PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

9 Months Ended

Sep. 30, 2022

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Net Periodic Benefit Costs

For the three and nine months ended September 30, 2022 and 2021, net periodic benefit cost related to the SJI employee and officer pension and other postretirement benefit plans consisted of the following components (in thousands):

	Pension Benefits
	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Service Cost	$	1,241	$	1,519	$	3,880	$	4,701
Interest Cost	3,681		3,404		10,510		9,876
Expected Return on Plan Assets	(5,736)		(6,154)		(18,137)		(17,821)
Amortizations:
Prior Service Cost	17		25		53		73
Actuarial Loss	2,014		3,325		5,691		9,713
Net Periodic Benefit Cost	1,217		2,119		1,997		6,542
Settlement Cost	202		—		202		—
Capitalized Benefit Cost	(409)		(577)		(1,405)		(1,708)
Deferred Benefit Cost (Credit)	8		(339)		677		(971)
Total Net Periodic Benefit Expense	$	1,018	$	1,203	$	1,471	$	3,863

	Other Postretirement Benefits
	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Service Cost	$	154	$	212	$	499	$	638
Interest Cost	494		475		1,499		1,424
Expected Return on Plan Assets	(1,692)		(1,436)		(5,075)		(4,308)
Amortizations:
Prior Service Cost	(156)		(156)		(468)		(468)
Actuarial Loss	25		273		94		817
Net Periodic Benefit Cost	(1,175)		(632)		(3,451)		(1,897)
Capitalized Benefit Cost	(49)		(108)		(169)		(320)
Deferred Benefit Cost	355		337		1,420		1,010
Total Net Periodic Benefit Expense	$	(869)	$	(403)	$	(2,200)	$	(1,207)