DEBT

NJR and NJNG finance working capital requirements and capital expenditures through the issuance of various long-term debt and other financing arrangements, including unsecured credit and private placement debt shelf facilities. Amounts available under credit facilities are reduced by bank or commercial paper borrowings, as applicable, and any outstanding letters of credit. Neither NJNG nor the results of its operations are obligated or pledged to support the NJR credit or debt shelf facilities.

A summary of NJR's and NJNG's debt shelf and credit facilities are as follows:



(Thousands)	December 31, 2011			September 30, 2011			Maturity Dates
NJR
Debt shelf facilities ^{(1) (2)}	$	175,000		$	175,000		Various⁽³⁾
Bank credit facilities⁽⁴⁾	$	325,000		$	325,000		December 2012
Notes payable outstanding at end of period	$	241,900		$	132,850
Weighted average interest rate at end of period	0.61		%	0.54		%
Amount available at end of period	$	68,803		$	157,853
NJNG
Bank credit facility dedicated to EDA Bonds ^{(2) (4)}	$	100,000		$	100,000		August 2015
Bank credit facilities ⁽⁴⁾	$	200,000		$	200,000		August 2014
Commercial paper outstanding at end of period	$	74,700		$	26,500
Weighted average interest rate at end of period	0.14		%	0.24		%
Amount available at end of period	$	125,300		$	173,500


(1)	Uncommitted, long-term debt shelf facilities, which require no commitment fees on the unused amounts.


(2)	There were no borrowings outstanding as of December 31, 2011 and September 30, 2011, respectively.


(3)	$100 million matures May 2013 and $75 million matures June 2014.


(4)	Committed credit facilities, which require commitment fees on the unused amounts.

Other

NJNG received $6.5 million and $5.9 million in December 2011 and 2010, respectively, in connection with the sale-leaseback of its natural gas meters. This sale-leaseback program is expected to continue on an annual basis.