FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Investments, All Other Investments [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):

	September 30, 2022
Balance Sheet Line Item	SJI		SJG
Cash and Cash Equivalents	$	52,763	$	1,331
Restricted Investments	775		725
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	53,538	$	2,056

	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):

	September 30, 2022
Balance Sheet Line Item	SJI		SJG
Cash and Cash Equivalents	$	52,763	$	1,331
Restricted Investments	775		725
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	53,538	$	2,056

	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

A summary of changes in the allowance for credit losses for the three and nine months ended September 30, 2022 and 2021 is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
SJI (includes SJG and all other consolidated subsidiaries):
Balance at beginning of period	$	50,876	$	42,233	$	41,763	$	30,582
Provision for expected credit losses	2,435		2,375		7,355		7,621
Regulated assets (a)	(5,863)		(293)		815		8,982
Recoveries of accounts previously written off	326		414		1,324		772
Uncollectible accounts written off	(3,367)		(1,664)		(6,850)		(4,892)
Balance at end of period	$	44,407	$	43,065	$	44,407	$	43,065
SJG:
Balance at beginning of period	$	29,791	$	21,706	$	25,166	$	17,359
Provision for expected credit losses	1,816		1,411		5,499		5,529
Regulated assets (a)	(1,598)		1,059		(44)		3,030
Recoveries of accounts previously written off	156		400		814		503
Uncollectible accounts written off	(1,200)		(702)		(2,470)		(2,547)
Balance at end of period	$	28,965	$	23,874	$	28,965	$	23,874

(a) Net change in COVID-19 pandemic incremental expected credit losses from uncollectible accounts deferred 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 September 30, 2022 and December 31, 2021, except as noted below (in thousands):

	September 30, 2022		December 31, 2021
SJI (includes SJG and all consolidated entities)
Estimated fair values of long-term debt	$	3,282,165	$	3,653,868
Carrying amounts of long-term debt, including current maturities (A)	$	3,597,838	$	3,255,085
Net of:
Unamortized debt issuance costs	$	37,673	$	38,462
Unamortized debt discounts	$	5,068	$	5,135
SJG
Estimated fair values of long-term debt	$	888,073	$	1,171,657
Carrying amounts of long-term debt, including current maturities	$	1,019,145	$	1,041,811
Net of:
Unamortized debt issuance costs	$	8,217	$	8,726

(A) SJI Long-Term Debt on the condensed consolidated balance sheets as of September 30, 2022 and December 31, 2021 includes $5.7 million and $5.6 million of finance leases, respectively.