XML 72 R53.htm IDEA: XBRL DOCUMENT v3.22.0.1
LINES OF CREDIT & SHORT-TERM BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2021
Line of Credit Facility [Abstract]  
Schedule of Credit Facilities and Available Liquidity Credit facilities and available liquidity as of December 31, 2021 were as follows (in thousands):
CompanyTotal FacilityUsageAvailable LiquidityExpiration Date
SJI:    
   SJI Syndicated Revolving Credit Facility$500,000 $152,800 (A)$347,200 September 2026
SJG:    
   Commercial Paper Program/Revolving Credit
   Facility
250,000 109,900 (B)140,100 September 2026
ETG:
   ETG Revolving Credit Facility250,000 84,000 (C)166,000 September 2026
Total$1,000,000 $346,700 $653,300  

(A) Includes letters of credit outstanding in the amount of $9.8 million, which is used to enable SJE to market retail electricity as well as for various construction and operating activities.

(B) Includes letters of credit outstanding in the amount of $1.9 million, which supports the remediation of environmental conditions at certain locations in SJG's service territory.

(C) Includes letters of credit outstanding in the amount of $1.0 million, which supports ETG's construction activity.
The weighted average interest rate on these borrowings, which changes daily, were as follows:
December 31, 2021December 31, 2020December 31, 2019
Weighted average interest rate on borrowings:
SJI (inclusive of all subsidiaries' facilities)1.05 %1.35 %2.67 %
SJG0.34 %0.23 %1.99 %

Average borrowings and maximum amounts outstanding on these facilities for the years ended December 31 were as follows (in thousands):
20212020
Average borrowings outstanding, not including letters of credit:
SJI (inclusive of all subsidiaries' facilities)$190,000 $472,900 
SJG$40,900 $116,600 
Maximum amounts outstanding, not including letters of credit:
SJI (inclusive of all subsidiaries' facilities)$452,900 $872,200 
SJG$123,000 $187,000