XML 47 R29.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Sep. 30, 2012

Schedule of Utility Inventory [Table Text Block]

The following table summarizes gas in storage by company as of September 30:



	2012				2011
($ in thousands)	Gas in Storage			Bcf	Gas in Storage			Bcf
NJNG		$	145,379	22.2		$	159,328	23.1
NJRES		119,814		45.5		135,147		36.8
Total		$	265,193	67.7		$	294,475	59.9

Schedule of Demand Fees [Table Text Block]

The following table summarizes the demand charges, which are net of capacity releases, and are included as a component of gas purchases on the Consolidated Statements of Operations for the fiscal years ended September 30:



(Millions)	2012		2011		2010
NJRES	$	129.8	$	112.3	$	105.1
NJNG	86.7		98.9		98.6
Total	$	216.5	$	211.2	$	203.7

Schedule of Public Utilities Allowance for Funds Used During Construction Rate [Table Text Block]

Corresponding amounts recognized in interest expense and other income, as appropriate, are included on the Consolidated Statements of Operations are as follows for the fiscal years ended September 30:



($ in thousands)	2012			2011			2010
AFUDC:
Debt	$	300		$	1,020		$	978
Equity	638			2,100			2,165
Total	$	938		$	3,120		$	3,143
Weighted average rate %	1.47		%	5.21		%	7.39		%

Schedule of Sales Tax And Assessment [Table Text Block]

Sales tax and Transitional Energy Facilities Assessment (TEFA) are collected from customers and presented in both operating revenues and operating expenses on the Consolidated Statements of Operations for the fiscal years ended September 30, as follows:



(Millions)	2012		2011		2010
Sales tax	$	32.3	$	50.7	$	41.6
TEFA ⁽¹⁾	6.0		9.0		8.3
Total	$	38.3	$	59.7	$	49.9


(1)	TEFA will be phased out over a three-year period commencing January 1, 2012.

Property, Plant and Equipment [Table Text Block]

Property, plant and equipment was comprised of the following as of September 30:



(Thousands)
Property Classifications	Estimated Useful Lives	2012			2011
Distribution facilities	38 to 74 years	$	1,352,101		$	1,304,182
Transmission facilities	35 to 56 years	248,774			200,051
Storage facilities	34 to 47 years	41,663			42,364
Solar property	20 to 25 years	181,123			78,322
All other property	5 to 35 years	82,875			81,245
Total property, plant and equipment		1,906,536			1,706,164
Accumulated depreciation and amortization		(421,659		)	(410,237		)
Property, plant and equipment, net		$	1,484,877		$	1,295,927

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Accumulated other comprehensive (loss) was comprised of the following balances, net of tax, as of September 30:



(Thousands)	2012			2011
Unrealized gain on available for sale securities	$	4,921		$	4,530
Net unrealized gain on foreign currency derivatives	51			173
Postemployment benefit obligation adjustment	(15,743		)	(15,307		)
Total	$	(10,771	)	$	(10,604	)

Accounts Receivable by Subsidiary [Table Text Block]

The following table summarizes customer accounts receivable by company as of September 30:



(Thousands)	2012				2011
NJRES	135,891		80	%	155,594		74	%
NJNG ⁽¹⁾	33,093		19		45,092		22
NJRCEV	154		—		69		—
NJRHS and other	1,405		1		8,511		4
Total	$	170,543	100	%	$	209,266	100	%


(1)	Does not include unbilled revenues of $7 million and $7.3 million as of September 30, 2012 and 2011, respectively.

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details