REGULATORY ASSETS AND REGULATORY LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2022

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

The Utilities' Regulatory Assets as of March 31, 2022 and December 31, 2021 consisted of the following items (in thousands):

	March 31, 2022
	SJG		ETG		Total SJI
Environmental Remediation Costs:
Expended - Net	$	150,400	$	21,609	$	172,009
Liability for Future Expenditures	91,470		74,729		166,199
Deferred ARO Costs	49,311		35,519		84,830
Deferred Pension and Other Postretirement Benefit Costs - Unrecognized Prior Service Cost	—		30,062		30,062
Deferred Pension and Other Postretirement Benefit Costs	47,504		813		48,317
Deferred Gas Costs - Net	369		—		369
CIP Receivable	14,522		4,215		18,737
SBC Receivable (excluding RAC)	7,637		—		7,637
Deferred Interest Rate Contracts	6,017		—		6,017
EET/EEP	16,786		3,980		20,766
AFUDC - Equity Related Deferrals	12,345		—		12,345
WNC	—		1,160		1,160
Deferred COVID-19 Costs	9,401		12,604		22,005
Other Regulatory Assets	24,120		9,656		33,776
Total Regulatory Assets	$	429,882	$	194,347	$	624,229

	December 31, 2021
	SJG		ETG		Total SJI
Environmental Remediation Costs:
Expended - Net	$	151,630	$	13,972	$	165,602
Liability for Future Expenditures	97,964		77,830		175,794
Deferred ARO Costs	47,784		33,872		81,656
Deferred Pension and Other Postretirement Benefit Costs - Unrecognized Prior Service Cost	—		30,881		30,881
Deferred Pension and Other Postretirement Benefit Costs	47,504		813		48,317
Deferred Gas Costs - Net	38,234		—		38,234
CIP Receivable	17,776		2,955		20,731
SBC Receivable (excluding RAC)	7,519		—		7,519
Deferred Interest Rate Contracts	8,002		—		8,002
EET/EEP	20,632		5,199		25,831
AFUDC - Equity Related Deferrals	12,199		—		12,199
WNC	—		4,269		4,269
Deferred COVID-19 Costs	7,687		10,225		17,912
Other Regulatory Assets	25,814		9,655		35,469
Total Regulatory Assets	$	482,745	$	189,671	$	672,416

Schedule of Regulatory Liabilities

The Utilities Regulatory Liabilities as of March 31, 2022 and December 31, 2021 consisted of the following items (in thousands):

	March 31, 2022
	SJG		ETG		Total SJI
Excess Plant Removal Costs	$	12,392	$	34,826	$	47,218
Excess Deferred Taxes	199,350		110,265		309,615
Deferred Gas Costs - Net	—		75,416		75,416
Other Regulatory Liabilities	6,124		5,266		11,390
Total Regulatory Liabilities	$	217,866	$	225,773	$	443,639

	December 31, 2021
	SJG		ETG		Total SJI
Excess Plant Removal Costs	$	12,125	$	33,988	$	46,113
Excess Deferred Taxes	206,902		111,003		317,905
Deferred Gas Costs - Net	—		28,842		28,842
Other Regulatory Liabilities	3,384		2,707		6,091
Total Regulatory Liabilities	$	222,411	$	176,540	$	398,951