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LONG-TERM DEBT
9 Months Ended
Sep. 30, 2013
Long-term Debt, Unclassified [Abstract]  
LONG-TERM DEBT
LONG-TERM DEBT:

In February 2012, SJG called its $35.0 million, 7.70% Medium Term Notes (MTN's) due April 2027 at par, plus a 2.0% premium. The early redemption occurred concurrently with the issuance in April 2012 of $35.0 million, 3.74% Series D MTN due April 2032.

During the third quarter of 2013, SJG redeemed at par $10.5 million of 4.46% MTN's issued in July 2003 and $14.5 million of 5.027% MTN's issued in September 2003.

In September 2013, SJG agreed in principle to issue $80.0 million of MTN's under a private placement. SJG expects to issue $50.0 million of 4.01% MTN's in November 2013, due November 2030, and $30.0 million of 4.23% MTN's in January 2014, due January 2030.

We retire debt when it is cost effective as permitted by the debt agreements.  Our long-term debt agreements contain no financial covenants.

The Company did not issue any long-term debt during the nine months ended September 30, 2013.