XML 81 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Property, Plant and Equipment:    
Utility Plant, at original cost $ 2,002,966us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService $ 1,816,804us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService
Accumulated Depreciation (413,597)us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation (392,029)us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
Property, Plant and Equipment - Net 1,589,369us-gaap_PropertyPlantAndEquipmentNet 1,424,775us-gaap_PropertyPlantAndEquipmentNet
Investments:    
Available-for-Sale Securities 8,894sji_SecuritiesAvailableForSale 8,696sji_SecuritiesAvailableForSale
Restricted Investments 7,961sji_InvestmentsRestricted 680sji_InvestmentsRestricted
Total Investments 16,855us-gaap_Investments 9,376us-gaap_Investments
Current Assets:    
Cash and Cash Equivalents 1,778us-gaap_CashAndCashEquivalentsAtCarryingValue 2,020us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts Receivable 60,535us-gaap_AccountsReceivableGrossCurrent 60,317us-gaap_AccountsReceivableGrossCurrent
Accounts Receivable - Related Parties 1,157us-gaap_AccountsReceivableRelatedPartiesCurrent 968us-gaap_AccountsReceivableRelatedPartiesCurrent
Unbilled Revenues 49,910sji_UnbilledRevenues 41,510sji_UnbilledRevenues
Provision for Uncollectibles (6,601)us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent (4,553)us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent
Natural Gas in Storage, average cost 25,325us-gaap_EnergyRelatedInventoryNaturalGasInStorage 20,811us-gaap_EnergyRelatedInventoryNaturalGasInStorage
Materials and Supplies, average cost 1,104us-gaap_InventoryRawMaterialsAndSupplies 1,798us-gaap_InventoryRawMaterialsAndSupplies
Deferred Income Taxes - Net 44,064us-gaap_DeferredTaxAssetsNetCurrent 23,309us-gaap_DeferredTaxAssetsNetCurrent
Prepaid Taxes 13,601us-gaap_PrepaidTaxes 7,683us-gaap_PrepaidTaxes
Derivatives - Energy Related Assets 2,051us-gaap_EnergyMarketingContractsAssetsCurrent 1,222us-gaap_EnergyMarketingContractsAssetsCurrent
Other Prepayments and Current Assets 3,688us-gaap_OtherAssetsCurrent 3,819us-gaap_OtherAssetsCurrent
Total Current Assets 196,612us-gaap_AssetsCurrent 158,904us-gaap_AssetsCurrent
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 357,160us-gaap_RegulatoryAssetsNoncurrent 296,081us-gaap_RegulatoryAssetsNoncurrent
Unamortized Debt Issuance Costs 7,382us-gaap_UnamortizedDebtIssuanceExpense 6,523us-gaap_UnamortizedDebtIssuanceExpense
Long-Term Receivables 15,223us-gaap_LongTermAccountsNotesAndLoansReceivableNetNoncurrent 10,252us-gaap_LongTermAccountsNotesAndLoansReceivableNetNoncurrent
Derivatives - Energy Related Assets 0us-gaap_EnergyMarketingContractsAssetsNoncurrent 278us-gaap_EnergyMarketingContractsAssetsNoncurrent
Other 3,071us-gaap_OtherAssetsNoncurrent 2,937us-gaap_OtherAssetsNoncurrent
Total Regulatory and Other Noncurrent Assets 382,836us-gaap_AssetsNoncurrent 316,071us-gaap_AssetsNoncurrent
Total Assets 2,185,672us-gaap_Assets 1,909,126us-gaap_Assets
Common Equity:    
Common Stock, Par Value $2.50 per share: Authorized - 4,000,000 shares Outstanding - 2,339,139 shares 5,848us-gaap_CommonStockValue 5,848us-gaap_CommonStockValue
Other Paid-In Capital and Premium on Common Stock 250,899us-gaap_AdditionalPaidInCapitalCommonStock 225,972us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated Other Comprehensive Loss (14,479)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax [1] (10,869)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax [1]
Retained Earnings 438,300us-gaap_RetainedEarningsAccumulatedDeficit 390,018us-gaap_RetainedEarningsAccumulatedDeficit
Total Common Equity 680,568us-gaap_StockholdersEquity 610,969us-gaap_StockholdersEquity
Long-Term Debt 507,091us-gaap_LongTermDebtNoncurrent [2] 454,000us-gaap_LongTermDebtNoncurrent [2]
Total Capitalization 1,187,659us-gaap_CapitalizationLongtermDebtAndEquity 1,064,969us-gaap_CapitalizationLongtermDebtAndEquity
Current Liabilities:    
Notes Payable 101,400us-gaap_ShortTermBankLoansAndNotesPayable 65,500us-gaap_ShortTermBankLoansAndNotesPayable
Current Portion of Long-Term Debt 35,909us-gaap_LongTermDebtCurrent [2],[3] 21,000us-gaap_LongTermDebtCurrent [2],[3]
Accounts Payable - Commodity 22,359us-gaap_GasPurchasePayableCurrent 24,232us-gaap_GasPurchasePayableCurrent
Accounts Payable - Other 32,711us-gaap_AccountsPayableOtherCurrent 32,072us-gaap_AccountsPayableOtherCurrent
Accounts Payable - Related Parties 11,249us-gaap_DueToRelatedPartiesCurrent 6,638us-gaap_DueToRelatedPartiesCurrent
Derivatives - Energy Related Liabilities 6,305us-gaap_EnergyMarketingContractLiabilitiesCurrent 711us-gaap_EnergyMarketingContractLiabilitiesCurrent
Customer Deposits and Credit Balances 17,626us-gaap_CustomerAdvancesAndDepositsCurrent 15,089us-gaap_CustomerAdvancesAndDepositsCurrent
Environmental Remediation Costs 28,480us-gaap_AccruedEnvironmentalLossContingenciesCurrent 15,422us-gaap_AccruedEnvironmentalLossContingenciesCurrent
Taxes Accrued 1,177us-gaap_TaxesPayableCurrent 1,767us-gaap_TaxesPayableCurrent
Pension Benefits 1,515us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities 1,241us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
Interest Accrued 6,099us-gaap_InterestPayableCurrent 6,039us-gaap_InterestPayableCurrent
Other Current Liabilities 6,580us-gaap_OtherLiabilitiesCurrent 5,629us-gaap_OtherLiabilitiesCurrent
Total Current Liabilities 271,410us-gaap_LiabilitiesCurrent 195,340us-gaap_LiabilitiesCurrent
Regulatory and Other Noncurrent Liabilities:    
Regulatory Liabilities 41,899us-gaap_RegulatoryLiabilityNoncurrent 60,949us-gaap_RegulatoryLiabilityNoncurrent
Deferred Income Taxes - Net 435,022us-gaap_DeferredTaxLiabilitiesNoncurrent 380,975us-gaap_DeferredTaxLiabilitiesNoncurrent
Environmental Remediation Costs 95,828us-gaap_AccruedEnvironmentalLossContingenciesNoncurrent 104,070us-gaap_AccruedEnvironmentalLossContingenciesNoncurrent
Asset Retirement Obligations 41,976us-gaap_AssetRetirementObligationsNoncurrent 41,178us-gaap_AssetRetirementObligationsNoncurrent
Pension and Other Postretirement Benefits 95,241us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 48,197us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
Investment Tax Credits 149us-gaap_AccumulatedDeferredInvestmentTaxCredit 360us-gaap_AccumulatedDeferredInvestmentTaxCredit
Derivatives - Energy Related Liabilities 1,298sji_DerivativesEnergyRelatedLiabilitiesNoncurrent 48sji_DerivativesEnergyRelatedLiabilitiesNoncurrent
Derivatives - Other 7,325us-gaap_DerivativeLiabilitiesNoncurrent 3,735us-gaap_DerivativeLiabilitiesNoncurrent
Other 7,865us-gaap_OtherLiabilitiesNoncurrent 9,305us-gaap_OtherLiabilitiesNoncurrent
Total Regulatory and Other Noncurrent Liabilities 726,603us-gaap_LiabilitiesNoncurrent 648,817us-gaap_LiabilitiesNoncurrent
Commitments and Contingencies (Note 9)      
Total Capitalization and Liabilities $ 2,185,672us-gaap_LiabilitiesAndStockholdersEquity $ 1,909,126us-gaap_LiabilitiesAndStockholdersEquity
[1] Determined using a combined statutory tax rate of 40% and 41% in 2014 and 2013, respectively.
[2] Long-term debt maturities and sinking funds requirements for the succeeding five years are as follows (in thousands): 2015, $35,909; 2016, $27,909; 2017, $74,909; 2018, $38,909; 2019, $18,909.
[3] These variable rate demand bonds bear interest at a floating rate that resets weekly. The interest rate as of December 31, 2014 was 0.08%. Liquidity support on these bonds is provided under a separate letter of credit facility that expires in August, 2015; as such, these bonds have been included in the current portion of long-term debt. These bonds contain no financial covenants.