REGULATORY ASSETS AND REGULATORY LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2022

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

The Utilities' Regulatory Assets as of September 30, 2022 and December 31, 2021 consisted of the following items (in thousands):

	September 30, 2022
	SJG		ETG		Total SJI
Environmental Remediation Costs:
Expended - Net	$	150,189	$	24,268	$	174,457
Liability for Future Expenditures	97,492		75,443		172,935
Deferred ARO Costs	52,395		37,910		90,305
Deferred Pension and Other Postretirement Benefit Costs - Unrecognized Prior Service Cost	—		28,438		28,438
Deferred Pension and Other Postretirement Benefit Costs	47,504		611		48,115
Deferred Gas Costs - Net	16,217		—		16,217
CIP Receivable	11,053		3,884		14,937
SBC Receivable (excluding RAC)	7,308		551		7,859
Deferred Interest Rate Contracts	2,861		—		2,861
EET/EEP	24,464		7,657		32,121
AFUDC - Equity Related Deferrals	12,675		—		12,675
Deferred COVID-19 Costs	7,791		11,625		19,416
Other Regulatory Assets	23,319		2,694		26,013
Total Regulatory Assets	$	453,268	$	193,081	$	646,349

	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 September 30, 2022 and December 31, 2021 consisted of the following items (in thousands):

	September 30, 2022
	SJG		ETG		Total SJI
Excess Plant Removal Costs	$	12,947	$	35,221	$	48,168
Excess Deferred Taxes	193,830		108,790		302,620
Deferred Gas Costs - Net	—		52,535		52,535
Other Regulatory Liabilities	3,549		1,727		5,276
Total Regulatory Liabilities	$	210,326	$	198,273	$	408,599

	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