FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2022

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):

	March 31, 2022
Balance Sheet Line Item	SJI		SJG
Cash and Cash Equivalents	$	32,522	$	3,234
Restricted Investments	84		34
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	32,606	$	3,268

	December 31, 2021
Balance Sheet Line Item	SJI		SJG
Cash and Cash Equivalents	$	28,754	$	3,360
Restricted Investments	686		686
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	29,440	$	4,046

Reconciliation of Restricted Cash

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):

	March 31, 2022
Balance Sheet Line Item	SJI		SJG
Cash and Cash Equivalents	$	32,522	$	3,234
Restricted Investments	84		34
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	32,606	$	3,268

	December 31, 2021
Balance Sheet Line Item	SJI		SJG
Cash and Cash Equivalents	$	28,754	$	3,360
Restricted Investments	686		686
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	29,440	$	4,046

Schedule of Allowance for Credit Losses

ALLOWANCE FOR CREDIT LOSSES - Accounts receivable and unbilled revenues 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 months ended March 31, 2022 and 2021 is as follows (in thousands):

	Three Months Ended March 31,
	2022		2021
SJI (includes SJG and all other consolidated subsidiaries):
Balance at beginning of period	$	41,763	$	30,582
Provision for expected credit losses	2,453		2,409
Regulated assets (a)	4,044		4,134
Recoveries of accounts previously written off	79		230
Uncollectible accounts written off	(1,370)		(1,500)
Balance at end of period	$	46,969	$	35,855
SJG:
Balance at beginning of period	$	25,166	$	17,359
Provision for expected credit losses	1,834		1,760
Regulated assets (a)	1,752		2,194
Recoveries of accounts previously written off	42		127
Uncollectible accounts written off	(428)		(967)
Balance at end of period	$	28,366	$	20,473

(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).

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 March 31, 2022 and December 31, 2021, except as noted below (in thousands):

	March 31, 2022		December 31, 2021
SJI (includes SJG and all consolidated entities)
Estimated fair values of long-term debt	$	3,384,680	$	3,653,868
Carrying amounts of long-term debt, including current maturities (A)	$	3,253,647	$	3,255,085
Net of:
Unamortized debt issuance costs	$	37,446	$	38,462
Unamortized debt discounts	$	5,113	$	5,135
SJG
Estimated fair values of long-term debt	$	1,047,429	$	1,171,657
Carrying amounts of long-term debt, including current maturities	$	1,039,480	$	1,041,811
Net of:
Unamortized debt issuance costs	$	8,557	$	8,726

(A) SJI Long-Term Debt on the condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021 includes $5.7 million and $5.6 million of finance leases, respectively.