	21,706	$	14,472	$	17,359	$	14,032
Provision for expected credit losses	1,411		4,783		5,529		8,255
Regulated assets (a)	1,059		—		3,030		—
Recoveries of accounts previously written off	400		4		503		295
Uncollectible accounts written off	(702)		(2,422)		(2,547)		(5,745)
Balance at end of period	$	23,874	$	16,837	$	23,874	$	16,837

(a) Deferral of incremental costs related to the COVID-19 pandemic as a regulatory asset, resulting from a July 2, 2020 BPU Order (see Note 8). ETG’s incremental costs were lower during the third quarter 2021 resulting from lower allowance for credit losses due to seasonality, resulting in the negative balance for SJI during the three months ended September 30, 2021.

Schedule of estimated fair values and carrying values of long-term debt

The carrying amounts of SJI's and SJG's financial instruments approximate their fair values at September 30, 2021 and December 31, 2020, except as noted below (in thousands):


	September 30, 2021		December 31, 2020
SJI (includes SJG and all consolidated entities)
Estimated fair values of long-term debt	$	3,604,517	$	3,152,224

Carrying amounts of long-term debt, including current maturities (A)	$	3,261,945	$	2,919,201
Net of:
Unamortized debt issuance costs	$	39,465	$	29,574
Unamortized debt discounts	$	5,157	$	5,224

SJG
Estimated fair values of long-term debt	$	1,171,515	$	1,197,052

Carrying amounts of long-term debt, including current maturities	$	1,049,551	$	1,069,089
Net of:
Unamortized debt issuance costs	$	8,895	$	9,357

(A) SJI Long-Term Debt on the consolidated balance sheet as of September 30, 2021 and December 31, 2020 includes $5.6 million and $3.1 million of finance leases, respectively.